How to get mortgage ready

NCHA could help you take your first steps onto the property ladder through shared ownership. We’ve been helping customers buy homes this way since 1987 and have supported more than 1,500 people to become homeowners.

Whether you're hoping to buy soon or planning for the future, there are steps you can take now to improve your chances of securing a mortgage.

1. Start saving

Building a deposit is an important first step. If you're considering shared ownership, your deposit is usually based on the share you buy rather than the full property value, which can make buying more affordable.

2. Check your credit score

A good credit score can help you access better mortgage deals. Paying bills on time, staying within credit limits and checking your credit report regularly can all help.

3. Know what you can afford

Create a realistic budget to understand your income, spending and potential housing costs. This will give you a clearer idea of what type of home may be within your reach.

4. Consider shared ownership

Shared ownership allows you to buy a share of a home and pay rent on the rest. It can be a more affordable way to get onto the property ladder, especially for first-time buyers.

5. Get expert advice

Speaking to a mortgage adviser can help you understand your options, what lenders are looking for and how to prepare for the application process.

Home ownership could be closer than you think

By taking a few simple steps now, you can put yourself in a stronger position to buy a home in the future. For many people, shared ownership is making home ownership more achievable.

Many NCHA customers have gone on to own their homes outright after starting their homeownership journey through shared ownership.

Read Natalie's story to find out how Shared Ownership helped her get onto the property ladder.

If you're considering shared ownership, we're here to help.

Read our customer stories and search our homes.