Harrogate office - 01423 317002 . . .London office 0208 1763176 office@fcmortgages.co.uk

Shared Ownership

Shared ownership could be your step onto the property ladder. 

This home ownership scheme allows you to buy a share in your home (normally 50%) and rent the remaining share. Over time, you can buy more shares in your home. 

Don’t be confused by the term ‘shared ownership’. It does not mean that you will share your home with anyone else – you will have sole occupancy rights. But the ownership will be shared between you and a landlord or similar company.

Shared ownership properties are usually offered for sale by housing associations. You buy a share of a property, and pay rent to the housing association for the remainder. Your monthly outgoings will include repayments on any mortgage you have taken out, plus rent on the part of the property retained by the housing association. Later, as you can afford it, you may be be able to increase your share until you own the whole property.

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Harrogate Office

01423 317002

London Office

0208 1763176

email

office@fcmortgages.co.uk

Your Home (or property) may be repossessed if you do not keep up repayments on your mortgage.

Fiona Conway&Associates LTD Registered office: Windsor House, Cornwall Road, Harrogate, North Yorkshire, HG1 2AW Registered in England & Wales No: 11775867.

Fiona Conway&Associates Ltd is an Appointed Representative of The Right Mortgage Ltd, which is authorised and regulated by the Financial Conduct Authority (FRN: 833707) for mortgages, protection insurance and general insurance products.

Some forms of Buy to Let mortgages are not regulated by the FCA.

The guidance and/or advice contained within this website is subject to the UK regulatory regime and is therefore primarily targeted at consumers based in the UK.

We will charge a fee of up to 1% of the loan amount for our service in relation to mortgage contracts, which is payable upon obtaining the legal mortgage offer. Our typical fee is £395. The precise amount we will charge is dependent on the amount of research and administration that is required. This will be disclosed to you during our initial appointment. This fee is payable on production of your Mortgage Offer and is non-refundable.

Mortgage and Insurance advice from Fiona Conway Mortgages in Harrogate and surrounding areas.