If you can’t quite afford the mortgage on 100% of a home, Help to Buy: Shared Ownership offers you the chance to buy a share of your home (between 25% and 75% of the home’s value) and pay rent on the remaining share. Later on, you could buy bigger shares when you can afford to.
You could buy a home through Help to Buy: Shared Ownership in England if:
- your household earns £80,000 a year or less outside London, or your household earns £90,000 a year or less in London
- you are a first-time buyer, you used to own a home but can’t afford to buy one now or are an existing shared owner looking to move.
With Help to Buy: Shared Ownership you can buy a newly built home or an existing one through resale programmes from housing associations. You’ll need to take out a mortgage to pay for your share of the home’s purchase price, or fund this through your savings. Shared Ownership properties are always leasehold.
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The FCA does not regulate some forms of buy to let mortgages
Alexander Adams Mortgage Services Ltd is an appointed representative of Sesame Ltd which is authorised and regulated by the Financial Conduct Authority. Our registration number is 722511
Registered address: Forest Garden, North Drive, Ossemsley, New Milton, BH25 5TJ. Registered in England & Wales under number 10670978.
We charge an advice fee of £299. We will never charge more than this and occasionally charge less, depending on your requirements.