Mortgages

First Time Buyers

Buying your first home is an exciting journey, but it can also feel overwhelming. We’re here to guide you every step of the way, making sure you get the support you need to secure the best mortgage for your circumstances.

Why Choose Us?

We understand that stepping onto the property ladder for the first time can come with many questions and uncertainties. Our team specializes in helping first-time buyers navigate the entire process, from initial advice to completion, ensuring you feel confident and informed throughout.

How We Help First-Time Buyers:

  • Personalized Advice:
    We start by understanding your unique financial situation, preferences, and future goals. We then match you with mortgage options that are right for you. Whether you have a large deposit or need help with lower-deposit schemes, we’ll find the solution that works for you.
  • Understanding Government Schemes:
    There are several government schemes designed specifically for first-time buyers, like Help to Buy and Shared Ownership. We’ll explain these schemes in simple terms and guide you on whether they could benefit your situation.
  • Step-by-Step Guidance:
    The mortgage process involves various stages, from decision in principle to final completion. We break down each step, helping you understand what to expect and ensuring nothing gets overlooked. We’ll also handle communication with lenders, solicitors, and other parties on your behalf.
  • Mortgage Affordability Assessment:
    Knowing how much you can borrow is key to your property search. We’ll work with you to assess your affordability based on your income, spending habits, and financial commitments, giving you a clear idea of your budget.
  • Access to Exclusive Deals:
    As a mortgage broker, we have access to deals not available on the high street or directly through lenders. We can help you secure competitive rates and favourable terms that may not be accessible otherwise.

Common Challenges First-Time Buyers Face

  • Understanding the Jargon:
    We simplify complex terms and industry jargon so you feel fully informed and in control.
  • Saving for a Deposit:
    Not sure how much deposit you’ll need or what’s realistic? We can provide guidance on the best strategies for saving or explore low-deposit options.
  • Credit History Concerns:
    Worried about your credit score or any issues in your credit history? We offer expert advice on how to improve your situation and find lenders that cater to first-time buyers with less-than-perfect credit.

Why Work with Us?

Our expertise and dedication to first-time buyers mean that we’re not just securing a mortgage; we’re helping you achieve a milestone in your life. With our friendly, transparent approach, we aim to make the process as smooth and stress-free as possible.

Important Information:

  • Fees:
    Our services may involve a fee, which will be clearly discussed and agreed upon during your initial consultation. We believe in transparency, so you’ll always know the costs upfront.
  • Risk Warning:
    “Your home may be repossessed if you do not keep up repayments on your mortgage.”

Ready to take the first step? Get in touch for a free consultation, and let’s explore your options together.

Re-Mortgages

Your mortgage is likely your biggest financial commitment, so it’s crucial to regularly review it to ensure it remains the best deal for your needs. We can help you explore better rates, unlock equity, or adjust your mortgage to suit your changing circumstances.

What is Re-Mortgaging?

Re-mortgaging simply means switching your existing mortgage to a new deal, either with your current lender or with a new one. This is typically done when your fixed or discounted rate ends, but it can also be a smart move if your financial situation has changed or if you want to borrow additional funds.

Why Re-Mortgage?

  • Get a Better Interest Rate:
    One of the most common reasons to re-mortgage is to secure a lower interest rate, potentially reducing your monthly payments. With interest rates always changing, it’s worth reviewing your mortgage regularly to see if there are better deals available.
  • Unlock Equity:
    If your property has increased in value since you bought it, you might be able to release some of that equity. This can be useful for home improvements, debt consolidation, or other major expenses. We’ll help you assess the pros and cons of releasing equity so you can make an informed decision.
  • Switch to a More Suitable Mortgage:
    Your financial situation may change over time. Whether you want more flexibility with an offset mortgage or need a longer-term fixed rate for stability, we’ll guide you through the options that best suit your goals.
  • Consolidate Debts:
    If you’re juggling multiple debts, a re-mortgage could be used to consolidate them into a single monthly payment, often at a lower interest rate. We’ll discuss the implications to ensure it’s the right move for you.

What to Consider Before Re-Mortgaging?

