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SHARED EQUITY

To help buyers get onto the property ladder, many New Home Builders and Housing Associations now offer shared equity schemes, allowing more people to purchase their own home with only a 5% deposit.

With shared equity schemes, the Builder or Housing Association provides an equity loan (often interestfree for the first 5 years) of between 10-25% of the propertys value, meaning you only need to obtain a mortgage for between 90% and 75%. You maintain 100% ownership of your home, and because youll have a smaller mortgage than you would have otherwise needed, your mortgage repayments will be lower too.

We will provide you with a handheld service and assist you from start to finish, ensuring you have all the help required to make your new home purchase as easy as possible. The advisor will search the whole of market for all shared equity mortgage products available and determine which option suits you best. The advisor and team will deal with all the paperwork, with you and also deal with the lender, solicitor and surveyor on behalf of you throughout the process, to ensure your home purchase is completed as smoothly as possible.