For many, shared ownership is a great way of getting your foot on the housing ladder. Offered on either new homes or available through housing associations on the second-hand market, generally the shares offered are between 25% and 75% of the property value. In some cases, there is an option to buy a larger share as your income increases or if you want to move you can sell back your share to the next buyer.
Our friendly mortgage advisors are experts in shared ownership and the first home scheme. We take great pride in helping our clients purchase their own homes and would welcome a call to discuss which scheme is suitable for you.
As an approved Help to Buy Broker, we offer:
For further information see: https://www.helptobuy.gov.uk/shared-ownership/
21 Jul 2023
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21 Nov 2021
Getting a foot on the property ladder is becoming more and more difficult for people of all ages. Not only is the price of property in many parts of the UK continuing to rise, but the majority of businesses still only pay their employees minimum wage, so many fear that they will never be able to own their own home.
The Help to Buy scheme allows first-time buyers to purchase a new-build property with just a 5% deposit.