What we do
- Treat you fairly
- Keep it simple
- Guide you from quote to completion
- Help you locate shared ownership properties
- Empower you with information so that you can make a choice
- Give you personalised service
- Bend over backwards to get the mortgage for you
- Be sympathetic to your requirements
- Treat you as an individual
- Work efficiently and proactively
What we don't do
- Hard sell
- Talk jargon
- Use faceless call centres
- Get put off by problems
- Give up
- Treat you as a number
- Talk at you
- Transfer you from department to department
- Forget you after completion
Shared Ownership Mortgages
Shared ownership mortgages - Examples
The following are examples of shared ownership mortgages on properties that we have sourced and give you an idea of the shared ownership mortgage payments alongside the rent for the property:
1 Bed apartment in London E5
- £162,000 overall value
- 50% share at £81,000
- Monthly Rent £167
- Mortgage Payment £464
1 Bed apartment in Altrincham
- £130,000 overall value
- 50% share at £65,000
- Monthly Rent £109
- Mortgage Payment £373
2 Bed apartment in Sheffield
- £150,000 overall value
- 50% share at £75,000
- Monthly rent £159
- Mortgage Payment £430
2 Bed apartment in Birmingham
- £125,000
- 50% share at £62,500
- Monthly rent £157
- Mortgage payment £358
All of the above are based on 50% share but you can usually buy anything from 25% to 75% on the initial purchase.
The shared ownership mortgage we used to calculate the above payments was a fixed rate at 6.89% until 30/11/2010 then reverting to variable rate at 7.75% with free valuation and no lender fee, an early repayment charge will apply until 30/11/2010. APR 8.1%.
Your home may be repossessed if you do not keep up repayments on your mortgage. The overall cost for comparison is 8.8% APR. The actual rate will depend upon your circumstances. Ask for a personalised illustration. Broker fee only £645 on completion. Authorised and regulated by the Financial Services Authority.
