As an affordable housing option, shared ownership is growing but it does not have enough consumer awareness and understanding. Shared ownership currently accounts for around 2% of housing stock but housing associations are building more of these homes. The government has pledged funding for up to 90,000 new shared ownership properties in the next five years. It is also anticipated that more lenders will offer shared ownership mortgages and brokers should be prepared for a rise in enquiries.
We have a range of shared ownership mortgages to suit most needs like fixed rates, discounted trackers, capped rates and cashback or that you have past credit. If you have bad credit you may still qualify but your options are reduced. You should check with your Housing Association first and, if they approve you, talk to us and we will do our best to find you the best mortgage lender. Whatever you’re current or past circumstances, we can help people with mortgage arrears, CCJ's, defaults, discharged bankrupts and people in current or past IVA's.