SHARED OWNERSHIP MORTGAGES

Shared ownership is a scheme where you part rent, part buy a property. The deposit needed is based on the share of the property to be purchased, as opposed to its full market value. Clients choose shared ownership for a number of reasons, often when the buyer does not have the deposit needed to buy a property at its full market value.

You can purchase a share between 25% and 75% of the full market value. This can be available for new homes as well existing homes through resale schemes offered through housing associations.

A monthly rent is payable to the Housing Association on the remaining share. 

Hope Mortgage Solutions secure products where as little 5% deposit is required on the share of the property.

While shared ownership can be a fantastic option for those who cannot afford to purchase at full market value, lenders will treat the rent paid on the remaining share of the property as a financial commitment, which can impact affordability.

With lenders having varying criteria surrounding shared ownership products it is crucial to get expert advice before making any financial commitment towards a shared ownership property.

For more information on the shared ownership scheme, click here

WHY USE HOPE MORTGAGE SOLUTIONS? 

WHOLE OF MARKET MORTGAGE BROKER

PROFESSIONAL, PERSONAL ADVICE TAILORED TO YOU

'LIFETIME FEE' SCHEME - ONE FEE PAYABLE FOR MORTGAGE ADVICE FOR LIFE

ACCESS TO THOUSANDS OF MORTGAGE PRODUCTS

LENDER EXCLUSIVE PRODUCTS WHICH ARE ONLY AVAILABLE THROUGH BROKERS             

       

Contact Hope Mortgage Solutions today and book your free initial consultation to discuss your options for shared ownership mortgages, call 0117 914 7471 or using the contact form below.

There may be a broker fee payable. See more on the Lifetime Fee Scheme.

Catherine Hope T/A Hope Mortgage Solutions  is an appointed representative of H L Partnership Ltd which is authorised and regulated by the Financial Conduct Authority

Your home (or property) may be repossessed if you do not keep up repayments on your mortgage

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