Is shared ownership different to help to buy?

9th November 2020

Yes. Shared ownership allows buyers to purchase a share of a home (usually 25% and 75%). They will pay a mortgage on the share they own and a below-market-value rent on the remainder to a Housing Association.

Help to Buy is a government backed scheme where the Help to Buy equity loan enables purchased to buy a new build home – the government provides a loan of up to 20% (40% in London) so the purchaser only needs to raise a 5% deposited with a 75% mortgage making up the rest.

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Steph and Cara made our mortgage experience stress free and we cant thank them enough. From the first phone call through to the mortgage being approved we received first class customer service. Everything was explained in detail and we were updated each step of the way. They took what could have been a very stressful experience and made it a walk in the park. We will definitely use Charters again in the future. Thank you!

C O'Rourke

June 2020

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