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Shared Ownership Mortgages Shared Ownership Mortages

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Switchwise.com saves you time by searching for the cheapest quotes meaning you have access to information about the best shared ownership mortgages available.  Simply by completing the online application form, Switchwise.com can find you the shared ownership mortgage to suit you and your circumstances. It only takes a few minutes to apply. There is no obligation to sign up and no credit checks will take place.

You can find mortgage deals on Switchwise.com that you will not be able to find on the high street. As part of the Switchwise.com service we introduce you to a shared mortgage broker who will be able to give advice regarding a shared ownership mortgage to suit you. Apply for shared ownership quotes online now. Our service is fast, free and without obligation or credit checks.

What is a shared ownership mortgage?

A shared ownership mortgage is an ideal first step on the property ladder. One option for first time buyers is to buy a property with a housing association using a shared ownership mortgage. This entails the ownership being shared so that the residents own a percentage of the property and the remainder is owned by the housing association.

The residents pay their share of the mortgage and rent the other part of the property from the housing association.

Additional shares can be bought from the housing association at a later date. The term for this is “staircasing”. One disadvantage is that you losing a portion of the equity gained in the value of the property to the housing association.

If a shared ownership mortgage is right for you we can find you the cheapest quotes for your circumstances. Apply for shared ownership only mortgage quotes online now. It’s fast and free, with no obligation or credit checks.

 

 

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