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Shared ownership Mortgages in the UK
The experts in shared ownership mortgages. Bad credit? Complex income? or Self employed? Get matched to a broker right for you and get the ‘yes’ you’ve been waiting for.
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Our passion is providing support and guidance to all our customers, especially those seeking Shared Ownership mortgage advice in Barry. Our focus extends beyond finding you a mortgage; we are dedicated to guiding you throughout the mortgage journey, supporting you every step of the way.
To speak with a mortgage broker in Barry, book your free mortgage consultation now
Shared Ownership Mortgage Advisor
Shared Ownership is a government-sponsored Help to Buy programme that was created to aid applicants who are in financial difficulty and cannot afford a full mortgage. The share you can purchase typically ranges from 25% to 75%. On some properties, you can purchase a 10% share and then pay the balance through rent.
The Housing Association/Builder who owns the remaining equity in the property will receive payment from you for this rent. Speaking with a Shared Ownership mortgage advisor in Barry may be helpful because the Shared Ownership programme can occasionally become complicated. By selecting the ‘Start now button on our website, you can quickly make a free mortgage appointment.
We must determine your eligibility before allowing you access to the programme. We advise you to look into other government programmes if you do not meet the requirements for this programme. First and foremost, we would suggest the Barry Help to Buy the Equity Loan programme as a fantastic first-time buyer’s option. The Shared Ownership Scheme requirements are listed below:
- You must be at least 18 years old to enter.
- Your annual household income isn’t allowed to exceed £80,000.
- You can’t buy a house off the market.
- To pass the affordability tests and credit checks, you must present proof of a good credit history.
We search 1000s of mortgage deals in Barry
Your Path to Homeownership Starts Here
How to get started - Our simple 4 step process
Step 1
Press 'Get approved' Below, the link will take you to a short form.
Step 2
We'll match you with a mortgage broker based in Barry.
Step 3
You're mortgage broker will contact you to discuss your mortgage options.
Step 4
If you're happy, we submit your mortgage application and guide you to completion.
We beleive
We believe homeownership should be accessible to everybody, that’s why we strive to work with our clients to find them a suitable mortgage.
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Common Questions
How does shared ownership work in the UK?
With a shared ownership mortgage, you can buy a portion of a property and pay rent on the remaining portion. A Shared Ownership mortgage is available for 10% to 75% of the value of the property. You would pay rent on the remaining 35% of the property if you took out a mortgage on the remaining 65% of it, for example.
How much deposit do I need for shared ownership in the UK?
You only need to make a deposit on this sum because you are getting a mortgage on a portion of the property. Your deposit on a share of 10%–75% of the property price will be less expensive than a deposit on 100% of the property price if the minimum deposit you are required to make is 5%.
Do I need a mortgage for shared ownerhsip?
You’ll make monthly payments to pay off Shared Ownership, which is a mortgage in and of itself. You will also be responsible for paying the housing association’s rent on the remaining portion of the property.
You must be a first-time buyer and cannot already be the owner of another property in order to use shared ownership. It’s also crucial to keep in mind that you can only apply for a Shared Ownership mortgage on a brand-new, leasehold property.
What is the minimum income for shared ownership in the UK?
You must be at least 18 years old and have a household income of less than £80,000 to be eligible for shared ownership in Cardiff. You may not qualify for the programme if your income is higher than this.
Why is a shared ownership mortgage broker?
As a UK mortgage broker, we have helped numerous applicants who want to use the Shared Ownership programme to buy their first home. The best option for your financial situation can be found by looking into this and other Help to Buy mortgage programmes with the assistance of our advisors. If you have bad credit, we can help you find the best lender.
Why Choose us - Shared Ownership mortgage Barry
We have a large variety of lenders on our panel that each have their own distinct Shared Ownership mortgage products and lending criteria. This frequently implies that we have access to things that aren't commonly found on the high street. Whatever your scenario, our incredible team of certified Shared Ownership brokers in Barry will use their expertise to try and save you both time and money by finding you the best possible deal for your circumstances.
Take a look at our great client reviews to get a true sense of the high levels of customer service we constantly aim to deliver. We will always keep you up to date and strive to deliver you a stress-free Shared Ownership advice service, whether you've just gotten in touch, are in the middle of it with a Shared Ownership mortgage broker in Barry, or are in the advanced stages chatting with one of our mortgage administrators, we can help.
As a timely and quick Shared Ownership mortgage Broker in Barry, we will provide complete support and direction throughout your Shared Ownership mortgage procedure. We will do everything possible to alleviate any anxieties you may have throughout our service and will answer all of your questions as thoroughly as possible. We truly hope that you will find us useful during your process, as we are adaptive to your Shared Ownership mortgage requirements.
When you deal directly with a bank or lender, you will have far less options than if you speak with a Barry Shared Ownership mortgage broker. Banks and other lenders will only have access to their own deals and products, however we can search through 1000s of deals across our panel, selecting the best one for you and your circumstances.
Our professional and devoted Barry Shared Ownership mortgage and protection brokers is well-versed in various lenders' requirements and products. As a Barry Shared Ownership mortgage Broker, we can look around for these packages, completing the legwork on your behalf. This saves you time and money by avoiding the need to speak with different lenders.
Overcoming any Shared Ownership mortgage obstacles that arise can be difficult at times. At this point, you should consult with a reliable and trusted Shared Ownership mortgage advisor.
Customers with a low credit score, being self-employed, falling outside of lender criteria, and having a low borrowing capacity, to name a few. While challenges exist, as a Shared Ownership mortgage advisor, we can typically assist.
Our Shared Ownership mortgage Advisers have assisted a wide range of consumers in a variety of situations. We give comprehensive Shared Ownership guidance in a variety of situations by leveraging our extensive understanding of Shared Ownership lender criteria.
We offer a free mortgage appointment to all of our customers, new and old, as a well-known Shared Ownership mortgage Broker in Barry with a reputation for being open, honest, reliable, and responsive.
During this appointment, your designated Shared Ownership mortgage Advisor will review your situation and discuss your goals. Our customers are our top priority, and as a mortgage broker in Barry, we'll make sure to recommend the greatest available deal to you while also relieving your stress.
Request your free Shared Ownership mortgage review today, and we'll see how we can assist you on your mortgage journey!
EM Wales is a trading style of Estates Mitchell Limited is Authorised and Regulated by the Financial Conduct Authority under Registration Number 948488 at www.fca.org.uk/Register
The Financial Conduct Authority does not regulate all aspects of Commercial and Buy to Let Mortgages.