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All fo your questions answered

Review our most frequently asked questions:

Shared ownership mortgages can only be secured on properties offered by housing associations or councils, sometimes in association with major house builders.

This varies but usually it will be proof of income, identification, proof of residence, evidence of your deposit and 3 month bank statement – you can upload these to speed up the process.

The Approval in principle (AIP), also known as Decision in Principle (DIP) can usually be done by us in a couple of hours. This would take place after our initial discussion and after we’ve provided a mortgage quote (ESIS document).

This depends on the value of the property but as a rough idea use this calculation: Take the value of the share you are not buying then x it by 2.75% and divide by 12 to get your monthly rent. (max for new build is 3%).

If you have already found and been approved for a property then the mortgage process should take approx 3 weeks, our standard is to aim for 21 days, this allows your solicitor to exchange contracts in the obligatory 28 days.

Usually you can add any lender related fees to the mortgage but you cannot borrow extra money for other purposes at the initial purchase stage.

Yes nearly always, this is known as stair casing. On occasion some rural sites restrict the maximum share to 80%.

Yes, you will need to approved by the Housing Association.

Pretty much the same as a standard property, except usually the Housing Association will try to help you for the first 8 weeks, as they may also have interested buyers on their database.

No, this will not be possible as all mortgages require proof of income.

YES, you can provided that you let out your existing property and the rental income covers the existing mortgage, if this is so then we can usually obtain a mortgage for your new property. However this would not apply to a shared ownership mortgage, the answer would be No.

Learn more about shared mortgages

visit our guides section for further information