Besure Financial Services Ltd is authorised and regulated by the Financial Services Authority (Registration Number 301120) for residential mortgages, pure protection and general insurance business. We do not charge a fee for mortgage advice, however our typical administration fee for processing your mortgage is £495 and depending on your circumstances could be up to 1% of the mortgage advance.
100% Shared Ownership Mortgage
No deposit? No problem.
In the past, mortgage lenders have usually insisted upon a deposit of some level before lending towards a property. In recent years however, lenders have developed a wide range of 100% mortgage products for home buyers, especially first time buyers, therefore removing the need for buyers to save for a deposit. 100% shared ownership mortgage products are very popular in todays property market.
A 100% shared ownership mortgage allows qualifying applicants to purchase usually a bigger property than you would be able to buy outright. This is due to affordability, as you would purchase a share of the property which suits you by way of a shared ownership mortgage and the remaining value of the property you usually paid by way of a rental payment to a housing association.
The rental part of your monthly payment is normally a percentage of the value of the share of the property owned by the housing association and in comparison to the mortgage payment is usually kept as low as possible.
- 100% shared ownership mortgage is ideal if you do not have access to a deposit
- We have access to every lender in the UK
Have you found your new home already?
Excellent, just fill out our simple enquiry form for one of our advisers to contact you.
Not found your ideal home yet?
Maybe its because you don't know how much you can afford, simply fill out our enquiry form and we'll be able to guide your first time buyer mortgage in the right price bracket.