A step forwards
Shared Ownership
If you’re taking your first steps onto the property ladder, you may be considering different mortgage options and Shared Ownership could be a great fit to help you move forwards.
4.8 out of 5 based on 375 reviews
4.8 out of 5 based on 375 reviews
How can a Shared Ownership mortgage benefit me?
The Shared Ownership scheme can help buyers when securing a home for significantly less than the property’s value. For as little as 10%, you can purchase a share of a home, meaning that your deposit will also be lower.
Though you aren’t purchasing your property outright, you do have the opportunity to buy a larger share of the property when your financial circumstances improve.
Am I eligible for the Shared Ownership scheme?
There are a few criteria that you must meet to be eligible for the Shared Ownership scheme. You must be a first-time buyer or have previously owned a home but cannot afford a home now, or are an existing homeowner looking to move.
You must also have a combined household income below £80,000 a year (£90,000 in London).
If you have any questions about eligibility, you can speak to your local Douglas Allen agents today.
How do I find out more about Shared Ownership?
You can find out more about Shared Ownership schemes on the Government’s website or why not speak to your local mortgage experts?
Our in-house team of mortgage advisors are here to explain Shared Ownership mortgages in more detail, listen to your needs and find a solution that works for you. So, find your local mortgage advisor today!