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Shared Ownership Help
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wivellj
Posts: 3 Newbie
Hi,
Is it possible to get a shared ownership mortgage if you already have a mortgage on a property?
The situation I am in is I have a mortgage in my name which the property is reneted out, I make no money on the rented accomodation. I have since got married and myself and my wife would like to buy a house the only option at the moment is for shared ownership as we are currently in rented accomodation ourselves.
Could we get a shared ownership mortgage as we do not have a property to sell?
Thanks for your help
J
Is it possible to get a shared ownership mortgage if you already have a mortgage on a property?
The situation I am in is I have a mortgage in my name which the property is reneted out, I make no money on the rented accomodation. I have since got married and myself and my wife would like to buy a house the only option at the moment is for shared ownership as we are currently in rented accomodation ourselves.
Could we get a shared ownership mortgage as we do not have a property to sell?
Thanks for your help
J
0
Comments
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If you own a property already you will be excluded from most shared equity schemes, such as the government's Homebuy Direct.
Why not sell the property you are renting out?poppy100
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