If you are a first time buyer and looking to get onto the property ladder, you could use a shared ownership mortgage, whereby you buy 50% of a property and a mortgage lender buys the other half, for which you pay rent.
You will need to have certain information to hand in order to work out how much you want to spend before using a shared ownership mortgage calculator such as:
The deposit amount you have available
The interest rate you can get on your mortgage
The length of the mortgage you wish to take out
Details of all parties wanting to be included in the mortgage contract
Remember it is always worth getting at least three quotes in order to find the most competitive offers. By using our FREE Mortgage Quotes Form we can search the market to find the most suitable shared ownership mortgage rates for you, and an advisor can help you to work out how much your repayments would be.