Types of Helps > Shared Ownership

Shared OwnershipShared 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 5.5% APR. The actual rate available will depend upon your circumstances.
Ask for a personalised illustration.

 

Remember. Mortgages are personal to you - your circumstances, your lifestyle and your budget.

Do you really want to make the biggest purchase of your life without talking to Just Finance UK Ltd first?

Call us now on 01227 791679 (Kent) or 07879 606854 (Hampshire)

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

Just Finance UK Ltd is an Appointed Representative of BDS Mortgage Group Limited which is authorised and regulated by the Financial Services Authority, number 301646.

Just Finance UK Ltd is registered in England and Wales with company number 4111215

Just Finance UK Ltd is not authorised to give any advice in relation to investments or investment products


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