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Shared Ownership


If you are about to buy your own home through a shared ownership scheme run by your local council or a housing association, then you are going to need to find a mortgage lender who offers shared ownership mortgages.

Shared ownership means that you own part of the property and the remainder is owned by the council or a housing association.

Many banks and building societies will not offer mortgages to people buying shared ownership properties, because of the fact that you won't own 100% of the property.

However, with the help of a suitably experienced mortgage consultant, it is possible to find shared ownership mortgages from specialist lenders that mean you can buy anything from 25% to 75% of the property at the outset.

After the initial purchase, most shared ownership mortgages have the facility for you to gradually increase your share in the property as time goes by.

Don't worry if you do not have enough money for a deposit. There are shared ownership mortgages available which will cover the full cost of your share of the property, meaning that you only need to fund the legal fees and other moving expenses yourself.

To find out more about using a shared ownership mortgage to get yourself on the property ladder, please click here and we will put you in touch with a mortgage consultant who understands the ins and outs of shared ownership.


Click here to request more information from a qualified mortgage consultant...