Shared Ownership Mortgages
Expert Shared Ownership Mortgage Advice
Shared Ownership can make getting onto the property ladder more affordable by allowing you to purchase a share of a property while paying rent on the remaining share. At The Finance Family, our experienced mortgage advisers provide expert shared ownership mortgage advice, helping you find the right mortgage and understand the buying process from start to finish.
Buying a Shared Ownership property is different from buying a standard home, which is why specialist mortgage advice is so important. We'll explain how Shared Ownership works, help you understand your affordability and compare mortgages from a wide range of UK lenders to find the right option for your circumstances.
How we can help
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Shared Ownership mortgage advice
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First-time buyer Shared Ownership mortgages
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Mortgage affordability guidance
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Agreement in Principle applications
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Access to a wide range of UK lenders
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Support throughout your mortgage application
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Guidance on the Shared Ownership buying process
Why Choose The Finance Family?
Our friendly mortgage advisers understand the Shared Ownership process and will guide you every step of the way. Whether you're buying your first home or returning to the property market, we'll provide honest, personalised advice to help make your purchase as straightforward as possible.
Frequently Asked Questions
What is a Shared Ownership mortgage?
A Shared Ownership mortgage is used to buy a percentage of a property, while you pay rent on the remaining share to a housing association. Over time, you may have the option to purchase additional shares in the property, known as staircasing.
Who is eligible for Shared Ownership?
Eligibility depends on the scheme rules, but Shared Ownership is often available to first-time buyers, previous homeowners who can no longer afford to buy outright, and certain other eligible applicants. We'll help you understand whether the scheme is right for you.
How much deposit do I need for Shared Ownership?
Your deposit is usually based on the share of the property you're purchasing rather than the property's full market value. This can make Shared Ownership more affordable for many buyers. We'll explain your options and help you find a suitable mortgage.
Get in Touch
Please contact us for an initial enquiry or a full comprehensive financial review. Complete the form and we will be in touch soon.
1st Floor Office
The House On The Green
High Street
Wombourne
WV5 9DP
Suite 5, Pioneer House
Mill Street,
Cannock
WS11 0DW
