Just 4 Mortgages
What Is Shared Ownership?
Guide
.png)
Many people are swaying more to a Shared Ownership property but what are they. Shared Ownership is where you share the ownership of the property that you purchase. You will generally own around 25% to 75% of the property and the remaining part will be owned by a housing association. You will then be charged an agreed rent for the portion that you do not own. This is often at a lower amount compared to those who rent privately with landlords.
Although Shared Ownership is aimed at First Time Buyers, you do not need to be one to purchase a shared ownership property. You can overtime increase the amount of the property that you own via a process known as Staircasing with the aim to eventually own 100% of the property.
We can help you obtain a Shared Ownership Mortgage that suits you and discuss the benefits and any possible disadvantages of shared ownership with you.
.png)
.png)
.webp)
.jpg)
.webp)
.webp)
Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage. The guidance and/or advice contained within the website is subject to the UK regulatory regime and is therefore primarily targeted at customers in the UK. There will be a fee for mortgage advice. The precise amount will depend upon your circumstances but a typical fee will be £494