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Shared Ownership

​Shared Ownership

We understand that providing a sizeable deposit makes it difficult for many people to buy their first home. That's why we support the Shared Ownership Scheme - a government initiative which aims to ​help buyers onto the property ladder by purchasing a share of a chosen property.

How does it work?

Shared ownership schemes (part buy/part rent) are provided through housing associations. You buy a share of your home (between 25% and 75% of the home’s value) and pay rent on the remaining share. You can buy bigger shares at a later stage when you can afford to.

With shared ownership you can buy a newly built home or an existing one through resale programmes from housing associations.

Am I eligible?

Shared ownership properties are always leasehold and you can buy a home this way if:

  • Your household earns £80,000 a year or less (in London this is ​£90,000​)
  • You’re a first-time buyer (or you used to own a home, but can’t afford to buy one now)
Please note that for Shared Ownership, Teachers Building Society can ​consider applications on the basis of:

  • Permanent employed income only
  • No other properties owned by applicant(s)
  • Mortgage must be repaid by retirement
  • If remortgaging, applicant(s) can only raise additional borrowing for staircasing (buying an additional share of the property)

How do I proceed?

If you are in the UK you need to contact your local Help to Buy Agent for more information about eligible properties. Your mortgage application will be subject to credit referencing, underwriting and a property valuation. Visit: for more information and to find your local agent.

How much could you borrow?

Use our handy mortgage calculator to find out how much we may be able to lend you and which products may be available to you. 

Get started

Want to have a chat with someone?

You can arrange a call back, send us a message or get straight through to the friendly team on 0800 378 669.

Find out more

Thinking of Shared Ownership?

Request a copy of our free Government Schemes Guide containing
an overview of the Help to Buy
and Shared Ownership
home buying process.

Find out more