How does a mortgage work on shared ownership?

24th November 2020

You buy a share of a property and you would pay a monthly mortgage in addition to paying the Housing Association rent who would also own the property with you. Over time you can buy additional shares of the property and this is an option you can look into when remortgaging your property, it is advised to speak with a Mortgage & Protection adviser when doing so.

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We started our enquiry not really knowing where we wanted to live or if indeed we were ready to buy our first house. I was passed through to Chawley, the mortgage consultant, and he was fantastic throughout. He took the time to explain things surely out of his remit and became someone I trusted quickly. Once we found our now home Chawley helped with the offer process and even some elements of the home buyers report. Cara helped at this point with insurance and updates, and was also great to work with. Throughout the entire process we felt like Chawley was the only person we worked with who took the time to really make sure we understood the lingo and the market. Thank you!

Becci

August 2020

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