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Am in Shared owner ship

aayush
aayush Posts: 1,295 Forumite
Part of the Furniture 500 Posts Name Dropper
in Mortgages & endowments
HI 
I have the above which will be selling shortly due to personal reasons thus wanted to ask if I would be able to get a Mortgage for another flat again and share ownership 
And what information would be required to get a rough idea of the amount of the mortgage and the  repayment on monthly as I will be paying rent and service for the flat 
TIA

Comments

  • aayush
    aayush Posts: 1,295 Forumite
    Part of the Furniture 500 Posts Name Dropper
    I 
    I have the above which will be selling shortly due to personal reasons thus wanted to ask if I would be able to get a Mortgage for another flat again and share ownership 
    And what information would be required to get a rough idea of the amount of the mortgage and the  repayment on monthly as I will be paying rent and service for the flat 
    TIA
  • kingstreet
    kingstreet Posts: 39,436 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    No reason why you won't be able to use SO again as long as your income doesn't exceed the maximum. To calculate affordability, information needed by a broker;-

    Gross price
    Share to be purchased
    Mortgage amount
    Income
    Commitments
    Term
    Rent
    Ground rent/Service Charge.
    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.
  • aayush
    aayush Posts: 1,295 Forumite
    Part of the Furniture 500 Posts Name Dropper
    hi
    i have got all these but seems my age is against me ?
  • aayush
    aayush Posts: 1,295 Forumite
    Part of the Furniture 500 Posts Name Dropper
    kingstreet said:
    No reason why you won't be able to use SO again as long as your income doesn't exceed the maximum. To calculate affordability, information needed by a broker;-

    Gross price
    Share to be purchased
    Mortgage amount
    Income
    Commitments
    Term
    Rent
    Ground rent/Service Charge.
    if i give you the bove what would it cost me and would be able to advise mortgage amount
  • kingstreet
    kingstreet Posts: 39,436 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    aayush said:
    kingstreet said:
    No reason why you won't be able to use SO again as long as your income doesn't exceed the maximum. To calculate affordability, information needed by a broker;-

    Gross price
    Share to be purchased
    Mortgage amount
    Income
    Commitments
    Term
    Rent
    Ground rent/Service Charge.
    if i give you the bove what would it cost me and would be able to advise mortgage amount
    Please contact a broker recommended by family/friends.
    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.
  • aayush
    aayush Posts: 1,295 Forumite
    Part of the Furniture 500 Posts Name Dropper
    kingstreet said:
    aayush said:
    kingstreet said:
    No reason why you won't be able to use SO again as long as your income doesn't exceed the maximum. To calculate affordability, information needed by a broker;-

    Gross price
    Share to be purchased
    Mortgage amount
    Income
    Commitments
    Term
    Rent
    Ground rent/Service Charge.
    if i give you the bove what would it cost me and would be able to advise mortgage amount
    Please contact a broker recommended by family/friends.
    well have spoken to fa for the units in question are the not the same 
    as not dealt In years for some thing like this 
  • kingstreet
    kingstreet Posts: 39,436 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    The Housing Associations who deal in shared ownership property often have brokers they work with regularly. If you have a property or development in mind, check out the HA's usual brokers.
    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.
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