Shared Ownership Mortgages / Remortgages
These are part buy part rent mortgages. Shared ownership mortgages are mortgages where the borrower enters into a scheme with a housing association. The borrower of the shared ownership mortgage will purchase a share of the property value (typically 25%, 50% or 75%). The remaining percentages will continue to be owned by the housing association. A deposit is still required to take out a shared ownership mortgage. Borrowers have the option to buy a larger share of the property after taking out a shared ownership mortgage.
Go Remortgage offers a range of shared ownership mortgages. Why not speak to one of our expert FSA regulated mortgage advisors who will be more than happy to give you free no obligation advice.
Shared ownership remortgages are a good option for people with a limited deposit but want to get into the property ladder. Shared ownership remortgages allow the borrower to buy larger shares of the property as they save more money with the eventuality of 100% ownership.
