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The Help to Buy Shared Ownership Scheme was introduced as a means of helping first-time home buyers, previous homeowners who don’t have the means to purchase a home unassisted, and existing shared homeowners who are looking to move.
The Help to Buy Shared Ownership Scheme was introduced as a means of helping first-time home buyers, previous homeowners who don’t have the means to purchase a home unassisted, and existing shared homeowners who are looking to move.
Because you will only own a percentage of a property, you will also be required to pay a monthly rental fee to the owner of the remaining shares. Shared Ownership homes are always leasehold, which also means you’ll be paying ground and service charges.
Shared Ownership can be a complicated scheme, so it may be advantageous to seek advice from a mortgage advisor in Liverpool who understand the shared ownership process. You can easily schedule a free mortgage appointment through our website by clicking on the ‘Get Started’ button.
Our team will help you to determine your eligibility for a Shared Ownership in Liverpool, before you are able to use it. If you are unable to meet the criteria, you may be better suited for checking out the Help to Buy Equity Loan Scheme.
If you are in the market for additional Shared Ownership mortgage advice in Liverpool, feel free to take a look at our video below or continue down the page to see our Shared Ownership FAQs.
Although a less-than-perfect credit history might pose challenges when pursuing a Shared Ownership mortgage in Liverpool, it’s important to note that such obstacles can be overcome. It might be beneficial to collaborate with a specialized lender who can assess your unique circumstances on an individual basis.
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Rajeetha
Very good service
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Rajeetha
I am with Liverpoolmoneyman from 2020. Always reminding me the end of terms make good offer from mortgage providerS.
5 days ago
Katie
Very happy with the service provided. Both Dan and Jonathan were very informative and supportive throughout the process, and I especially thank them both for their patience in answering all of my questions and clarifying everything for me. I will...
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Anonymous
Very patient crew although we showered them with a lot of questions and frequently asked for updates
2 months ago
Ryan
Would highly recommend done all the leg work thank you Charlie/Jo and the ukmoneyman team
2 months ago
Nicholas
Really good and very helpful
3 months ago
Agnes
Johnathan went above and beyond to help me especially in the last few weeks of the process. I would highly recommend Liverpoolmoneyman-Mortgage Brokers, he definitely went the extra mile for me . Thank you Johnathan.
3 months ago
Marie
From start to completion a most positive experience. The initial advice from Dan and his courteous manner and patience throughout our dealings was exceptional. We were kept informed at every stage of proceedings by himself and Jonathan which...
3 months ago
Jake
Very impressed with the service from Jason! Always there to answer any questions and went above and beyond what we expected! Broke down all the details and technical information to a very easy to understand level, and made the process very simple....
4 months ago
Rebecca
Would highly recommend and would definitely use again! Chris was so helpful with all of our (many questions) and made us feel at ease through the whole process!
5 months ago
Zac
Matt and the team were super attentive throughout, guided me and provided great advice. Very easy to converse with and always ready to help
5 months ago
Paula
Daniel was very helpful. Explained things clearly and new mortgage sorted quickly.
6 months ago
Emma
Amazing. Was really nervous as a FTB but Wayne and Stacey were great and made the whole process really easy. Absolutely recommend.
7 months ago
Nerys
Highly recommend Liverpoolmoneyman , made the mortgage application a smooth process from beginning through to completion. Answered queries, phone calls and emails , and explained every step of the process. A special thank you to Dan who supported...
7 months ago
Nerys
Brilliant experience , highly recommend Liverpoolmoneyman if you are looking to remortgage or seeking advice with no applied pressure.A special thank you to Dan and Jonathan for making our mortgage application go through with ease , they supported...
7 months ago
Clare
Matt our Mortgage Advisor has been super helpful! Me and my partner are First Time Buyers and the help and support Matt and his Team have given us has been fantastic. They are also super responsive! Not only have we secured a mortgage...
7 months ago
Meg
Charlie and the team were fantastic at organising our mortgage, and so quick! He was on hand over WhatsApp to answer any questions we had and kept us updated all the way. Would highly recommend.
7 months ago
Rebekah
Everyone has been super helpful. Matt has been amazing with everything and has really helped us with everything we have needed.
8 months ago
Marc
Jason and the team have been so helpful through the process, answered all questions I had and kept me informed through the whole process. Highly recommend you won’t be disappointed.
8 months ago
Anonymous
When dealing with Liverpool Moneyman their agent Jonathan has been most helpful, polite and a pleasure to deal with.I would recommend them for any mortgage related transactions.
8 months ago
Shared Ownership in Liverpool functions by allowing individuals to acquire a percentage of a property, typically ranging from 10% to 75% of its overall market value, while also paying rent for the remaining portion. Through a gradual process called staircasing, you have the opportunity to increase your ownership stake over time by purchasing additional shares of the property.
