Your Home is a private Shared Ownership provider. They can help you get on the property ladder without you having to compromise on size, style or location to achieve home ownership.
It works by purchasing a share of a home, then paying monthly rent on the part you don't buy to Your Home. Later down the line, if you want to buy more of the property you can or choose to sell your share, benefitting from any property value gains.
To see if you're eligible, create a free Tembo plan for a personalised recommendation.
Not every mortgage is for everyone. Here’s some things you should know before applying.
Buy a share of a home worth up to £600,000
As long as you meet Your Home's affordability criteria, you could purchase a share of a property worth up to £600,000.
Live debt-free and avoid paying interest
As long as you have enough cash to purchase at least 25% of the property up front, you can live mortgage free by paying rent on the portion of the property you don't own. If you don't want to buy more of the property, you don't have to.
You'll benefit from any increase in value
If the property's value has increased over time, when it comes to selling you'll benefit from the increased value of the share you bought. Plus, you are also entitled to 50% of the value increase on the share you didn't buy.
You must put down a minimum 25% deposit
While you can buy up to 75% of the property, the minimum share size you can purchase is 25% which must be a cash deposit. So to be eligible for the scheme, you must have at least 25% of the property value saved up.
The property must meet Your Home's requirements
To be eligible for Your Home's scheme, the property you choose must be a freehold and cannot be a new-build - so only pre-owned homes qualify.
You'll have to pay rent
You’ll have to pay rent on the share of the home you don’t own. Your rent increases yearly by 0.50%, plus the Retail Price Index (RPI). If the RPI is zero or negative, your rent will only increase by 0.50%. To qualify, you’ll need to pass affordability checks to ensure you can afford to pay the rent payments and buy more of the property over time.
Get into your very own home in 4 simple steps
In under 10-minutes, we’ll check your eligibility for Your Home's Shared Ownership scheme, as well as our other buying schemes. Plus, you’ll get a personalised recommendation including interest rates and repayments.
Book a call with our mortgage experts to start the qualification process and cover any questions you might have. If you want to move ahead, we'll introduce you to your account manager from Your Home.
Your Home will arrange a decision in principle for you to confirm your final budget, and then it’s time to find a home! You'll need to ensure the property you choose meets their requirements, but your account manager will be on hand to support you throughout the search.
Once you’ve found a property, your Your Home account manager will work with you and your chosen conveyancer to purchase the home outright.
Explore our other buying schemes to see alternative ways to get on the ladder
On your own
Purchase a new build home from a participating home builder with just a 5% deposit.See details
With a guarantor
Add some or all of a loved one’s earnings to your mortgage application as a guarantor to boost your budgetSee details
Unlock money from a loved one’s property to gift to you as part of or all of your house depositSee details
Confused about mortgages? Read our guides for expert tips on saving, buying and the market.
You can be snug in your very own home in 4 simple steps