Shared Ownership Mortgage Schemes

Thanks to UK house prices and tightening lending criteria, it is harder than ever to get onto the property ladder. Shared ownership mortgage schemes are one way of helping first time buyers get their own property. Low paid professionals, such as teachers, nurses and firemen, or key workers, are the types of people who would qualify for shared ownership mortgage schemes. The shared ownership mortgage schemes – also known as HomeBuy schemes, currently being offered include:

New Build HomeBuy - this is where you purchase a percentage of your home from a Housing Association
Open Market HomeBuy - when the Government gives a low interest loan to help you meet the cost of your prospective property
Social HomeBuy – suitable for housing tenants; they are given a Government loan to help them buy their existing own home on a shared ownership basis

There is lots of information available for those interested in shared ownership mortgage schemes but to get FREE independent advice, simply fill in our online mortgage form and an experienced advisor will contact you with the option available to you, whatever your 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