If you’re in search of a Shared Ownership mortgage in Liverpool, the expertise of mortgage advisors in Liverpool can be immensely valuable. We are here to navigate you through the entire journey, identifying optimal deals and tailoring options to your specific needs. Our knowledgeable team of mortgage advisors in Liverpool will also assist you in fully understanding the terms and conditions of the mortgage, ensuring you secure the most favorable arrangement available.
During your appointment with the mortgage advisor in Liverpool, they will evaluate your income and expenditure to determine your eligibility for a Shared Ownership mortgage in Liverpool, as well as assess your mortgage affordability.
Our team will conduct a search of 1000 mortgage products to identify the most suitable option for you. We will also assist you in obtaining a mortgage agreement in principle, which can strengthen any new build offers you make.
Once your purchase offer is accepted, we will submit your complete mortgage application and supporting documents to the lender.
Throughout this process, your dedicated case manager will keep you informed of progress, from mortgage offer to completion and beyond.
Our service extends beyond simply securing the best mortgage deal for you. We also offer recommendations for insurance policies that will protect you and your loved ones.
Additionally, we will notify you when your mortgage deal expires to ensure that you are always on the best deal available.
We have a rich history of helping home buyers and homeowners in Liverpool. This is no different for those who have looked to obtain a mortgage with a Shared Ownership in Liverpool. During the course of a free mortgage appointment, a dedicated mortgage advisor in Liverpool will go over the workings of the scheme, and help you to determine your eligibility.
We’re proud of the level of service we can provide and our genuine customer reviews are a true reflection of this. Customer service is always at the forefront of what we do here at Liverpoolmoneyman.
We work hard to ensure that our customers receive the highest level of customer service we can provide. This can be demonstrated in our appointment availability, offering appointments from early until late at night, 7 days a week.
Using our online booking system, you will be able to book an appointment at a time that is suitable for your busy schedule, subject to availability. We have mortgage advisors working hard from morning until late, 7 days a week, including weekends and some bank holidays!
The Shared Ownership Scheme is only able to be used on selected properties that are owned by housing associations or builders. It is also sometimes the case that a property may have specifically been built with this scheme in mind.
A trusted and dedicated Mortgage Advisor in Liverpool will be able to explain the details of the Shared Ownership Scheme to you. Book your free mortgage appointment today and get started on the process of a Shared Ownership in Liverpool.
A lot of the time we find that customers are under the impression that they will not need to put down a deposit for a Shared Ownership in Liverpool. The truth is though, that you will need to put down a deposit for this mortgage type. Almost every mortgage type will require you to put down a deposit.
With a Shared Ownership in Liverpool, your mortgage will be taken out on the percentage of the property you own. As such, your deposit will directly reflect this. For example, if your property was valued at £300,000 and you wanted to buy a 50% shared, you need to put down a deposit for the £150,000 you would be paying for.
If you put down only 5% deposit, your £150,000 would be on a 95% loan-to-value. If you can afford to put down more, you’ll have access to a wider range of mortgage deals and also lower your potential mortgage payments.
This type of practice is known as “staircasing”. It is where a homeowner can increase the share they own, at any time.
If you are only in ownership of 25% of the property initially, you will have the option, for example, to purchase a further 25%, should it be affordable in the future.
This will lower the amount of rental costs you will need to pay to the other party, though your mortgage payments will remain unchanged.
When taking out a Shared Ownership in Liverpool, you will need to be aware that you’ll be paying both mortgage and rental fees at the same time. In addition to this, you will also have to pay back ground rent and service charges. This is because all Shared Ownership homes are leasehold.
It is worthwhile making sure that you have a property survey taken out too. If there are any issues present with your potential future home, it is important that you know of these in advance. Anything you don’t look at could harm the properties value in a few years time. A dedicated mortgage advisor will advise you on the best survey to take.
The Shared Ownership Scheme is only able to be used on selected properties that are owned by housing associations or builders. It is also sometimes the case that a property may have specifically been built with this scheme in mind.
A trusted and dedicated Mortgage Advisor in Liverpool will be able to explain the details of the Shared Ownership Scheme to you. Book your free mortgage appointment today and get started on the process of a Shared Ownership in Liverpool.
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Liverpoolmoneyman.com & Liverpoolmoneyman are trading styles of UK Moneyman Limited, which is authorised and regulated by the Financial Conduct Authority.
UK Moneyman Limited is Registered in England, No. 6789312 | Registered Address: 10 Consort Court, Hull, HU9 1PU.
Authorised and Regulated by the Financial Conduct Authority.
We are entered on the Financial Services Register No. 627742 at www.register.fca.org.uk
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Liverpoolmoneyman.com & Liverpoolmoneyman are trading styles of UK Moneyman Limited, which is authorised and regulated by the Financial Conduct Authority.
UK Moneyman Limited is Registered in England, No. 6789312 | Registered Address: 10 Consort Court, Hull, HU9 1PU.
Authorised and Regulated by the Financial Conduct Authority.
We are entered on the Financial Services Register No. 627742 at www.register.fca.org.uk
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