Shared Ownership
Shared Ownership lets you buy a share of a property (often 25–75%, sometimes from 10%) and pay subsidised rent on the rest. You can buy more shares over time ("staircasing"). Properties are usually new-build or resale shared-ownership homes from housing associations.
Eligibility
Typically: household income under £80,000 (£90,000 in London), first-time buyer or existing shared owner, good credit, and a deposit of about 5–10% of the share you buy. Rules can vary – check the specific scheme.
Shared ownership homes in Swindon are listed on GOV.UK Shared Ownership and housing association portals such as Rightmove new homes (filter for shared ownership).
Lifetime ISA (LISA)
If you're 18–39, you can save up to £4,000 a year in a LISA and receive a 25% government bonus (up to £1,000 per year). The balance can be used for a first-home deposit. You must have had the account for at least 12 months before buying. Withdrawing for other reasons usually incurs a penalty.
Mortgage Guarantee Scheme
Launched in 2025, this scheme encourages lenders to offer 95% loan-to-value mortgages. You need a 5% deposit. It applies across the UK – check with mortgage brokers and lenders for current products.
First Homes Scheme
First Homes offers new-build properties at 30–50% below market value for first-time buyers and key workers. Not all areas have stock – check gov.uk/first-homes-scheme and local authority sites.
Where to get help
For Shared Ownership advice: GOV.UK Shared Ownership or Homes England (sharedownership@homesengland.gov.uk, 0300 1234 500). For mortgages, speak to a broker – see our house prices and stamp duty guides for the full buying picture.
Information correct as of February 2026. Scheme rules change. Always use GOV.UK and official sources for current eligibility.