Shared ownership is an option for lots of people — probably more than you think. A smaller deposit makes it easier for first-time buyers to get on the ladder, and it's an easier way for separated couples to buy again with their individual share of joint assets. And with a smaller deposit and smaller mortgage required, it can be a great option for many families looking to get more space with a bigger home than they could afford to buy otherwise. Generally speaking: Your household income needs to be under £80k (under £90k in London). You can't be the owner of another property. You'll need to show you have a good credit history, and can afford the regular payments and costs involved in buying a home. You should have savings, or be able to put down at least 5-10% deposit on the share of the property you're buying, plus to cover any associated upfront fees such as conveyancing.