Let us find the juiciest quote for you
What is a shared equity mortgage deal?
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. They are particularly useful if you’re looking to get on the property ladder for the first time, but can’t afford the steep prices. 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.
Shared equity deals and other mortgage types...
As well as shared equity mortgage deals, you can find a range of other mortgage types that might suit your needs, including:
First time buyer - Get a foot on the property ladder with special offers
Poor/bad credit - Even if you have bad credit history (CCJs, defaults, arrears, bankruptcy etc) we can find a deal for you
100% - If you can’t afford a deposit
125% - Borrow an extra 25% on top of your property value in order to pay for stamp duty, legal fees, removals etc
Self-certified - A different way to arrange a mortgage if you are unable or unwilling to prove income
Homestake - Available in Scotland only, this initiative helps people on a low income afford a house
Right to buy - Government scheme that allows you to buy your council home at a discount price if you have lived in it for at least two years
Council house purchase - Purchase a council house
For more information, advice and assistance, fee free to call us on 0845 603 1525. We are more than happy to discuss your circumstances and help you choose the best shared equity mortgage for your needs.
Get quotes prepared fast and easy from our award winning brokers starting, with our smart online form. Quote request
Unsure where to start? Call our advice team now for free, impartial, experienced advice. Call us
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!
One shop - every lender - FREE whole of market advice!
Find out more
First Mortgage, the UK’s specialists in sourcing mortgages, remortgages and protection plans, are actively encouraging clients in Scotland (...)
Find out more
Fill in the form and our expert advisors will call back at a time to suit you :