Shared Ownership Mortgages

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 Mortgage FAQs

Browse our list of Frequently Asked Questions to learn more about 10% deposit mortgages, 5% deposit mortgages, 90% mortgages and 95% mortgages.
1. What are shared mortgages and how can Share to buy help me obtain one?
Some customers are understandably confused by what is meant by a ‘shared mortgage’. Private individuals might share mortgages, e.g. members of a family, but in fact most shared mortgage schemes are mortgages for shared ownership properties, such as those purchased on a part-rent part-buy basis. In this case, the shared mortgage is for the part of the property you buy, paying below-market rent on the remainder. The Share to buy mortgage team can arrange a Shared Ownership mortgage for you and have access to a wide range of Shared Ownership mortgage lenders covering the main affordable housing schemes, i.e. part buy part rent and shared equity (including FirstBuy). We can arrange 90% mortgages and 95% mortgages for first time buyers and home movers, and have access to exclusive 5% deposit mortgages and 10% deposit mortgages that you may not find on the high street. The 5% deposit mortgage deals are for shared ownership only but we also have a 90% ltv fees-free exclusive from Britannia for graduates buying on the open market.
2. Which shared ownership mortgage providers do you use?
We are shared ownership mortgage brokers and have access to the full range of shared ownership mortgages lenders but we also have access to exclusive and semi-exclusive products including 5 percent deposit mortgages and 10 percent deposit mortgages that you will not find on the high street. We also use our knowledge of up-to-date shared ownership mortgage rates to present the properties on our affordable housing property portal with robust information about the likely deposit you will require and potential monthly payments.
3. What service do you provide?
Share to buy mortgages offers a non-advised service whereby we send you information on the products available to you so that you can make an informed choice but customers seeking shared ownership mortgage advice should contact an independent financial adviser.
4. Where are you based?
We work entirely online and over the phone and are therefore able to arrange mortgages right across the UK. Please note that shared ownership mortgages UK availability will vary because some lenders will only lend in England (or regions thereof), and others only in Scotland, Northern Ireland or Wales. This is partly because affordable housing is a devolved policy area.
5. I am a first time buyer with a 5% mortgage deposit – can you help me?
5% deposit mortgages for first time buyers are not widely available on the open market but the good news is that there are several mortgage lenders with 5% deposit schemes available on shared ownership. 95 ltv mortgages were more widely available before the credit crunch but, 95% loan to value mortgages and 95% mortgage deals are likely to remain restricted whilst the banking sector recovers. In terms of geography, 95% mortgages UK wide are available for most shared ownership and shared equity schemes, though 95% mortgage lenders tend to offer better 95% mortgage rates for shared equity because the loan to value is based on the total property (i.e. a 5% deposit on a 75% share with shared equity is treated as 75% ltv for mortgage lending). We have arranged 95 percent mortgages UK wide, from Dundee down to Devon, and we expect 95% ltv mortgages to remain available across the UK for affordable housing schemes. Our mortgage calculator has rates from all the 95 percent mortgage lenders active in shared ownership, PLUS, we have access to 95 ltv mortgage lenders not available through most other brokers. So, if you need a 95% financing mortgage contact us today.
6. Is there more choice with 90% loan to value mortgages?
As a rule, the more deposit you put down the more competitive the rate, so it is no surprise that 10 %deposit mortgage rates tend to be more attractive than 95 ltv mortgage products for first time buyers. Choice in the first time buyer mortgage 10% deposit category has undoubtedly increased in recent months with some of the best 10% deposit mortgage deals becoming available comparatively recently. At the same time, this greater competition has meant that mortgage rates for 90% ltv have also improved in recent months. Our own exclusive 90% mortgage deals from Britannia have consistently featured amongst the most competitive 90% mortgage rates. Graduates and professionals taking out a joint mortgage with a 10 percent deposit can apply for our exclusive which we believe remains one of the more attractive 90% mortgages in the UK.
7. What about 90% mortgages on new builds?
90% mortgage new build lending is still relatively rare on the open market. It is possible to obtain first time buyer mortgages at 90% on a new build house but we are not aware of any mortgages at 90% ltv for new build flats. 90 per cent ltv mortgage deals are much more widely available for new build property when the purchase is through a shared ownership or shared equity scheme, with 90% mortgages available UK wide in such circumstances for both flats and houses. Indeed, our best buys table includes very competitive 90% fixed rate mortgages ONLY available for new build purchases through the part buy part rent scheme.
8. Are 90% ltv mortgages for first time buyers only?
No. Some 90 percent mortgages for first time buyers are not available to second time purchasers but most 90% mortgage providers will offer their full range of 90% ltv fixed rate mortgages and 90% tracker mortgage to all applicants. That said, it is undoubtedly the case that 90% ltv mortgages are likely to offer most benefit to first time buyers who will not have the equity from an existing property sale.
9. Can I get a 90% mortgage UK wide?
Many 90 percent mortgage lenders operate UK wide but there are exceptions, with some 90 percent mortgage deals restricted regionally or to just England and Wales. Most 90 percent mortgages available UK wide are with the main high street banks but there are 90% mortgage lenders operating in specific areas. This is particularly true of some of the smaller building societies. Our exclusive 90 percent loan to value mortgages from Britannia for graduates are available across the UK.
10. How do I get started?
Use our mortgage calculator with a 10% deposit for an idea of the potential costs on a shared ownership purchase. If you have found a property and are ready to apply, submit an agreement in principle application.We have a great track record when it comes to when it comes to 90% mortgages and 95% mortgages, as well as 10% deposit mortgages and 5% deposit mortgages. Contact us for insightful, up-to-date information on shared mortgages.