We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
social homebuy shared ownership
rustywallet
Posts: 175 Forumite
Can anyone recommend a mortgage broker for shared ownership, specifically social homebuy (buying a property owned by Housing Association).
Thanks.
Thanks.
0
Comments
-
We advocate you ask friends and relatives for a recommendation and meet face to face.
Others work at arms-length.
It depends what will suit you best.I am a mortgage broker. 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. Please do not send PMs asking for one-to-one-advice, or representation.0 -
I have heard only a few places offer mortgages for social homebuy.0
-
Orbit, the HCA Help To Buy Agent for the Midlands has a panel of brokers which cover the HTB schemes which now include shared ownership. So do the others.
In addition, Registered Social Landlords, such as Housing Associations, normally have approved firms.
Look at these and you should find several options.I am a mortgage broker. 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. Please do not send PMs asking for one-to-one-advice, or representation.0 -
I used London and Country Mortgages, it was a free brokerage service and I ended up getting my mortgage through Nationwide.0
-
Thanks for that. I'll take a look at Nationwide. I like Nationwide - used to have an account with them...0
-
Choice of lender depends on the property you are buying.
If it's newbuild, many lenders want a larger deposit, Nationwide is 15% for a house, 25% for a flat. That applies to shared ownership as well.
Only a couple of lenders will do 95% on a newbuild shared ownership.
A broker is still a more sensible route than direct to a lender unless your circumstances are exactly the same as the person recommending that particular lender.I am a mortgage broker. 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. Please do not send PMs asking for one-to-one-advice, or representation.0 -
Thanks for all your help. BTW It's not new build.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.5K Banking & Borrowing
- 253.7K Reduce Debt & Boost Income
- 454.5K Spending & Discounts
- 245.5K Work, Benefits & Business
- 601.4K Mortgages, Homes & Bills
- 177.6K Life & Family
- 259.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards