Shared equity mortgage advice
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Are you searching for impartial shared equity mortgage advice?
Our team of experienced consultants is on hand to answer any questions you may have and help you find the best deal on the market. We look through hundreds of offers for the best rates and terms. Call us on 0845 603 1525 for more mortgage advice and assistance.
What is a shared equity mortgage?
With a shared equity deal you buy a percentage of your new home while a local authority or landlord purchases the rest. This means that you effectively rent the rest of your house until you can afford to buy the percentage back. 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.
More shared equity mortgage advice…
As well as shared equity mortgages, you can find a range of other mortgage types that might suit your needs, including:
LIFT – Scottish Government scheme to help people on a low income afford a house
Family equity loan plan - Shared equity scheme with parents or close family members
First time buyer – Find special offers and deals to help you get on the property ladder
Poor/bad credit – No matter what your financial history, you can usually find a deal to suit you
100% mortgages – deals that require no deposit
Self-certified – A different way to arrange a deal if you are unable or unwilling to prove income
Right to buy – An initiative that allows you to buy your council home at a discount price
Council house purchase – Purchase a council house
Find shared equity mortgage advice
Call us on 0845 603 1525 for more shared equity mortgage advice. Our team is on hand answer any questions that you may have and help you find the best deal on the market.
The overall cost for comparison is 6.6% APR. The actual rate will depend on your circumstances. Ask for a personalised illustration.
Get quotes prepared fast and easy from our award winning brokers starting, with our smart online form. Quote request
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- Your own dedicated mortgage advisor manages your application from start to finish.
- We do all the paperwork and work with lenders to ensure everything goes smoothly.
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- Specialist help for first time buyers and homemovers with Property Law Centre
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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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A first class service and will recommend them to all my friends - E Klimek
Thank you so much for guiding me through all stages with expertise, you filled me with so much confidence - D More
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