Get onto the Property Ladder with a Shared Ownership Mortgage
Get onto the Property Ladder with a Shared Ownership Mortgage
Homeownership can seem like a distant dream for many people, however the government has launched several schemes to help people own their homes such as the Help to Buy scheme or the Shared Ownership scheme.
What is Shared Ownership?
This is where you can buy a share of the property, starting from 25%, and then rent the remaining share. For example if a property is valued at £200,000 you could buy a 40% share valued at £80,000 and then pay rent on the remaining 60% that you don’t own. When people buy their share they tend to put down a small deposit and then require a mortgage to complete their share purchase.
Where are Shared Ownership properties available?
You can find properties for sale by visiting property portals such as Rightmove, Zoopla. There is a website called Share to Buy which specifically shows only shared ownership properties for sale. On these websites you can register your details, so you can then be notified of new properties that become available within your criteria.
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Get onto the Property Ladder with a Shared Ownership Mortgage

Product Name: Mortgages
Product Description: Get onto the Property Ladder with a Shared Ownership Mortgage
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