Shared Ownership Mortgages
Typically, clients we successfully assist with shared ownership mortgages tell us of the difficulty they have experienced in trying to arrange the most competitive mortgage finance on the home they wish to purchase under the shared ownership scheme. Often they express their frustration in finding an appropriate lender, given the thousands of mortgages advertised nationally and the restrictions some lenders apply to loans on shared ownership purchases. They are aware of the array of different comparison websites, direct lender deals and all the numerous brokers. They usually have seen some of the products which are available, but are concerned by all the additional charges made by lenders, increasing the overall costs on a mortgage deal. They usually have undertaken their own detailed homework but are sometimes left unsure how to conclude their mortgage search.