share owner ship

aayush

Hi I have 25% equity in my flat and if I wish to by more share then would be at the price I bought the flat or at present price 
and would be able to get a mortgage to take up the offer 

notrouble

So currently no mortgage?

Whether you could get a mortgage depends on your income.

Price would be based on current value, but for more information, refer to your shared ownership contract.

aayush

have mort and pay rent and sc 

Bookgal88

I'm sure it will be at current value, but check your lease / phone up the HA / freeholder / whoever owns the rest of it. 
Whether you can get a mortgage depends on the mortgage you already have and your ability to borrow more based on your current earnings and how much more you're wanting to borrow. You're best phoning your mortgage provider and asking them. We don't have enough information to give you a concrete answer. 

fletcher1985

i owned 50% 2 years ago and now i own 80% and when i remortage this year will hopefully get the last 20%. when i want to buy more i have to pay £180 to the company that owns the other shares and get it valued and the price goes in the current market price, so sadly if your house has gone up then you pay more. my house needs updating a little and new floors and carpets and general diy but when i brought the house i decided not to do this until i buy all the house to try and keep the price down, but after my first 2 year mortage without doing anything to the house it went up by 5k.