  • Early Repayment Charges:
    Some mortgages have early repayment charges that could apply if you switch before your current deal ends. We’ll check for any fees and calculate whether it’s still worth switching.
  • Affordability Checks:
    Even if you’re simply moving to a better deal, lenders will typically assess your income and outgoings again. We’ll guide you through the application process and help present your case in the best light.
  • Costs Involved:
    Re-mortgaging may involve legal fees, valuation fees, and arrangement fees. We’ll help you factor these into your decision and explore deals where these costs are minimized or covered by the lender.

Why Choose Us?

  • Access to a Wide Range of Lenders:
    We work with a broad range of lenders, from major high-street names to specialized providers, allowing us to find deals that are tailored to your specific needs.
  • Expert Guidance and Transparency:
    We pride ourselves on making the re-mortgage process straightforward. We’ll break down all the key factors so you can understand the costs, benefits, and any potential risks involved. There are no hidden surprises—just clear, honest advice.
  • Ongoing Support:
    Even after your re-mortgage is complete, we’ll continue to check in and ensure your mortgage remains the best fit for you over time. When it’s time to review again, we’ll be right here to help.

Important Information:

  • Fees:
    Our re-mortgaging services may involve a fee, which will be clearly outlined during your initial consultation.
  • Risk Warning:
    “Your home may be repossessed if you do not keep up repayments on your mortgage.”

Ready to see if re-mortgaging could save you money or improve your financial position? Get in touch with us today for a free, no-obligation chat about your options.

Product Transfers

A product transfer can be a convenient way to secure a new mortgage deal with your existing lender without needing to switch providers. It’s often a quick and straightforward option if your current mortgage rate is ending, and you want to avoid any disruption.

What is a Product Transfer?

A product transfer involves moving from your current mortgage deal to a new one with the same lender. You’re essentially staying with the same provider but switching to a new rate or product that better suits your needs. This process can be simpler than re-mortgaging because it usually doesn’t require a full affordability check or a new property valuation.

Why Consider a Product Transfer?

  • Quick and Hassle-Free:
    A product transfer is often the fastest and least disruptive way to secure a new mortgage deal. Since you’re sticking with your current lender, there’s usually less paperwork and fewer checks involved, allowing you to switch products quickly.
  • Avoid Early Repayment Charges:
    If you’re happy with your current lender but your fixed term is ending, a product transfer lets you switch to a new deal without triggering early repayment charges or additional legal fees.
  • No New Credit Checks:
    Unlike re-mortgaging with a new lender, a product transfer usually doesn’t require a fresh credit check. This can be beneficial if your financial circumstances have changed or if you’re concerned about your credit score.
  • Staying Loyal with Added Benefits:
    Some lenders offer loyalty incentives for staying with them, such as reduced fees or access to exclusive rates. We’ll help you assess whether these deals truly benefit you compared to other options.

What to Consider with Product Transfers?

  • Rate Comparisons:
    While product transfers can be convenient, they might not always offer the most competitive rates. We’ll help you compare your lender’s offers with what’s available across the market to ensure you’re getting the best deal.
  • Limited Flexibility:
    Some lenders might only offer a limited range of products for transfers, which could mean fewer options compared to re-mortgaging. We’ll guide you on whether a product transfer or switching lenders is in your best interest.
  • Renewal Reminders:
    It’s important to stay proactive about your mortgage renewal dates. We provide ongoing reminders and reviews, so you never miss the chance to switch products when your current rate ends.

Why Work with Us?

  • Independent Advice:
    While a product transfer keeps you with your current lender, we provide independent advice to ensure it’s the right decision for you. We’ll weigh the convenience of staying put against the potential savings from exploring other options.
  • Tailored Solutions:
    Even within your existing lender’s range, choosing the right product is crucial. We consider factors like your future plans, whether you need a fixed or tracker rate, and any extra features you may want.
  • End-to-End Support:
    We handle the entire product transfer process on your behalf, making it as seamless as possible. From assessing your lender’s offers to submitting the paperwork, we’re with you every step of the way.

