Joint Mortgage

Our joint mortgage service

At share to buy we specialise in arranging joint mortgages, including our Britannia exclusive 90% product for graduates taking out a joint mortgage. We also have access to the broader mortgage market to arrange joint mortgages between two or more friends; joint mortgages between family members or 'traditional' joint mortgages for couples/partners (all of these categories can apply on our Britannia exclusive provided they are graduates or have professional qualifications). We don't charge any fees (unless the mortgage is less than £50,000, in which case we charge a £149 fee) and provide a free legal agreement covering some of the key legal issues of joint ownership. Since we launced in 2004, we have helped hundreds of first time buyers to take out a joint mortgage.

How we can help you

We cover the whole of the market but also have access to exclusive products not available anywhere else, and without charging a fee at any point we can arrange the following types of joint mortgage:

• Mortgages for friends clubbing together
• Couples/partners buying a new home
• Family members combining forces, e.g. a parent helping their son or daughter on to the property ladder.

Legal queries on joint mortgages - contact our panel of solicitors

With any joint mortgage all borrowers are jointly and severally liable for the whole loan and should consider taking out a legal agreement covering the relationship between the borrowers. At share to buy, we provide a free legal agreement covering these important issues, for example, setting out each person's share in the property. If you have any queries, we have a panel of partner solicitor firms who specialise in joint mortgage applications and are also familiar with the Share to buy legal agreement.

About Share to buy ltd – making housing affordable

Share to buy is dedicated to making affordable housing truly accessible online. At sharetobuy.com you can find affordable homes for sale and information on how to buy them. All the shared ownership properties we display come with a special budget tool to show you the potential monthly cost and required deposit. We also have an in-house mortgage team with huge experience in arranging mortgages for shared ownership including part buy part rent and shared equity, as well as joint mortgages for friends and family members. Finally, we are proud to offer our exclusive open market fee-free joint mortgages from Britannia. For all mortgages we arrange, we donate £10 towards helping homeless people. Register below to be kept up to date on our services, or explore our site using the Tools box beneath.

Shared Ownership Case Studies

Shared ownership in Northampton

Shared ownership in Islington, London

Latest News

Shared ownership properties for part buy part rent

14th February 2012

If you are looking for affordable housing to buy, we may have the answer. At sharetobuy.com you can search for shared ownership properties available to buy through the part buy part rent scheme. These are properties generally sold by housing associations where you buy a share starting at 25% and pay an affordable rent on the remainder. Start searching  now.

100% shared ownership mortgages and great 90% open market deals

20th January 2012

We now have access to 100% shared ownership mortgages. Customers can access zero deposit mortgages for part buy part rent but they must have no adverse credit history. More details here. We have also cut our open market 90% exclusive discount rate with no fees or early repayment charges. Read about our 10% deposit option for young professionals and first time buyers.

Follow our live property alerts and mortgage product news

Subscribe to our free e-newsletter updates. These include important updates on changes to our exclusive mortgages, as well as general news about the shared ownership market.

Tools

• Search: search for shared ownership properties; search for shared ownership solicitors.
• Calculators: shared ownership mortgage calculator; staircasing calculator; open market calculator.
• Apply: shared ownership mortgages; agreement in principle

Legal implications of joint mortgages

Taking out a joint mortgage has important legal implications. Each participant is jointly and severally liable for the whole debt. For this reason, you should always seek joint mortgage advice from a solicitor and ask them to explain the important matters. Joint mortgage loans are sometimes called ‘joint ownership mortgages’ or ‘joint equity mortgages’. However, whilst the equity and ownership shares are important, ultimately the fact that you are sharing a debt is most important to bear in mind. A key consideration is what should happen if one of the mortgage borrowers becomes unable to pay their share (e.g. through unemployment). In these circumstances, joint borrowers may wish to consider some form of joint mortgage insurance, e.g. payment protection insurance for their joint mortgage which will service their monthly payments in the event of eventualities such as redundancy. You should seek independent financial advice before arranging joint mortgage protection insurance.

For further information, you may wish to contact our joint ownership solicitor panel. Alternatively, try our joint mortgage calculator for an idea of what you might be able to borrow or if you have found a property, you can start your joint mortgage application by obtaining a no-fee no-obligation joint mortgages agreement in principle from Sharetobuy.com.