who does shared equity mortgages?

f1slikki

does anyone know who does mortgages on a shared equity bais..

I am looking at a new build house (not overly priced, I have checked the area)
and the developer will offer 75/25 shared equity but I am unsure who offer mortgages on this type of thing???

thanks

SelbyJay_2

Halifax do shared ownership mortgages so they might do shared equity. Maybe go see a whole market broker tho as they'll have a better idea.

Liz33

Halifax
Nationwide
Leeds
Woolwich
Abbey

They all do the shared ownership scheme so I would think they do shared equity as well and you will probably find a few others as well that do this scheme

Good luck

Heva04

I have heard that Royal Bank of Scotland do shared equity schemes. my partner and I are also looking at a new build shared equity 75/25

TarniahWilliams1

The only lender that does this kind of mortgage is RBS/Natwest..

I hope this helps!

Source: My CeMap Certified Mortgage Broker with 15+ years exp.

kingstreet

This thread is nearly two years old, Tarniah.

However, to clarify the issue for other readers, your adviser is incorrect.

I've input a 75/25 shared equity split into Mortgage Brain and got the following;-

Nationwide
Halifax
Newbury
Shepshed
Dudley
Monmouthshire
Principality
Leeds.

Note - some lenders have geographical restrictions and the level of personal deposit required varies.

Source: This CeMap Certified Independent Mortgage Broker with 27+ years exp.

catieeb06

It's worth noting though that people such as Principality only do it in Wales.

Also, the list of lenders from Kingstreet is entirely correct but it is also worth noting that different lenders require a different percentage of applicant deposit in addition to the equity deposit.

kingstreet

catieeb06 wrote: »

It's worth noting though that people such as Principality only do it in Wales.

Also, the list of lenders from Kingstreet is entirely correct but it is also worth noting that different lenders require a different percentage of applicant deposit in addition to the equity deposit.

True. Hence the;-

some lenders have geographical restrictions and the level of personal deposit required varies