Types of Helps > Shared Ownership
Shared Ownership
Shared ownership is the term usually applied to purchases made with the help of a housing association or “registered social landlord”.
These schemes are useful if you cannot afford the whole cost of a property but would like to own a share (25% to 75%) and pay a subsidised rent on the other percentage owned by the housing association.
At some time in the future, you have the option of buying more of your share in the property, but at the market value at the time.
There are a number of lenders who are willing to lend on this basis.
Key workers living schemes may apply to you if you live in London or certain parts of South East England and are designated as a “Key worker”. Loans are available to help you buy. For more details visit the above link.
You may also remortgage if you are in an existing shared ownership or key workers scheme.
Contact us for more details >>
The overall cost for comparison is 7.2% APR. The actual rate available will depend upon your circumstances.
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Do you really want to make the biggest purchase of your life without talking to Bob Hope Mortgages first?
Call us now on 023 8060 0892 or 07889 669642
Think carefully before securing other debts against your home, your home may be repossessed if you do not keep up repayments on your mortgage.
We do not charge a fee for our advice, we receive commission from the lender.
The guidance and/or advice contained in this website is subject to UK regulatory regime and is therefore restricted to consumers based in the UK
Bob Hope Mortgages is an Appointed Representative of BDS Mortgage Group Limited
which is authorised and regulated
by the Financial Services Authority for Mortgages and Non-Investment Insurance,
FSA Number 301646
Bob Hope Mortgages is not authorized to give any advice in relation to investments or investment products
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