Mortgages Types > Shared Equity Mortgages > Shared equity mortgage rates

Shared equity mortgage rates

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There are some great value shared equity mortgage rates available through dozens of UK lenders - but it can be difficult trying to find the right one. First Mortgage is an independent broker that searches the whole of the market. We provide a totally impartial, completely FREE service that guarantees to find the best shared equity mortgage rates. If you manage to find better, we’ll happily refund the difference for a year!

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What is a shared equity mortgage?

If you’re trying to get a foot on the property ladder, but can’t afford the high prices, then you might want to consider a shared equity mortgage. This is a way to reduce the cost of purchasing a home by sacrificing a share of equity to purchase it. Usually, you can buy back the rest of the house at a later date. Until then, the lender will charge their SVR on the bulk of the loan, then offer reduced or 0% interest on the rest of the sum.

Shared equity mortgage rates...

Shared equity mortgage rates can be very reasonable. However, it’s not the right type of deal for everyone. It’s worth taking a look at some of the other options before making a decision:

- First time buyer - Favourable offers for people looking for that first step on the property ladder

- Poor/bad credit- Deals for people with bad credit history

- 100% - Perfect for those who can’t afford a deposit, but don’t mind paying higher interest

- 125% - Borrow more than the house value to pay for stamp duty, renovations etc.

- Self-certified - If you can’t prove income (for example, if you’re self-employed or an unsalaried director) this is an alternative option

- Homestake - Communities Scotland scheme to help people on a low income afford a house

- Right to buy - A government initiative that allows you to buy your council home at a discount price

Find low shared equity rates

Feel free to get in touch with us on 0845 603 1525. Our team of consultants are ready to offer advice and assistance on anything to do with any mortgage deal. We guarantee to find the best shared equity mortgage rates.



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