Important Information:

  • Fees:
    Our product transfer services may involve a fee, which will be clearly outlined during your initial consultation.
  • Risk Warning:
    “Your home may be repossessed if you do not keep up repayments on your mortgage.”

Interested in exploring your product transfer options? Contact us today for a free, no-obligation discussion about the deals your current lender is offering and whether they’re the best fit for you.

Buy to Let, BTL

Investing in property can be a smart financial move, but navigating the Buy to Let mortgage market requires expertise. Whether you’re a first-time landlord or expanding your property portfolio, we’re here to help you secure the best mortgage tailored to your investment goals.

What is a Buy to Let Mortgage?

A Buy to Let mortgage is specifically designed for people who want to purchase property to rent out rather than live in. The criteria and terms differ from residential mortgages, and lenders typically assess the property’s rental income alongside your own financial situation.

Why Consider a Buy to Let Mortgage?

  • Investment Potential:
    Property is often considered a relatively stable long-term investment. A BTL mortgage allows you to take advantage of rental income while benefiting from potential capital growth over time.
  • Variety of Mortgage Options:
    From fixed-rate deals that provide stability to tracker mortgages that follow interest rate movements, we’ll help you explore the options best suited to your financial objectives and risk appetite.
  • Portfolio Expansion:
    If you’re an experienced landlord, you may want to expand your portfolio. We can assist in finding the right finance solutions for multiple properties, ensuring that each investment aligns with your overall strategy.

Key Considerations for Buy to Let Investors

  • Affordability and Rental Income:
    Lenders usually require that your rental income covers 125% to 145% of your mortgage repayments, depending on the deal. We’ll work with you to assess this and provide guidance on what property types and areas could meet these criteria.
  • Higher Deposits and Interest Rates:
    BTL mortgages often require a higher deposit, typically around 25%, and may come with higher interest rates compared to residential mortgages. We’ll help you understand the costs involved and find competitive deals.
  • Tax Implications:
    It’s essential to get independent advice on the tax implications of property investments, as they can impact your overall return. While we’re not tax advisors, we strongly recommend consulting a qualified tax professional who specializes in property taxation.
  • Regulatory Changes:
    The BTL market is subject to regular changes in regulations, from landlord responsibilities to energy efficiency standards. We stay updated on these shifts and ensure that your mortgage remains compliant and competitive.

Why Work with Us?

  • Expert Guidance for New and Experienced Landlords:
    Whether this is your first rental property or you’re adding to an established portfolio, we provide tailored advice to match your level of experience and financial goals.
  • Access to Specialist Lenders:
    We work with a wide range of lenders, including those offering specialized BTL products that may not be available on the high street. This allows us to source deals that cater to different investment strategies.
  • Comprehensive Support:
    From the initial mortgage application to the final purchase, we handle all the details, making the process smoother for you. We also provide ongoing reviews to ensure your BTL mortgage remains competitive as market conditions change.

Important Information:

  • Fees:
    Our Buy to Let mortgage services involve a fee, which will be clearly discussed and agreed upon during your initial consultation. We are transparent about costs, so you know exactly what to expect from the start.
  • Risk Warning:
    “Your property may be repossessed if you do not keep up repayments on your mortgage. Additionally, the value of property investments can go down as well as up.”

Ready to explore your Buy to Let mortgage options? Get in touch with us today for expert advice tailored to your property investment needs.

Adverse Credit Mortgages

Struggling with a low credit score or a history of financial difficulties doesn’t mean you can’t get a mortgage. We specialize in helping clients with adverse credit find suitable mortgage solutions, whether you’re dealing with defaults, CCJs, or other credit issues.

What is an Adverse Credit Mortgage?

An adverse credit mortgage, also known as a bad credit or subprime mortgage, is designed for people who have a less-than-perfect credit history. Lenders consider various factors, such as missed payments, defaults, County Court Judgments (CCJs), Individual Voluntary Arrangements (IVAs), or even bankruptcies, when assessing your application. While the criteria might be stricter, there are lenders who specialize in offering mortgages tailored to your situation.

