How much does shared ownership cost?

To become a shared owner, you will need to pay some one-off costs and other regular costs. The one-off costs might include:

• Your deposit
• Stamp duty
• Legal fees for a solicitor and/or conveyancer
• Valuation fees to your mortgage provider
• Mortgage arrangement charges (as agreed with your mortgage lender)
• Your home furnishings

Your regular (usually monthly or quarterly) costs might include:

• Mortgage payments to your mortgage lender
• Indemnity premium (depending on your mortgage)
• Your rent (2 percent or less of the remaining equity)
• Service charge
• Home insurance
• Council tax to your Local Authority
• Utility bills (gas, electricity, water, telephone etc)
• Repairs, decoration and maintenance costs

To see the properties available under the part rent, part buy scheme, please view current homes. For more information about the scheme, please call us on 0844 463 8031 or email us.

Or you can visit your local HomeBuy agent's website for more information.

How much will owning your own home through shared ownership cost?