Property Buying guide

Joint Ownership

Joint ownership or joint equity means clubbing together or co-buying to share the deposit, joint ownership mortgage payments and house-hold bills. Joint ownership of a property can be a way onto the property ladder which may even mean leap-frogging the first rung or enabling you to live in your favoured area.

When you opt for a joint ownership house or a joint ownership property you will need a joint ownership mortgage and a joint ownership agreement. 

If you are considering joint ownership of a property, you will need mortgage advice, so speak to a mortgage advisor who specialises in joint ownership mortgages.

Our guide to joint ownership is for you if you are considering investing with someone else - either a friend, family member or someone you might meet through one of the many joint ownership schemes where you can meet like-minded people looking for other joint ownership property investors to get onto the property ladder.

For more information on joint ownership see our joint ownership guide: 

Introduction to joint ownership or joint property ownership l What's good about joint ownership? What are the downsides of joint ownership? l How much can we borrow for a joint ownership mortgage? l The two types of joint ownership, joint tenancy and tenants in common l Drawing up a trust deed, or declaration of trust and joint ownership agreement l Example of a declaration of trust l Example of a joint ownership agreement l Joint mortgages and how the finances could work when you buy with others l Finding someone to invest with and tips for those using joint ownership schemes where you can meet other prospective joint owners l Frequently asked questions about joint ownership 

Shared ownership describes owning part of a property (typically with a housing association) and paying them rent on the part you don't own. The Government's shared ownership scheme is known as New Build HomeBuy 

Most useful and most popular pages on this site:

Look for your First Property l Seek First Time Buyer Mortgage Advice l See our Best First Mortgages Comparison Table l Find out about First Time Buyer Mortgages l Find out How to Buy a House l Learn all about The First Time Buyer Mortgage l Shared Ownership

If you're looking for a short cut to your first home, we recommend you look closely at the following three options.
 
1   Consult a mortgage advisor to see if you can afford it on your own.

2   See if there are any new-build bargains in your area

3   If you still can't afford what you want, speak to your parents about how they can help and revisit the above options with their input taken into consideration.