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What is Shared Ownership?
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), if you can’t quite afford the mortgage on 100% of a home. You then pay rent on the remaining share. Further down the line, you are abe to buy a bigger share as and when you can afford to.
Should I take advantage of a Shared Ownership Scheme?
Shared ownership benefits those who wouldn’t otherwise be able to buy a home as they unable to afford the cost of buying a whole house. While this is a great way to get onto the property ladder and buying your own home, it still requires careful consideration. Buying a home is still a considerable financial commitment, usually one of the biggest we make and, even though you don’t own all your house, you’ll be responsible for it and the bills that come with it.
How do I buy a Shared Ownership home?
You buy Shared Ownership properties via the Help to Buy agent who is responsible for the scheme in the area where you are looking to live. You should contact the agent in the first instance for advice and help about this scheme. Our team of Mortgage & Protection Advisors are specialists experienced in such schemes, and are available 7 days a week ready to answer all your questions.
For more information on the Shared Ownership scheme,
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The Scottish Government will provide a maximum equity loan of £25,000
95% Mortgage Guarantee Scheme
Launched to help home buyers with a 5% deposit to get on the housing ladder.
Help to Buy
Helping your with up to 15% of the purchase price of a new home.