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.

< Back to News and Blog

My wife and I have been working with Chawley Soper fpr many years. We've had 6 properties, with the very first when we remortgaged our original home and let it to downsize and buy a bungalow. We then bought an investment property to renovate and sell. The next property we bought and rented and then recently we invested in a 4 bed bungalow as another rental/investment property. Chawley has always been there through the years working on our behalf to get us the best deals and guide us through the mountains of paperwork and correspondence with solicitors. We can't really praise him highly enough. Not just his phenomenal knowledge and professionalism but for always being there to deal with even the smallest of queries and problems. Through buying, selling and remortgaging and finding the best deals we feel as though we are in very safe hands and trust Chawley implicitly. If we have any ideas about future moves, such as recently we considered selling and porting to a new property, it will be Chawley who will guide us. We've had one other property from before our association with Chawley and he now deals with all of the remortgaging for this as well. We feel as though he has become far more than just a mortgage adviser and we fully recommend him.

Andy S

May 2020

Get the Right Mortgage Advice