MORTGAGE ADVICE
Learn More With Our Shared Equity Mortgage Advice
To help buyers get onto the property ladder, many New Home Builders and Housing Associations now offer shared equity schemes, allowing more people to purchase their own home with only a 5% deposit.
With shared equity schemes, the Builder or Housing Association provides an equity loan (often interest free for the first 5 years) of between 10-25% of the property’s value, meaning you only need to obtain a mortgage for between 90% and 75%. You maintain 100% ownership of your home, and because you’ll have a smaller mortgage than you would have otherwise needed, your mortgage repayments will be lower too.
Because we play by the book, we would like to tell you that..
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE!
There may be a fee for mortgage advice. The actual amount you pay will depend upon your circumstances.
The fee is up to 1% but a typical fee is 0.3% of the amount borrowed.
Shared Equity Mortgages
We will provide you with your own dedicated mortgage advisor who will be with you from start to finish, ensuring you have all the assistance required to make your new home purchase as easy as possible. Your advisor will search the over 10,000 mortgage products and determine which option suits you best. They will complete all the paperwork with you, and also deal with the lender, solicitor and surveyor throughout the process, to ensure your home purchase is completed as smoothly as possible.
Mortgage Blogs
Read useful articles about mortgages, from expert advice and resources to all the latest industry news.
Reduce Homemoving Stress
There’s no denying that moving house is an exciting time - you’ve made the decision to do it, [...]
Finding Trustworthy Tradesmen
After spending plenty of time at home over the last few months, many people have turned to [...]
Working With Tenants
The current CQVID-19 PlanDemic has caused huge disruptions worldwide, with many people struggling to make ends meet [...]
Get In Touch
Our mortgage specialists are available to provide you with the advice you need face-to-face or, if more convenient, over the phone at a time to suit you.
