Shared Equity Mortgages
What is a Shared Equity Mortgage Scheme?
» A Shared Equity Mortgage is the basis for the 'Open Market HomeBuy' directive as set up by the Government.
» A Shared Equity Scheme allows you to buy 75% of a property and get a mortgage on the remaining 25%.
» The remaining 25% is provided as an equity loan from the mortgage lender and the Government.
» The property that you choose can be one from the open market, but this is subject to the HomeBuy Agent's approval.
» The Equity Loans are fully repayable following the sale of the property and after 5 years there will be interest to pay on the lender's equity loan.
Who is eligible for a Shared Equity Mortgage?
If you are an existing council tenant, housing association tenant, on a waiting list for council accommodation, a key worker or seen as a priority first time buyer, then you are eligible to apply for the shared equity scheme.
About Shared Ownership Mortgages
Click n go Mortgages can find the right Shared Ownership Mortgage for you. We will ahelp you to compare the Shared Ownership Schemes available and make sure that the you can find the most affordable Shared Ownership Mortgage for you. We can also advise you on where you can find a Shared Ownership Property. Our service comes from years of experience, which guarantees that you will get the best possible advice.
Shared Ownership Mortgage Hints & Tips
Checkout our Mortgage Tool Kit, it has all the resources and information to help buy and locate your next property.
New Build HomeBuy Mortgages
Social HomeBuy Mortgages
Shared Ownership Mortgages Staircasing
Shared Ownership Mortgages Glossary
Shared Ownership Mortgages Resources
Shared Ownership Mortgages - Why Use Us
Shared Ownership Mortgages News
Shared Ownership Mortgages Basics
Shared Ownership Mortgages Guide
Shared Ownership Mortgages Types
Shared Ownership Mortgages Lease Entitlements
Shared Ownership Mortgages FAQs
Shared Equity Mortgages
Key Worker Mortgages
Shared Ownership HomeBuy Mortgages
Open Market HomeBuy Mortgages
Thu, 03 Jun 2010 11:17:36
Comments
New Government urged to maintain Shared Ownership funding
Twenty one of the leading providers of shared ownership and affordable homes have come together to ensure that the new coalition government maintains spending.
With shared ownership giving so many people the chance to get onto the property ladder, the 21 leading housing associations have written to the new Chief Secretary to the Treasury, David Laws, and the new Housing Minister, Grant Shapps. They are urging the new government to recognise the role that shared ownership now plays in the housing market and the value for money that it offers.
Mon, 23 Feb 2009 18:09:52
Comments
Shared Ownership Mortgage Deals
Take the Shared Ownership Mortgage challenge with Click n go Mortgages, we are leading Shared Ownership Mortgage Broker based in Kent and service the whole country we access the whole of the Shared Ownership market to find the best Shared Ownership Mortgage that's right for you - take a look at some of the deals we found for our happy clients.
Tue, 27 Jan 2009 11:54:42
Comments
Mortgage lending increases for home buyers.
In these tough times its hard to get a mortgage, there was 22,051 mortgages approved in December an increase on November’s figures according to the British bankers association. For those lucky ones who have managed to get a mortgage it’s just as important to protect your self against losing your home.
Thu, 22 Jan 2009 13:41:17
Comments
Shared Ownership latest mortgage deals rates and lending criteria
With Rightmove reporting increased demand for houses and property listings at an all time low. First time buyers are struggling to save the deposits which lenders are currently insisting on to purchase in today’s market. So the alternative is to buy via a Shared Ownership scheme.
Wed, 21 Jan 2009 15:26:55
Comments
Mortgage Lending ‘fell by 30% last year’
There was huge contraction in the amount of mortgage lending in 2008. The credit crunch has swept through the housing market and all but obliterated most of the mortgage deals that were available in 2007.
Tue, 20 Jan 2009 11:26:45
Comments
Government announces second round of measures to provide new lending
Banks need to use these facility's to help breath life into the failing housing market as First time buyers and home movers continue to window shop.
Mon, 19 Jan 2009 14:29:37
Comments
House hold demand in the pipe line
When the market does turn, first time buyers will re-enter the market, driven by the renewed affordability of owning over renting. With lenders cautious on loan to value ratios, there will be new types of shared ownership and shared equity schemes to be in high demand.
Thu, 15 Jan 2009 11:42:24
Comments
Mortgage lending continues to fall
The Council of Mortgage lenders (CML) have reported that their was only 33,000 new loans granted in November, that's a 17% reduction compared with last month. First time buyers are finding that they have to put down a large deposit. On average a first time buyer has to put down an 18% deposit of the properties value.
