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Shared Ownership vs. Traditional Homeownership: Making an Informed Decision with Pilkington Estates

When it comes to owning a home, there are various paths to consider. At Pilkington Estates, a real estate firm based in Plymouth, we believe in empowering our clients to make well-informed decisions. In this article, we will explore the distinctions between shared ownership and traditional homeownership, assisting you in navigating the options and finding the best fit for your needs. Prepare yourself to delve into the world of homeownership with Pilkington Estates as your trusted guide.

  • Shared Ownership: A Step towards Owning Property

Shared ownership provides an alternative approach to homeownership, especially for individuals who may need help to afford a property outright. With shared ownership, you purchase a percentage share of a property (typically ranging from 25% to 75%) and pay rent on the remaining portion. This lower initial investment can make it easier for first-time buyers or those with limited savings to step onto the property ladder.

  • Traditional Homeownership: Complete Ownership and Control

Traditional homeownership grants you full ownership and control of your property. You have the freedom to make modifications, personalise your space and build equity over time.
When you opt for a traditional mortgage, you borrow the complete purchase price of the property and then gradually repay it through monthly instalments until the loan is completely paid off. This choice provides stability in the long run and allows you to achieve full ownership of your home.

  • Financial Considerations:

Shared ownership can have financial benefits since the initial deposit and mortgage payments are generally lower compared to those associated with traditional homeownership. This makes homeownership more accessible, especially for individuals with lower incomes or limited savings. However, it’s important to take into account that with shared ownership, there will still be ongoing costs, such as rent on the portion you don’t own, service charges and potential limitations on selling your share.

  • Flexibility and Future Prospects:

Traditional homeownership offers greater flexibility as it grants you the freedom to sell or rent out your property according to your preferences. This flexibility enables you to adapt to changing circumstances or even seize investment opportunities. On the other hand, shared ownership may come with certain restrictions, like limitations on subletting or selling your share, which impact your plans. It’s crucial to consider your long-term goals and evaluate which option aligns best with your aspirations.

  • Making the Right Choice with Pilkington Estates

When it comes to choosing between shared ownership and traditional homeownership, Pilkington Estates knows how important this decision is. Our team of experts is here to assist you every step of the way, offering personalised guidance and assistance. We’ll help you evaluate your financial circumstances, explore the properties that are currently available and ultimately make a well-informed choice that aligns with your goals and desires.


Choosing between shared ownership and traditional homeownership is a personal decision that depends on your financial circumstances, long-term goals, and lifestyle preferences. Pilkington Estates is committed to assisting you throughout the process, ensuring you have the information and guidance needed to make the right choice. Whether you opt for shared ownership, take that crucial first step on the property ladder, or pursue traditional homeownership, gaining complete ownership and control, Pilkington Estates will be there every step of the way, helping you turn your homeownership dreams into reality.