What am I entitled to when I have a shared ownership lease?
When you buy a house using a shared ownership mortgage scheme, the housing association will usually grant you a lease of around 99 years. You can then live within your home as an owner-occupier where you are entitled to further shares, which should be set out within your shared ownership arrangement. It also states, that you are entitled to sell your property.
The shared ownership scheme will also set out what your responsibilities are for repairs and payments and any service charges you are expected to pay. Although you will not own the property out-right, you have the normal rights and are liable should you not be able to meet the repayments of your shared ownership mortgage.
Click n go Mortgage can advise you on all aspects of a shared ownership mortgage and leasing terms, so contact us now for impartial advice on what is the best mortgage for you.
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.
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23/02/09
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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.
27/01/09
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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.
22/01/09
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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.
21/01/09
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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.
20/01/09
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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.
19/01/09
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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.
15/01/09
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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.
14/01/09
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How do i go about buying a Shared Equity property?
My partner and I are lowly first time buyers with a few savings, certainly not enough for a deposit. We rent our slightly shabby 2 bed house, which I long to decorate but don’t want to add value, and are slowly but surely paying off our landlords’ mortgage.
12/01/09
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Buyers are suspicious of Shared Equity Schemes
It's certainly going to be a tough time for first time buyers in 2009. We still get a hundreds of people asking "Can we still get a 100% mortgage". The answer is not for a property on the open market. But you can still buy a house without a deposit with a Shared Equity mortgage.
09/01/09
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Shared Equity Housing market to be re-energised by goverment initatives.
Shared equity schemes seem to be the perfect way for developers and the goverment to get the hosing market moving again.
