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Shared Mortgages

Shared mortgages or ownership mortgage schemes are used for part buy, part rent schemes – this is commonly known as shared ownership. In the majority of cases, this type of mortgage scheme is popular with first-time buyers because they need only find a small proportion of the deposit and mortgage amount. Taking out shared mortgages means you are actually buying a percentage stake in a property, meaning you will not be entitled to all of the equity growth should the housing market rise. Benefits of taking out shared mortgages include:

A good way to get onto the property ladder
Ideal for first time buyers
Could save you getting a 100% mortgage
Share the cost between you and your partner or friend

Shared mortgages schemes vary from lender to lender so it is worth getting a number of quotes. Use our Mortgage Quotes Form to find the best deals on the market and compare quotes from the widest range of providers.

Initial Rate	Type	Period To	Provider	The Overall Cost For Comparison APR	LTV
4.99%	Fixed	Sep 2010	Principality Building Society	7.20%	60%	More
4.99%	Discount	Oct 2010	Lloyds TSB Scotland	7.20%	75%	More
4.99%	Discount	Oct 2010	Cheltenham & Gloucester	7.20%	75%	More
4.99%	Fixed	Dec 2010	Cheltenham & Gloucester	7.20%	75%	More
4.99%	Fixed	Dec 2010	Lloyds TSB Scotland	7.20%	75%	More
5.09%	Fixed	Sep 2010	Principality Building Society	7.20%	75%	More
5.19%	Offset		First Direct	6.20%	80%	More