First Time Buyer, Mortgages

Shared ownership can be an affordable way of getting on the property ladder.

The scheme is a part-buy, part-rent scheme.

You co-own the property with a housing association, often a new build, and will be charged a rental on a portion of the property.

If you use the initiative, you need to buy between 10% and 75% of the property. You can then buy more shares until you own 100%.

A deposit of 5% is required to secure the home and fund your share using a shared ownership mortgage.

This scheme allows the buyer more security of tenure, allowing for you to work towards full ownership as circumstances change.

For more information feel free to reach out.  Our consultations are free:  hello@mtge.uk