Common Adverse Credit Issues We Help With:

  • Defaults:
    Missed payments on credit accounts, whether for a credit card, loan, or previous mortgage, can lead to defaults. We work with lenders who understand that these issues don’t define your current financial stability.
  • County Court Judgments (CCJs):
    A CCJ can be a major obstacle to securing a mortgage, but there are lenders who are willing to offer options depending on the age and amount of the judgment.
  • Individual Voluntary Arrangements (IVAs):
    Having an IVA doesn’t automatically disqualify you from getting a mortgage. We’ll help you explore options that take into account your circumstances and repayment history.
  • Debt Management Plans (DMPs):
    If you’re currently in or have recently completed a debt management plan, there are lenders who may be willing to offer you a mortgage. We’ll assess the options based on your current financial health.
  • Low Credit Score:
    Even if you have a low credit score due to past issues, we can guide you on how to improve your chances of getting approved and find lenders with flexible criteria.

How We Can Help?

  • Specialist Lender Access: We have access to a wide network of lenders who specialize in adverse credit mortgages. These lenders understand that financial setbacks happen and are willing to work with you to find a solution that fits your situation.
  • Tailored Advice: We provide personalized advice based on your unique credit profile. We’ll review your credit history and current financial status to match you with lenders most likely to approve your application.
  • Improving Your Chances: Even if your credit issues are recent, we’ll advise you on steps you can take to improve your eligibility, such as improving your credit score, managing existing debts, or adjusting the size of your deposit.
  • Honest, Transparent Guidance: We believe in clear communication and realistic expectations. We’ll explain the available options, associated risks, and any potential higher interest rates or deposit requirements, so you know exactly what to expect.

Key Considerations for Adverse Credit Mortgages

  • Higher Interest Rates:
    Adverse credit mortgages typically come with higher interest rates due to the perceived risk. We’ll work to find you the most competitive deal based on your credit situation.
  • Larger Deposits:
    Lenders may require a higher deposit, often 15% to 30%, to offset the credit risk. We’ll help you plan for this and explore deposit assistance options if available.
  • Flexible Terms:
    Some lenders offer flexible terms and features, such as interest-only periods or options to remortgage to a lower rate once your credit improves.

Why Work with Us?

  • Experience with Adverse Credit:
    We have a proven track record of helping clients with credit issues secure mortgages. Our deep understanding of the market allows us to identify the best lenders and products for your specific needs.
  • Long-Term Support:
    Even after securing your mortgage, we provide ongoing advice and reviews. We’ll assist with remortgaging to a better rate once your credit situation improves, helping you reduce your costs in the future.

Important Information:

  • Fees:
    Our services for adverse credit mortgages involve a fee, which will be clearly discussed and agreed upon during your initial consultation. We aim to provide complete transparency, so you know all costs upfront.
  • Risk Warning:
    “Your home may be repossessed if you do not keep up repayments on your mortgage.”

Think your credit history might hold you back? Contact us today for a free, no-obligation consultation, and let’s explore the mortgage options available to you.

Self-Employed Mortgages

Being your own boss shouldn’t be a barrier to homeownership. We understand the unique challenges faced by self-employed individuals and are here to help you secure the right mortgage, whether you’re a sole trader, contractor, or limited company director.

What is a Self-Employed Mortgage?

A self-employed mortgage isn’t a special type of mortgage, but getting approved can involve different documentation and processes compared to those in traditional employment. Lenders will generally require more evidence of income stability and may look at your business finances in greater detail.

Common Challenges Self-Employed Borrowers Face

  • Proving Income Stability:
    Lenders typically prefer borrowers with steady, predictable income. If your income fluctuates from year to year, we can help you prepare the necessary documentation to demonstrate your ability to manage mortgage repayments
  • Length of Time Trading:
    Most lenders require at least two years of trading history to consider a mortgage application. However, we work with lenders who may be more flexible, especially if you have strong projections or other income sources.
  • Complex Financial Structures:
    If you’re a director of a limited company, contractor, or partner in a business, calculating your income for mortgage purposes can be more complicated. We have experience navigating these complexities and presenting your case clearly to lenders.

