Shared ownership mortgages |
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Specialists in morgages for people needing shared ownershipShared Ownership We arrange shared ownership remortgages to enable owners to release equity from the increased value of their share. The funds can be used for any purpose. We no longer arrange shared ownership mortgages for first buyers to purchase a property. If you do require this service please ask your Housing Association for help. The remortgage scheme offers up to 100% of the current value of your share. For example if your property is worth £250,000 on the open market and you purchased a 50% share a few years ago for £75,000 then you can remortgage up to £137,500 subject to status. The concept of remortgaging must be approved by your Housing Association because certain changes must be made to your lease to reflect the new mortgage amount. We can help you with what to ask your Housing Association and then your solicitor deals with the legal formalities once you have your mortgage offer. The interest rate for the remortgage is a tracker variable currently less than 6% with no redemption penalties. This rate may well be less than you are paying now as the average standard variable rates with lenders is around 6.75%. Unfortunately adverse credit of any type is not acceptable. To enquire about a shared ownership remortgage go to the enquiry button and then enter the form page via the Shared Ownership Mortgages button. |
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100 percent mortgage | Adverse credit mortgages | Adverse credit remortgage | Adverse mortgages | Adverse remortgage | Bad credit mortgage | Debt consolidation mortgage | Impaired credit mortgages | Non status mortgage | Poor credit mortgages | Self cert mortgage | Self certified mortgage | Self employed mortgage | Shared ownership mortgages |
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