Shared ownership


Our shared ownership range is designed for people who want to access affordable home ownership. These solutions have been assembled to give your clients the opportunity of part-owning/part-renting a property.

  • 1st step on the housing ladder
  • Needs to be purchased through a registered Housing Association that permits up to 100% staircasing
  • Up to 100% MSV

Shared Ownership Criteria

Missed Mortgage/ Rent Arrears In the last 12 months are not normally accepted but may be considered subject to individual case review
County Court Judgements or Registered Defaults In the last 36 months are not normally accepted but may be considered subject to individual case assessment

The following CCJ/ default criteria can be considered subject to individual case assessment:

  • Where the CCJ/ default was registered more than three years ago and satisfied prior to mortgage application
  • Where the CCJ/ default was satisfied more than 12 months prior to application regardless of date of registration
  • Where the CCJ/ default in aggregate amount to less than £300 regardless of the date of registration. It must be satisfied prior to mortgage application
Individual Voluntary Agreement (IVA) & Discharged Bankrupts IVA/ Bankrupts who have been discharged over three years ago and who have no residual debt may be accepted subject to individual case assessment
Repossessions Not acceptable 

Product detail

MSV* LTV Mortgage type Term Initial rate Product fee Early repayment charge** Product code
90% 75% Fixed 2 3.89% £399 3% in years one and two 01428 KSHO1901
90% 75% Fixed 5 4.29% £399 5% in year one, 4% in year two and 3% in years three, four and five 01431 KSHO19F5
95% 75% Fixed 2 3.99% £399 3% in years one and two 01429 KSHO1901
95% 75% Fixed 5 4.39% £399 5% in year one, 4% in year two and 3% in years three, four and five
01432 KSHO19F5
100% 75% Fixed 2 4.19%
£399 3% in years one and two
01430 KSHO1901
100% 75% Fixed 5 4.59% £399 5% in year one, 4% in year two and 3% in years three, four and five 01433 KSHO19F5

Minimum Loan £50,000. Maximum Loan £1,000,000. Minimum property value of £125,000 is applicable.

The Shared ownership standard variable rate (the revert rate) is 6.33%. 

Application fee £130 payable at time of application. This is to cover assessing and processing the application (even if the application is unsuccessful or is withdrawn). Please note that applications will not be processed until this fee is received

All our products are subject to availability and may be withdrawn at any time.

The client’s share of the property must be a minimum of 25% with a maximum of 75% of the full property value subject to a minimum loan size of £50,000. LTV quoted above relates to the full value and not the share purchased LTV.

*Maximum Share Value (MSV).

**ERC’s may be incurred for full redemption or repayment of capital.

Applicants must use our approved panel of solicitors.

We accept private shared ownership, from specific local authorities and private firms. Click here for more information.

Product terms and conditions

  • These products are only available on a repayment basis.
  • At the end of any initial deal, the interest rate will revert to the Shared ownership standard variable rate.
  • The Standard variable rate can vary in line with the general level of interest rates and economic conditions.
  • If your client makes any lump sum payments or repays the loan within a special deal period, an early repayment charge may be payable. Please refer to the early repayment charge section of the table for details. Payments up to a maximum of £499 per month can be made without incurring an early repayment charge.
  • A list of our fees and charges accompanies all Mortgage Illustration.
  • The minimum mortgage term is 5 years and the maximum is 35 years.
  • The maximum loan size is £1m.
  • Interest is added to the mortgage account for the period from the date the loan is made until the last day of that month. Thereafter, interest is charged monthly on the balance outstanding at the end of the last month. Payments in excess of the required monthly payment will have the effect of reducing the balance outstanding and the amount of interest to be paid.
  • These mortgage products are portable. Even if your client moves home during the initial special deal period of a mortgage, the remaining benefits (up to the outstanding balance of their existing mortgage) of that special deal can be transferred to their new mortgage with us, subject to our lending criteria at the time of any move. In this case, any early repayment charges will not be charged but the existing rate will not apply to any additional funds that your client borrows.
  • All mortgage products are subject to availability of funds and can be withdrawn at any time.

For interest-only or part repayment/part-interest only, it is your client's responsibility to ensure they have sufficient funds available at the end of the term with which to repay the loan.

All loans are subject to availability, status, valuation and approval, and are available in England and Wales only. Applicants must be aged 18 or over. Maximum age at the end of the mortgage term is 85. Written quotations are available on request.

OneSavings Bank plc is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority (registered number 530504) for general insurance intermediation and regulated mortgages


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