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Shared Ownership Mortgage
Chip_Butty_3
Posts: 65 Forumite
Help needed. Has anyone any idea of good deals at the moment for a first time buyer who is looking to buy a place under a shared ownership scheme, through a local housing association.
The mortgage would be for 40% ownership & for approx. £68,000.
Best so far is with Leeds Building Society - a 3 year Fixed @ 5.4% covering the whole amount (£68,000), with no arrangement fees, however there is a 'Valuation fee' of £385.
Has anyone seen/heard about anything better.
Has anyone been through this process (Shared Ownership) & are there any snags ?
Regards
Mick
The mortgage would be for 40% ownership & for approx. £68,000.
Best so far is with Leeds Building Society - a 3 year Fixed @ 5.4% covering the whole amount (£68,000), with no arrangement fees, however there is a 'Valuation fee' of £385.
Has anyone seen/heard about anything better.
Has anyone been through this process (Shared Ownership) & are there any snags ?
Regards
Mick
Mark Hughes' blue and white army
0
Comments
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HI Mick
If you do a search on the forums you will find lots of threads regarding shared ownership. AFAIK leeds BS are fairly new to SO but I have used them for various things lately and they are a good efficient lender. Have you thought about taking advice from a mortgage advisor who could see if they can find anything better than the leeds deal for you?
Abbey are good for SO and work very quickly.I am a Mortgage Adviser
You should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0
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