Shared Ownership

Shared ownership is increasingly popular, especially in areas such as the South East and London. By purchasing part of the property and paying rent to the Housing Association or Local Authority that owns the other part, people can afford to get on the property ladder even in areas where prices are high.

Our advisers are experienced on shared ownership schemes. They will help you arrange a mortgage under a Housing Association scheme, or buy back part of the equity if you are already in a scheme.

As the scheme is designed for people who cannot afford to buy their own homes, there are certain criteria that apply and we will be pleased to discuss these with you.

Sometimes existing tenants or those waiting for property are given priority to purchase. As well as your share of the mortgage (which is usually 50%, but can be higher or lower) you will have a lease agreement with your social landlord. We will advise on insurances, what type of legal advice you need to have, and other costs such as stamp duty, all of which should be taken into consideration when you enter the scheme.

Whether you are already own part of your home and are looking to purchase more of the equity, or you are considering entering into a Shared Ownership agreement, get in touch and benefit from our expertise.

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The Mortgage Specialists is a trading style of Stephen McCarthy who is an Appointed Representative of Ingard Financial Ltd which is authorised and regulated by the Financial Conduct Authority No 450731. Think carefully before securing other debts against your home.

Your home may be repossessed if you do not keep up repayments on your mortgage.

Ingard Financial Ltd, First Floor, Maple House, Park West, Sealand Road, Chester CH1 4RN.

The guidance and/or advice contained within this website is subject to the UK regulatory regime and is therefore primarily targeted at consumers based in the UK.