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.
Shared ownership mortgage
Shared ownership mortgages have become increasingly popular over the years, what with the increase in house prices. A 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.
For this reason a shared ownership mortgage is usually very popular with first time buyers, however you do not necessarily need to be a first time buyer to qualify.
A growing number of lenders are offering shared ownership mortgage deals and even in todays market it is possible to obtain a 100% shared ownership mortgage, therefore you do not necessarily need to save for a depoit!
We have specialist shared ownership mortgage advisors available to discuss your situation and assist you in applying for your shared ownership mortgage. Once we have sourced the right mortgage for you from the whole market we will complete all the forms and paperwork for you liaising directly with the lender, Housing association, solicitors and estate agents from start to finish.
Just fill out our enquiry form and we’ll arrange for one of our advisers to contact you