How We Help Self-Employed Clients

  • Understanding Your Business: We take the time to understand how your business works, whether you draw a salary, dividends, or both. This helps us find lenders who are comfortable with your income structure and will consider your full earnings potential.
  • Tailored Documentation Support: We’ll guide you through the documentation process, including gathering SA302 forms, tax year overviews, and business accounts.
  • Access to Specialist Lenders: We have strong relationships with lenders who are experienced in working with self-employed clients. They often take a more nuanced approach to assessing income, considering the bigger picture rather than relying on rigid criteria.
  • Strategic Planning for Approval: If you’re planning to apply for a mortgage soon, we can advise on strategies to improve your chances.

Key Considerations for Self-Employed Mortgages

  • Proof of Income:
    Lenders usually require one to three years of accounts or tax returns. We’ll help you gather the right evidence.
  • Deposit Requirements:
    While deposit requirements can vary, self-employed applicants often benefit from having a larger deposit to strengthen their application. We’ll explore options based on your financial situation.

Why Work with Us?

  • Experience with Self-Employed Clients:
    We have a deep understanding of the unique challenges and needs of self-employed individuals. Our expertise allows us to present your case in the best possible light to lenders.
  • Comprehensive Support from Start to Finish:
    From initial advice to finalizing your mortgage, we handle the entire process, keeping you informed every step of the way. Our goal is to make securing a mortgage as smooth and stress-free as possible.
  • Long-Term Relationship:
    Once your mortgage is secured, we continue to support you with regular reviews and advice, ensuring your mortgage remains competitive as your business grows and evolves.

Important Information:

  • Fees:
    Our services for self-employed mortgages involve a fee, which will be clearly discussed and agreed upon during your initial consultation. We believe in transparency, so you’ll always know the costs upfront.
  • Risk Warning:
    “Your home may be repossessed if you do not keep up repayments on your mortgage.”

Are you self-employed and looking to secure a mortgage? Get in touch for a free, no-obligation consultation, and let’s explore the best options available for your circumstances.

Agency Workers / Zero Hours Contract Mortgages

Working on an agency basis or having a zero-hours contract doesn’t have to prevent you from getting a mortgage. We understand that your income may fluctuate, and we specialize in finding mortgage solutions that suit your unique work situation.

What is an Agency Worker or Zero Hours Contract Mortgage?

While there isn’t a specific “agency worker” or “zero-hours contract” mortgage, lenders often apply different criteria when assessing applicants whose income is less predictable. Traditional lenders might see fluctuating income as a risk, but we work with lenders who understand that your job type doesn’t define your ability to repay a mortgage.

Common Challenges for Agency Workers and Zero Hours Contracts

  • Income Stability and Consistency:
    One of the main challenges for agency workers and those on zero-hours contracts is proving consistent income. Many lenders prefer stability and may be hesitant if your income varies. We help by presenting a clear and accurate overview of your earnings, showing lenders that your income is reliable even if it’s not fixed.
  • Employment Length and Continuity:
    Lenders often prefer applicants with a longer employment history. Even if your work is on a contract or temporary basis, we help demonstrate your employment continuity and reliability, which can strengthen your application.
  • Gaps in Employment:
    If your work involves periods of downtime, some lenders might see this as a risk. We identify lenders who are more flexible in assessing income, focusing on your overall earning potential rather than just periods of inactivity.

How We Help Agency Workers and Zero Hours Contract Clients?

  • Tailored Advice Based on Your Work Pattern: We take the time to understand your work pattern and income structure, whether you work consistent agency shifts, are on-call, or have seasonal fluctuations. This helps us identify lenders that cater to your unique situation.
  • Presenting Your Income Clearly: We work with you to gather the necessary documentation, including bank statements, payslips, and employment records, to present a strong case to lenders. We’ll also help you structure your application in a way that highlights income consistency, even with variations.
  • Access to Flexible Lenders: We have access to lenders who specialize in working with non-traditional employment types. These lenders are more flexible in their criteria and take a holistic view of your financial situation.
  • Boosting Your Application Chances: We’ll advise on strategies that can improve your application chances, such as building a larger deposit, managing your expenses, and stabilizing your income before applying.

