Shared Equity Mortgages
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Shared equity mortgages allow the borrower to pay lower monthly fees on a property in exchange for the lender taking a share of the equity. There are over a hundred companies in the UK that offer shared equity mortgages, making it confusing and difficult to find the right deal. First Mortgage can source the right mortgage for you. We are so confident that we can find the lowest rate that if you find a better deal we’ll happily match it - and pay double the payment difference for the first year!
Apply for a shared equity mortgage with First Mortgage now
What is a shared equity mortgage?
Shared equity mortgages are useful for people who can’t afford the full cost of a new home, but don’t mind sacrificing a share of equity to purchase it. Usually, the lender charges normal interest rates on the bulk of the loan, then offers reduced or 0% interest on the rest of the sum. The repayment is therefore less than an unsecured loan, and the lender receives the rest of their money back upon sale of the property.
Other mortgage types...
As well as shared equity mortgages, you can find a range of other mortgage types that might suit your needs, including:
First time buyer mortgage - Find special offers and deals to help you get on the property ladder
Poor/bad credit mortgages - No matter what your financial history, you can usually find a mortgage deal to suit you
100% mortgages - deals that require no deposit
125% mortgages - Borrow more than the house value to pay for stamp duty, renovations etc.
Self-certified mortgages - A different way to arrange a mortgage if you are unable or unwilling to prove income
Homestake - Government scheme to help people on a low income afford a house
Right to buy - An initiative that allows you to buy your council home at a discount price
Council house purchase - Purchase a council house
Call us on 0845 603 1525 for a free consultation with one of our friendly and experienced consultants. We are more than happy to discuss your situation and help you choose the best shared equity mortgage or other mortgage to suit your needs.
Get quotes prepared fast and easy from our award winning brokers starting, with our smart online form. Quote request
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Guaranteed!
With a whole of market choice that simply won't be beaten, find better and we happily match this while refunding TWICE the first years payments difference - guaranteed!
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First Mortgage, the UK’s specialists in sourcing mortgages, remortgages and protection plans, are actively encouraging clients in Scotland (...)
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