18. Property shares for shared ownership

To determine the share of the property you currently own in a shared ownership arrangement; you need to refer to your shared ownership lease or purchase documents. These documents outline the percentage of the property that you purchased when you entered into the shared ownership scheme. 

Typically, the share you own is expressed as a percentage, such as 25%, 50%, or 75%, depending on the initial purchase arrangement. This percentage represents the portion of the property that you have bought with your own funds and for which you have taken out a mortgage. 

If you are unsure about the share of the property you currently own, you can: 

• Review your shared ownership documents: Check your shared ownership lease, purchase agreement, or any other documents provided to you at the time of purchase. These documents should clearly state the percentage of the property that you own. 
• Contact your housing association or developer: If you cannot locate your shared ownership documents or need clarification, you can contact your housing association or developer. They should have records of your ownership share and can provide you with the relevant information. 
• Check with your mortgage lender: If you have a mortgage for your shared ownership property, your lender may also have information about the share of the property you own, as it is typically tied to the mortgage agreement.