Shared ownership mortgages
5th December 2013
Affinity Sutton Open day at Aurora Apartments on Saturday 7th December. Read more...
5th December 2013
Affinity Sutton are delighted to offer this two bedroom re-sale apartment in Liphook, Hants for sale on a shared ownership basis. Read more...
Help with shared ownership mortgages
This website, shared-ownership.org.uk, is provided by Share to buy – a mortgage brokerage specialising in the shared ownership field. At sharetobuy.com, we can arrange a Shared Ownership mortgage for you and have access to a wide range of Shared Ownership mortgage lenders covering new build homebuy/part buy part rent, FirstBuy, homebuy direct and resales of existing shares. Most importantly, we have access to exclusive and semi-exclusive shared ownership mortgage products including for 5% and 10% deposits. You can use the following links to find out more about shared ownership mortgages and how we might be able to help:
- Compare shared ownership mortgages via our comparison site: compare mortgages for shared ownership mortgages including 5% and other low deposit options. We have products from a range of shared ownership mortgage providers, including products arranged via brokers and those available direct from the lender's branch.
- Staircasing and shared ownership remortgages: click here if you are looking to staircase (i.e. buy more shares in your existing shared ownership property) or remortgage your existing shared ownership deal – or both. We also have a staircasing calculator to assist with customers looking to staircase and buy further shares.
- Shared ownership solicitors: click here for information on solicitors with experience of shared ownership mortgages.
About share to buy
Share to buy is a whole of the market mortgage brokerage specialising in shared ownership mortgages and we don't charge any fees. Our experienced staff have helped hundreds of people right across the UK to buy their first home with a shared ownership mortgage.
Further questions on shared ownership mortgages
Can I use any mortgage lender?
Not all lenders will offer shared ownership mortgages. Of those that do, some, particularly the smaller building societies, may restrict their lending to local postcodes. Even when a provider will offer mortgages for shared ownership properties, it can be confusing because there is huge variation in how much deposit different lenders require for different types of shared ownership property.
What exactly is a shared ownership mortgage and where do I find the best shared ownership mortgages advertised?
A mortgage for shared ownership is one where the lender is happy to provide a mortgage on a share in a property, e.g. a 50% share, rather than on the entire home. However, when it comes to mortgages, shared ownership can be restrictive because many lenders are not involved in the scheme and, of those that are, some, particularly the smaller building societies, may restrict their lending to local postcodes. If you looking for a mortgage for shared ownership and want to find the most competitive shared ownership mortgage rates, you could consider seeking independent advice or alternatively, search our comparison site.
How much deposit will I need?
This can vary. If you use our shared ownership mortgage calculator (now going directly to our price comparison site) it is programmed with up to date lending policy from all the shared ownership providers and if the amount of deposit you enter is not sufficient it will show you the minimum required. Generally, 5% is the minimum but it can be more than this depending on your circumstances and the type of shared ownership property you are buying. Certainly, the bigger the deposit, the better your mortgage rate is likely to be. 100% shared ownership mortgages are not generally available anymore.
What is staircasing?
If you already own a part buy part rent property, you can buy further shares in a process known as 'staircasing'. Share to buy provides information on shared ownership staircasing including a staircasing calculator that works out whether you might have enough equity to buy further shares, and also estimates the cost of staircasing mortgages.
Shared ownership mortgage calculator
Linked to daily updated mortgage rates.
Share To Buy
We specialise in shared ownership. On our website you can find part buy part rent homes and mortgages!
If you have any difficulties in making payments on your shared ownership mortgage, please contact your mortgage provider or housing association immediately.