Key Considerations for Agency Workers and Zero Hours Contracts

  • Proof of Income:
    Lenders may require evidence of your income over a longer period, often 12 to 24 months, to assess your earning potential. We’ll guide you in preparing this documentation and presenting your income in the most favourable light.
  • Deposit Requirements:
    A larger deposit can sometimes offset the perceived risk of fluctuating income. We’ll help you explore deposit options that suit your budget and strengthen your application.

Why Work with Us?

  • Specialized Knowledge for Non-Traditional Employment:
    We have extensive experience working with clients who don’t fit the traditional employment mould. Our knowledge allows us to match you with lenders who understand your work situation.
  • Guidance Every Step of the Way:
    From initial consultation to securing your mortgage, we handle the entire process, ensuring that you feel confident and supported throughout. We make sure your application stands the best chance of approval.
  • Ongoing Support for Changing Work Circumstances:
    As your work situation evolves, we’re here to help. Whether you move to a permanent role or continue with flexible contracts, we offer regular mortgage reviews to ensure your deal remains competitive.

Important Information:

  • Fees:
    Our services for agency workers and zero hours contract mortgages involve a fee, which will be clearly discussed and agreed upon during your initial consultation. We believe in transparency, so you’ll always know the costs upfront.
  • Risk Warning:
    “Your home may be repossessed if you do not keep up repayments on your mortgage.”

Unsure if your work situation could impact your mortgage options? Get in touch for a free, no-obligation consultation, and we’ll help you find the right mortgage solution.

Right to Buy

The Right to Buy scheme offers tenants of council properties the chance to purchase their home at a discounted price. If you’re eligible for the scheme, we’re here to help you secure the mortgage you need to take that step into homeownership.

What is the Right to Buy Scheme?

The Right to Buy scheme allows eligible council and housing association tenants in England to purchase their home at a discount. The discount is based on how long you’ve been a tenant and whether the property is a house or a flat. This discount can often be used as your deposit, making it easier to secure a mortgage.

Key Benefits of the Right to Buy Scheme

  • Significant Discounts: The discounts available through the Right to Buy scheme can be substantial, sometimes up to 70% off the market value of your home. This discount can also serve as your deposit, reducing or even eliminating the need for additional savings.
  • Step into Homeownership: Right to Buy offers a unique opportunity for long-term tenants to become homeowners, often at a much lower cost than buying on the open market.
  • Long-Term Stability: Owning your home offers greater security and stability. You’ll no longer be subject to rising rents, and you can invest in your property as you see fit.

How We Help with Right to Buy Mortgages

  • Assessing Your Eligibility: We start by confirming your eligibility for the Right to Buy scheme and advising on the steps needed to get your application underway.
  • Finding the Right Mortgage: Not all lenders offer Right to Buy mortgages, but we work with those that do. We’ll find the best deals available, ensuring you benefit from competitive interest rates and favorable terms.
  • Using Your Discount as a Deposit: The discount you receive through the scheme can often be used as your deposit. We’ll help structure your mortgage application to reflect this, making the process smoother and more straightforward.
  • Handling the Paperwork: Right to Buy involves a fair amount of paperwork and coordination with your local authority. We manage this process for you, making sure everything is handled correctly and efficiently.

Key Considerations for Right to Buy Mortgages

  • Eligibility Criteria:
    Right to Buy is available to tenants of council properties and some housing associations, provided they’ve lived in the property for a set period. We’ll help you check your eligibility and guide you through the application process.
  • Affordability Checks:
    Even with the discount, lenders will still conduct affordability checks to ensure you can keep up with mortgage payments. We’ll work with you to prepare the necessary documentation and improve your chances of approval.
  • Additional Costs:
    Remember that homeownership comes with costs beyond the mortgage, such as maintenance and repairs. We’ll help you budget for these expenses so you’re fully prepared.

Why Work with Us?

  • Specialist Knowledge of Right to Buy:
    We’ve helped many clients successfully navigate the Right to Buy process. Our expertise allows us to guide you through the application, helping you secure a mortgage that fits your budget and goals.
  • Access to Right to Buy Lenders:
    We work with a range of lenders who offer mortgages specifically for the Right to Buy scheme. This gives us the flexibility to find deals that are tailored to your circumstances.
  • End-to-End Support:
    From checking your eligibility to securing your mortgage and handling the legal process, we’re with you every step of the way. We ensure the journey to homeownership is as smooth and stress-free as possible.

