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shared ownership mortgages - help
laura567
Posts: 1 Newbie
Does anyone have any advice on shared ownership morgages?
Who does them and are they worthwhile for first time buyers?
Who does them and are they worthwhile for first time buyers?
0
Comments
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What do you want to know? Do you have a deposit since there is only a handful of lenders doing 100% of your share.Does anyone have any advice on shared ownership morgages?
Who does them and are they worthwhile for first time buyers?I like to give people as many choices as possible to do what I want them to. (Milton H Erickson I think)0 -
Most high street lenders do them, but as rightly said, most will need a deposit for the share you are purchasing.
Some do not want a deposit, but you need to see which is offering you the best deal, and which deals you could be eligible for.
This link may help on shared ownership information:
http://www.housingcorp.gov.uk/server/show/nav.550I am a Mortgage AdviserYou 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 -
i urgently need some advice.
i was meant to be moving into my new shared ownership flat in just over a week, but nationwide have valued the flat at 10% less than the housing association selling price. i'm going to go to halifax to see if i can get a higher valuation.
have i any chance at all of getting the housing association to lower the price? or am i stuck?0 -
I think it depends on the housing market in your area.i urgently need some advice.
i was meant to be moving into my new shared ownership flat in just over a week, but nationwide have valued the flat at 10% less than the housing association selling price. i'm going to go to halifax to see if i can get a higher valuation.
have i any chance at all of getting the housing association to lower the price? or am i stuck?
If you have exchanged contracts then you are stuck.0
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