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Mortgage lenders view this as confidential information and instead consider it a „crown jewel.“ But information such as your postcode, family reunification, length of employment and previous credit contracts may be successfully taken into account. Shared Ownership is affordable housing that could make it easier for you to access real estate managers. Finding the right lender for you is so important because you want to borrow with an affordable interest rate and a level playing field. A broker with experience can help you pay more than you should, in interest and fees, and can also help you apply for a shared ownership mortgage online. Learn more about buying aid and shared ownership We have access to all lenders in this market and our consultants have great experience in building and assisting in the purchase of real estate that guide experts through the process. Help to Buy includes two applications, one for the mortgage lender and the other to buy directly. Our advisors can submit the purchase request assistance electronically on your behalf to make the process as smooth and fast as possible. Many housing companies offer their new properties for sale on a shared basis. Your lawyer should then send confirmation to the shared ownership designer of your mortgage in principle online or by mail, with the valuation and amount of your deposit, and then ask for permission for exchange contracts. Buying a condo can relieve some of that impression, as you only buy part of the property and pay rent to a housing company or landlord for the share you don`t yet own. You can then buy other shares, when and when you can afford it. This may vary slightly between different housing companies.

However, shared ownership is usually only available if you are a first-time buyer. Some housing companies also consider, in certain circumstances, non-buyers. This could be if you buy your first property alone after a divorce or family bankruptcy. If you are only studying the potential cost of a shared mortgage and do not yet have specific properties in mind, you should generally use our shared ownership mortgage calculator and submit an agreement in principle below. You can in principle apply for a shared mortgage agreement if: Once you have found a lender to approve your mortgage, you should in principle receive a mortgage for shared ownership (aka AIP) and an valuation that must match the sale price of the real estate. We give you access to a number of lenders who are considering a shared Ownership application. Currently, the minimum deposit required is only 5% of the full market value of the property. With a shared equity system, you pay a percentage of the total open purchase price, but you acquire 100% ownership of the property. The balance of the purchase price is provided by a fund-sharing lender. A shared property broker doesn`t just help you apply for a shared purchase mortgage: Shared Ownership is a way to acquire a stake in a property from the housing company. The housing company retains the residual share that the buyer rents to the association.

This system offers qualified buyers the opportunity to get a foot on the ladder when real estate is out of budget on the open market, or to buy in a more expensive central position.