Important Information:

  • Fees:
    Our services for Right to Buy mortgages involve a fee, which will be clearly discussed and agreed upon during your initial consultation. We believe in transparency, so you’ll always know the costs upfront.
  • Risk Warning:
    “Your home may be repossessed if you do not keep up repayments on your mortgage.”

Interested in purchasing your home through Right to Buy? Contact us today for a free, no-obligation consultation, and let’s explore how we can help you take advantage of this opportunity.

Shared Ownership

Shared Ownership is a government-backed scheme that offers a more affordable path to homeownership by allowing you to purchase a share of a property and pay rent on the remaining share. If you’re looking for a more accessible way to get on the property ladder, Shared Ownership could be the solution for you.

What is Shared Ownership?

Shared Ownership allows you to buy a share of a property, typically between 25% and 75%, and pay rent on the portion owned by a housing association or local authority. Over time, you can buy additional shares (a process called staircasing) until you own the property outright, if you wish. Shared Ownership is designed to make homeownership more achievable, especially for first-time buyers or those with lower incomes.

Key Benefits of the Shared Ownership Scheme

  • Lower Entry Costs: Because you’re only purchasing a share of the property, the deposit and mortgage required are based on that share, making it easier to afford.
  • Staircasing Options: You have the flexibility to buy additional shares over time as your financial situation improves, gradually increasing your ownership stake in the property.
  • Access to High-Quality Homes: Shared Ownership properties are often new-build homes or well-maintained existing properties in desirable areas, offering quality housing at a lower cost.

How We Help with Shared Ownership Mortgages

  • Assessing Your Eligibility: Shared Ownership is available to first-time buyers and some existing homeowners who meet specific criteria, typically based on income. We’ll help determine if you qualify and guide you through the application process.
  • Finding the Right Mortgage: Not all lenders offer Shared Ownership mortgages, but we work with those that do. We’ll source competitive deals that align with your financial situation and goals.
  • Guidance on Staircasing: If you plan to purchase additional shares in the future, we can provide advice on how to do this effectively and explore mortgage options that accommodate staircasing.
  • Simplifying the Process: The Shared Ownership process involves coordinating with multiple parties, including housing associations and solicitors. We manage these interactions on your behalf, ensuring everything runs smoothly from start to finish.

Key Considerations for Shared Ownership Mortgages

  • Rent Payments:
    In addition to your mortgage, you’ll be paying rent on the portion of the property you don’t own. We’ll help you budget for this and make sure you’re comfortable with the overall costs.
  • Staircasing Costs:
    While staircasing allows you to increase your ownership over time, it does involve additional costs like valuation fees and legal fees each time you purchase a new share. We’ll guide you on how to plan for these costs.
  • Resale Restrictions:
    Selling a Shared Ownership property can involve certain restrictions, as you may need to offer it to the housing association or other buyers within the scheme first. We’ll explain these conditions so you’re fully informed before committing.

Why Work with Us?

  • Expert Knowledge of the Shared Ownership Market:
    We have extensive experience helping clients navigate the Shared Ownership process, ensuring you secure a mortgage that works for your unique situation.
  • Access to Specialist Lenders:
    We work with lenders who are experienced in providing Shared Ownership mortgages, offering flexible solutions tailored to your needs.
  • Ongoing Support as You Build Equity:
    As you look to purchase additional shares or eventually own your home outright, we continue to provide advice and mortgage reviews, ensuring your deal remains competitive.

Important Information:

  • Fees:
    Our services for Shared Ownership mortgages involve a fee, which will be clearly discussed and agreed upon during your initial consultation. We believe in transparency, so you’ll always know the costs upfront.
  • Risk Warning:
    “Your home may be repossessed if you do not keep up repayments on your mortgage and rent.”

Interested in learning more about Shared Ownership? Contact us today for a free, no-obligation consultation, and let’s explore how this scheme could work for you.