As house prices rise, it is becoming increasingly difficult to step onto the property ladder - shared ownership schemes are specially designed to help people buy into their own home.
This arrangement usually means that you buy a part of your home - usually 50%* - with the option to extend to full ownership in the future. Such schemes are usually administered by a Housing Association and you would pay rent to them on the percentage that they own, (a service charge may also apply). This scheme is usually administered to first time buyers only - although some do accept second time buyers also.
Once you have a shared ownership property, we can help you with your shared ownership mortgage needs. Shared ownership mortgage rates vary widely as they are usually regarded as more risky than other conventional loans, but we are committed to helping you find the best rate. One of our dedicated and professional mortgage advisers will take you through every step of the process - ensuring that you find the right shared ownership mortgage for you and your circumstances.
* It is advisable to check that this is the case as obtaining a mortgage without this option can be difficult.
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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.