If I want to buy more of the shared ownership property is this allowed?

Mortgage Help For Those Seeking A Shared Ownership Mortgage Quote To Best Suit Their Circumstances

We Could Help find you a Shared Ownership Mortgage, At a Very Competitive Interest Rate

The Main priority is to provide you with a first class service for all your Shared Ownership Mortgage needs, Depending on your circumstance we can help you find a Shared Ownership Mortgage at a very competitive interest rate, we do all the leg work, so you can relax. Click Here to request a call back and an advisers will contact you shortly.

All You Have To Do is simply fill out our Quick Mortgage Application Form

FREE Copy Of Our "Mortgage" Guide - Click Here

Back To Shared Ownership Mortgage Customers

Click Here For Our Guide To Shared Ownership Mortgages

Mortgage Help Desk UK - Mortgage Products

If I want to buy more of the shared ownership property is this allowed?

You are allowed to buy extra shared of the home that you have bought under the shared ownership scheme, this normally is done though blocks of 10% of the value of the home. Buying more shares in the home means that your rental payments will reduce, and it is only recommended that you buy more shares in your shared ownership home, whenever you are able to afford to do so. If you do decide to buy more shares in the property you will need to inform your landlord, the details for this will be on your lease agreement provided by the landlord. The landlord will carry out a survey of the home to decide on how much you will have to pay for the amount you wish to purchase. The fee for the valuation will be paid by you, and you have 3 months from the valuation to sort out the purchase.You need to consider other factors before buying another block, as there could be implications of buying more shares, such as increased mortgage repayments and the length of the mortgage, will it effect your state benefits etc. Also not all shared ownership schemes do allow you to buy more shares than that was originally purchased.

Shared Ownership Mortgages Frequently Asked Questions

What are the main Disadvantages ?	Can I make any changes to the property?
What percentage can I purchase ?	What are the different types?
What happens if I want to sell ?	How do I find a Shared Ownership property?
What are the main Advantages ?	Can I buy more share of the property?
Do I qualify for a shared ownership?	What are the up front costs ?

Mortgage Help Desk UK - Mortgage Products

"Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage "

No information on this website is intended to constitute advice. This site contains a summary of the information relating to the products. If you are interested in any of the information on the site, you should seek information from us. We cannot guarantee that information will be accurate, complete and current at all times. All information on our Website is subject to change without notice.