Shared Ownership Mortgage Lenders

Shared Ownership Mortgage lenders offer mortgage loans on a part buy/part rent scheme. Since the government introduced several initiatives aimed at helping people get on to the property ladder, there are many new specialist shared ownership mortgage lenders on the market.

They are often a popular choice for first time buyers and represent an attractive investment for the lender, mainly as the mortgage holders are not likely to be part of a chain so there is less risk of the sale falling through. However, before shared ownership mortgage lenders accept you, you may have to fulfil certain criteria, such as:

The scheme must be through a registered social landlord
The lease must contain an adequate mortgagee protection clause
The initial share purchased must usually be at least 25%

It is advisable to get independent financial advice before making any decision and it is a good idea to also get a number of different quotes to see who could offer you the best deal. Fill in our FREE mortgage quotes form, and an experienced advisor will contact you with details of the best options for your personal circumstances.

Initial Rate	Type	Period To	Provider	The Overall Cost For Comparison APR	LTV
3.99%	Fixed	Jan 2010	Woolwich (Barclays)	5.00%	60%	More
4.19%	Fixed	Jan 2010	Northern Rock	6.00%	65%	More
4.39%	Fixed	Dec 2010	Premier Mortgage Service	5.00%	65%	More
4.39%	Standard	Jan 2011	Cheltenham & Gloucester	5.00%	75%	More
4.39%	Standard	Jan 2011	Lloyds TSB Scotland	5.00%	75%	More
4.49%	Fixed	Dec 2010	Alliance & Leicester	7.00%	60%	More
4.59%	Discount	Dec 2011	Newbury Building Society	5.00%	75%	More