Shared ownershi is available on specific homes only, that you'll find advertised through website portals such as keaze.com. You pay for a percentage share between 10% and 75% of the home’s full market value. You will usually buy your percentage share with a mortgage and mortgage deposit, but you may be able to buy a share outright without a mortgage depending on your circumstances. You enter into a lease agreement with the landlord, usually a housing association, and agree to pay rent to them on the remaining share you don't purchase. Most shared ownership homes require an initial share purchase between 25% and 75%. A limited number of homes are available for sale under the new model for shared ownership (from 10% shares rather than the previous 25%), however homes on the more readily-available version of shared ownership are available to purchase now.You'll have a lease, which is essentially the contract for the share you've bought. It means you've got the right to keep your home for a certain number of years (it will depend which type of shared ownership you purchase your home with but the term could be up to 990 years), but the land belongs to someone else. Your lease also sets out how much you need to pay each month, your responsibilities while living there and all the details of your agreement with the housing association. Make sure you go through it and ask lots of questions. Your solicitor can help you with this.