Shared Ownership
Shared Ownership can be a great option for many people wanting to get on the property ladder.
Shared Ownership
Shared Ownership is great for those who want to take their first steps onto the property ladder, or for those who want to downsize but remain in their current area. It’s also a great option for people who are struggling to save for a large deposit, as the minimum deposit is just 5% of the share value.
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Shared Ownership is a scheme that’s open to all UK residents who meet the eligibility criteria. These include:
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• You must have an annual household income of less than £80,000 or (£90,000 or less in London).
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One of the following must also be true:
• You are a first time buyer.
• You used to own a home but can’t afford to buy one now.
• You’re forming a new household – for example, after a relationship breakdown.
• You are an existing shared owner looking to move.
• You currently own a home and want to move but cannot afford a property that meets your needs.
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If you’re looking for an affordable way to get onto the property ladder, Shared Ownership homes could be the right option for you.
Get in touch with us today to find out more about New Build and Shared Ownership homes in your area.
Let Us Help You Get There..
At Samuel James Mortgages, we understand that choosing a shared ownership mortgage is an important step towards homeownership. Our dedicated team of experts is here to guide you through the process, ensuring you receive personalised advice tailored to your unique needs. With our extensive knowledge of the shared ownership market, we work tirelessly to find the best mortgage options for you, making your journey to owning a home seamless and stress-free. Trust us to be your partner in achieving your homeownership dreams.
