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Shared Ownership Mortgages
Why specialist advice really matters
Caveat
Shared ownership, made simple.
Not All Mortgages Are the Same
Shared Ownership mortgages work differently from standard residential mortgages. The structure is more complex, fewer lenders offer them, and the criteria can be stricter. This is exactly why specialist mortgage advice exists.
The honest truth:
You could try to navigate this yourself, but you’d likely spend weeks researching lenders only to find many don’t offer what you need. We already know who does and will match you with the right one.
How Shared Ownership Mortgages Differ
Not All Lenders Offer Them
Only certain lenders provide Shared Ownership mortgages. Some high-street banks don’t, which is why specialist advice really helps.
You're Borrowing on a Share
Your mortgage is based on the share you’re buying (e.g., 25% of £300,000 = a £75,000 share), not the full property value.
Affordability Is Assessed Differently
Lenders consider your mortgage payment and the rent you’ll pay to the housing association when assessing affordability.
Lease Considerations
Your property is leasehold, so lenders check the lease length and terms before approving your mortgage.
Why Specialist Advice Really Helps
We Know Which Lenders to Approach
Not all lenders do Shared Ownership mortgages. We work with those who do, saving you time and improving your chances of approval.
We Understand Complex Situations
Self-employed? Previous credit issues? First-time buyer? We know which lenders are flexible and which criteria matter most.
We Explain It Clearly
Shared Ownership mortgages can feel confusing. We break down the jargon and make sure you’re confident in your decision.
We Handle the Heavy Lifting
We submit your application, chase lenders and keep you updated throughout, so you can focus on finding your home.
Common Misconceptions
Myth: Shared Ownership mortgages are more expensive
Reality: Not necessarily. Interest rates are comparable to standard mortgages. It’s more about finding the right lender for your situation.
Myth: You can't remortgage later
Reality: You absolutely can. Many people remortgage to get better rates or to buy more shares (staircase).
Myth: Only first-time buyers can get them
Reality: While first-time buyers are common, previous homeowners can also qualify if they can’t afford to buy outright.
Myth: You need a perfect credit score
Reality: You will need to meet the criteria of the scheme where you are purchasing. A good credit history helps, but historic blips on your file do not necessarily mean you cannot proceed — we take this into account when recommending a lender.
How We Help You Get Your Mortgage
Affordability Assessment
We calculate what you can borrow and what your monthly costs (mortgage + rent) will be.
Decision in Principle
Once you’ve reserved a property, we apply for mortgage pre-approval so we can confirm to the Housing Association that you can proceed.
Full Mortgage Application
When the Housing Association issues the Memorandum of Sale, we submit the full mortgage application.
Offer & Completion
The lender issues a mortgage offer, and we guide you through to completion and moving in.
You Don't Need to Be an Expert
Shared Ownership mortgages can feel overwhelming, but that’s exactly what we’re here for. You don’t need to understand every detail; we handle that. Our job is to make this process simple, clear and stress-free for you.
We’ll explain everything in plain English, recommend the right lender for your situation and handle the application from start to finish. All you need to do is ask questions and make informed decisions.
Important: Your home may be repossessed if you do not keep up repayments on your mortgage.
We'll Guide You Through It
Working with housing associations is part of Shared Ownership, and we’re here to help you understand every step.