What upfront costs are involved in getting a shared ownership mortgage?

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What upfront costs are involved in getting a shared ownership mortgage?

When buying a home under a shared ownership scheme you will have several costs to consider. These costs include , administration fees to the social landlordCosts for the survey and valuation carried out on the property.Legal fees for your solicitor,Land registry fee,Mortgage arrangement fees, Stamp duty,Cost to cover the creation of the shared ownership lease agreement,Other than these costs which are directly related to the purchase of the home, there are other costs that you should take into account, such as furnishing the home, decorating, and connection charges for telephone and other services. You should budget all the costs before deciding to purchase a share in a property.

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 ?

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