Mortgage Chain are a shared ownership mortgage brokers and specialise in shared ownership mortgages for First Time Buyers. Some of our clients will tell us they have struggled to arrange the most competitive mortgage when purchasing their first home with a shared ownership mortgage

As a shared ownership mortgage brokers, we are aware of the large amount of different mortgage criteria, shared onwership mortgage deals and as a shared ownership mortgage brokers our goal is to pair you with the correct shared ownership mortgage lender, first time, so you do not need to waste time searching yourself! 

You may have started your own mortgage research but maybe you have been left unsure what all the mortgage criteria means and how it reflects yuor own criteria ? At Mortgage Chain we are shared ownership mortgage brokers and can help for new build shared ownership purchases, staircasing (buying more shares), purchase starting with a 25% share and know the lender shared ownership criteria inside out! We even have lenders that will lend upto 95% of your share on New Build Flats!

Mortgage Chain has access to a large selection  of shared ownership mortgages that allow you to purchase as little as 25% share in a sizeable housing association house; move straight in, and then increase your level of ownership over time.

The deposit amount is based on the amount of share purchased eradicating the need to have large deposits and Mortgages for a new home.

Overtime as employment prospects increase or your partner starts work for example, you can purchase your property in stages until you own the full amount.

The remaining share (that you do not own) you would pay a small rent to the housing association. This can be a fantastic solution to stay in the location you prefer and live in the property suited to your requirements.

To see if you qualify for a Shared Ownership Mortgage, please book a free, no obligation Shared Ownership Analysis Call with us to discuss your options.

Here is a list of critical items you must ensure are covered by the housing association that are selling the share. You can download this list as a PDF at the bottom of the list. Be sure to find out this information. 

How much is the rent going to cost ? Make sure you are provided with this information on how much rent is going to be charged on the % that is owned by the housing association.

How much are the service charges ? Make sure you are provided with this information on how much rent is going to be charged on the % that is owned by the housing association.

How much is the ground rent ? Make sure you are provided with this information on how much rent is going to be charged on the % that is owned by the housing association.

Does the housing association allow “Stair casing” ? Make sure you are provided with this information on how much rent is going to be charged on the % that is owned by the housing association.

Do they work with all the mortgage lenders ? Make sure you obtain a list of the mortgage lenders they work with as some have a list of lenders you can not use. Make sure we know who they are from the outset.

Are there any other associated costs or conditions ? Make sure you know every single cost associated with your purchase and any further charges should you increase your share later on.