Shared Ownership Mortgages available up to 95% share, 75% loan to value.
Shared ownership mortgages allow you to buy a share of the property and pay rent on the remaining portion, usually to a housing association, when property is not affordable to purchase outright. Should affordability allow, individuals can gradually increase towards full ownership over time, a process known as staircasing.
Our shared ownership mortgages are available on qualifying properties across England and Wales with pre-approved housing associations registered with the Homes and Communities Agency or Help to Buy Wales Ltd.
All mortgage applications are assessed on a case by case basis by our mortgage team without the use of automated credit scoring systems.
|Overall Cost For Comparison2||7.4% APRC|
|MAX LTV3||95% of the share being purchased, 75% property value|
|Early Repayment Charge||2% in Year 1, 1% in Year 2|
|Product Fees||£199 Application Fee, No Completion Fee|
Your home may be repossessed if you do not keep up repayments on your mortgage