When you buy a Shared Ownership home, you will need your initial deposit, and then moving forward you will pay back monthly your mortgage to your lender and the rent on the share on the home your landlord owns. So, for example, if you buy a 35% share of a £200,000 home your 10% deposit to pay outright would be £7,000. You would then have a £63,000 mortgage to repay monthly and NDH would charge rent on the remaining 65% of your home. The total monthly costs of your mortgage and rent would vary depending on the location and mortgage rates but we find that it can usually be a lower cost than renting the equivalent home in the local area privately. Plus, 35% of these payments are going to your own pocket and equity rather than a private landlord. Our rent payments are usually below market rent values.