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Equity release on shared ownership property?

Borrowing | Mortgage Helpful? 10

Asked by naprop, submitted 26 September 2012.

Open Quote Can you get equity release on a shared ownership property where you own 50% and the housing association own 50%?End Quote

Answered by Justin on 26 September 2012

No, I'm afraid equity release schemes require you to own 100% of the property. If you need to raise cash you may be able to mortgage/re-mortgage your 50% share in the property. However, lenders are far more cautious than they used to be, so even this might be tough unless you have a reasonable amount of equity in the property.


Please note this answer does not constitute a recommendation or financial advice and should not be relied upon when making specific investment or other financial decisions. You should always undertake your own research into whether a product or service is appropriate for your needs and, if necessary, use a qualified professional adviser.

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