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Shared Ownership 75% share with 10% deposit
NewBuyer123
Posts: 1 Newbie
I'm planning to buy a Shared property in east village (2012 olympics athelete village). With my savings, I can either purchase 75% share with 10% deposit or buy 50% share with 15% deposit.
I'm inclined to go for 75% share as I would be repaying more of my mortgage and not rent. However, there aren't many lenders who would do this. Only HSBC gave a vague response but most others declined.
Will be really helpful to know
1. Lenders who offer 90% LTV mortgages on new build SO flat. The deposit amount a tad more than £25000.00
2. General feedback on 50% share with 15% deposit vs 75% share with 10% deposit.
I'm inclined to go for 75% share as I would be repaying more of my mortgage and not rent. However, there aren't many lenders who would do this. Only HSBC gave a vague response but most others declined.
Will be really helpful to know
1. Lenders who offer 90% LTV mortgages on new build SO flat. The deposit amount a tad more than £25000.00
2. General feedback on 50% share with 15% deposit vs 75% share with 10% deposit.
0
Comments
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You will need to see a mortgage broker anyway so ask at that point.I am a Mortgage Broker
You should note that this site doesn't check my status as a Mortgage Broker, 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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