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Shared Ownership
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shared ownership |
schemes to help you buy your first home |
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Shared Ownership MortgageAs house prices rise, it is becoming increasingly difficult to step onto the property ladder – shared ownership schemes are specially designed to help people buy into their own home. This arrangement usually means that you buy a part of your home – E.G 50% - *with the option to extend to full ownership in the future. Such schemes are usually administered by a Housing Association and you would pay rent to them on the percentage that they own, (a service charge may also apply). This scheme is usually available to first time buyers only – although some do accept second time buyers also. Once you have a shared ownership property, Homebank™ can help you with your shared ownership mortgage needs. Shared ownership mortgage rates vary widely as they are usually regarded as more risky than other conventional loans, but we are committed to helping you find a competitive rate. One of our dedicated and professional mortgage brokers will take you through every step of the process – ensuring that you find the right shared ownership mortgage for you and your circumstances. * It is advisable to check that this is the case as obtaining a mortgage without this option can be difficult. For all shared ownership mortgage enquiries please call us on freephone 0800 052 3604 or Click Here to contact us. |
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The guidance and/or advice contained within the website is subject to the UK regulatory regime and is therefore primarily targeted at customers in the UK.
Homebank Financial Services Limited is an appointed representative of The Willow Tree Management Company UK Ltd which is authorised and regulated by the Financial Services Authority.Think carefully before securing other debts against your home.
Your home may be repossessed if you do not keep up repayments on your mortgage or other loans secured on it.
For mortgage related services the fee will typically be 1.79% of the mortgage advance applied for, minimum fee of �750. In addition, there may be a valuation administration fee of up to 0.7% of the loan amount. For example if you take out a loan of £50,000 you will need to pay a total of up to £1,245; comprising of the broker fee of £895 and the valuation administration fee of up to £350. This in addition to any commission we may recieve from the lender. Broker fees may be added to the mortgage.
Not all Buy To Let mortgages are regulated by the Financial Services Authority
Adverse Credit - The overall rate for comparison is 9.2% APR. The actual rate available will depend upon your circumstances. Ask for a Key Facts Illustration
Right To Buy Mortgages - The overall rate for comparison is 8.9% APR. The actual rate available will depend upon your circumstances. Ask for a Key Facts Illustration
CURRENCY MORTGAGES - CHANGES IN THE EXCHANGE RATE MAY INCREASE THE STERLING VALUE OF YOUR DEBT.
Homebank Financial Services Limited is entered on the FSA register under reference
number 464724, as an appointed representative of The Willow Tree Management
Company UK Ltd, who are also registered under the FSA register under reference
number 310569.
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Mortgage Experience
With over 3,500 mortgages available we'll help you find the most suitable mortgage rate for you
Wide mortgage Choice
Impartial advice, so you get the most suitable mortgage deal for your situation
Getting the most suitable mortgage rate is simple
Get us to do the work and we will find you the most suitable mortgage rate available for your chosen mortgage.
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