Your simple guide to Shared Ownership

Shared Ownership is a government-backed scheme, designed to make stepping onto the property ladder easier. You can choose the location and property right for you, purchase a percentage of your home, and pay a low-cost rent on the remainder.

The scheme is open to first-time buyers, and those looking to move onto the property ladder. As with all house-buying schemes, affordability and eligibility criteria applies. Check out the video and frequently asked questions below to find out more.

More about Shared Ownership

Shared Ownership is a scheme designed to assist those with a lower income, or those who are struggling to save a deposit for a house. You purchase a proportion of the property, which is between 25% and 75%*, and pay a low-cost rent to Radian on the remaining share. In many cases, you’ll only need a 5% deposit of the share you’re purchasing, meaning you could step onto the housing ladder with a deposit of as little as £5,000.

Let’s take an example:


House value £300,000 £300,000
Share value £300,000 – 100% £120,000 – 40%
Minimum 5% deposit required £15,000 £6,000
Monthly mortgage payment £1,731 £591.09
Monthly rent payment £0 £405.63
Monthly service charge £15.85 £28.82
Total monthly payment £1,747 £1,025.53

Figures are based on a 95%, 25 year mortgage with an interest rate of 3.99%
*If your new home is part of the Affordable Homes Programme 2021-26, you could purchase as little as 10% share.

Am I eligible for the scheme?

Much like other government schemes, Shared Ownership has a list of affordability and eligibility criteria which you’ll need to comply with. You could purchase a home through the Shared Ownership scheme if:

  • You are a first-time buyer, or can’t afford to buy a home on the open-market.
  • You’re currently selling your Shared Ownership home and would like to use the scheme to buy a new home.
  • Your household income is less than £80,000 (£90,000 if you’re in London) per annum.

In addition, certain schemes may require you to have a local connection to the area. This may mean you will either need to work in the local area, or have a family connection to the area, to be eligible to purchase a Shared Ownership home. Radian work with Local Help to Buy Agents who will have all the information you need to explain eligibility – to check this out go to the Help to Buy website.


Military priority

In addition to the eligibility criteria above, military personnel also receive priority for the Shared Ownership scheme. The criteria is as follows: Current military personnel:

  • You must have completed your basic (phase 1) training and are either regular service personnel (including Navy, Army and Air Force)
  • Clinical staff (with the exception of doctors and dentists)
  • Ministry of Defence Police Officers or uniformed staff in the Defence Fire Service

Ex-military personnel:

  • Have served in the Armed Forces for a minimum of six years and they apply to buy within two years (24 months) of the date of discharge from service will also be prioritised. You must also produce a Discharge Certificate (or similar documentation) as proof
  • Surviving partners of Regular service personnel who have died in service where they apply to buy within two years (24 months) of the date of being bereaved.

Buying more of your home

Although you only purchase a percentage of your home to begin with, you have the option to buy more shares in your home if you so wish – and this is called staircasing. The more the shares you have, the less your rent will be. If you staircase to own 100% of your home, you will pay no rent and the home will be yours*. The price you pay for any extra share is based on the market value of your home at the time you wish to buy, which could go up or down. The value will be set by an independent RICS-qualified valuer. There will be some costs involved in staircasing such as a valuation fee and solicitor’s fees, although it shouldn’t cost as much as buying your first share. *Please note, when you purchase 100% of your home, there may be additional ground rent to pay each year, and you may still be required to pay the service charge.

Selling your home

It couldn’t be easier to sell your Shared Ownership home – and here at Radian we’ll guide you through the process, from start to finish. When you decide that you want to sell your home, you’ll need to let us know. Radian will have a nominations period to exclusively market and sell your home (as stated within your lease). You will need to arrange a RICS Valuation, and we will then prepare the marketing materials, manage the interest and invite customers to contact you for a viewing. We have an up-to-date list of people looking for a Shared Ownership home. If after the nominations period we’re unable to sell your home, you have the option to market it via an estate agent or property portal. We’ll continue to market your home to increase the chances of a quick sale. Once your home is sold, completion dates will be set and you’ll be able to focus on making your move as smooth as possible.

What types of homes are available?

Shared Ownership is available on all types of properties – from one and two bedroom apartments, all the way through to three and four bedroom family homes. Previously you could only register your interest in homes with one more bedroom than you needed – but this has now changed. The Shared Ownership scheme as of 4 January 2016 now enables you to buy any home regardless of size, as long as it is affordable for you and do not exceed the maximum occupancy of a home at the time of purchase. Our homes will be advertised on the Radian Homes website alongside the relevant Help to Buy website. The homes may also be advertised on other digital channels such as Rightmove, Zoopla and Facebook. In some cases, MOD personnel and those with a local connection will be prioritised. This will usually be stated on the relevant page on the website, but you can obtain more information by calling the Radian Homes team on 0800 145 6663 or by emailing

What are the benefits of being a home-owner?

Another attraction of Shared Ownership is that you are the home owner and have all of the benefits of someone that purchases on the open market. You don’t need to ask about decorating, or check if you’re allowed to hang a new photo on the wall; you can look after running your home yourself. But never fear, if you find anything tricky, we can help – we are just a phone call away.

Contact us

For more information on purchasing a home through Shared Ownership, buying more shares or simply just want to ask us a question call on 0800 145 6663 where one of our dedicated customer service advisors will be on hand to help. Alternatively, you can email

News & Events

Radian and Yarlington become Abri
Read more
Celebrate summer on your balcony!
Read more
Upgrade your workspace!
Read more
Staircasing FAQ
Read more

Latest Properties

Flat 12 Epsom House

See more
17 Ray Close

See more
14 William Bricknell Pavilion

See more

Help you move

Your handy guide to Shared Ownership
Find out more
Looking to rent with Radian Homes?
Find out more
Read our customer testimonials
Find out more