![]() |
|
||||
In association with:
|
Staircasing and shared ownership remortgagesStaircasing mortgages and shared ownership remortgages – whole of market choiceAt Share to buy, we can arrange a Shared Ownership remortgage for you, and have access to a wide range of Shared Ownership and homebuy mortgage lenders. This also includes shared ownership remortgages with staircasing (i.e. buying additional shares in the property). If you are looking to staircase right up to 100% ownership, depending on your circumstances you should have a choice of products from the whole mortgage market, not just shared ownership providers. Moreover, because we offer both shared ownership and outright purchase mortgages from the whole of the market, we are well placed to assist with shared ownership staircasing to full ownership. Just remember that if you are looking to staircase as part of your remortgage you will only be able to apply once you have had a valuation conducted on your property in conjunction with the housing association. Staircasing calculatorFor most customers, staircasing is likely to involve a new, larger mortgage. Since 100% mortgages are generally not available, we have constructed a staircasing calculator which helps you to find out if you are likely to have enough equity in your home to purchase your desired share, and also provides an estimate of how much the new mortgage might cost. For those who are just commencing their research we suggest you start by using the staircasing calculator, or read on if you wish to make an application or read on if you wish to make an application for staircasing mortgages. The Share to Buy website aims to provide the latest comprehensive information on staircasing and shared ownership remortgages. Our broker feesIn the overwhelming majority of shared ownership remortgage applications, whether with staircasing or not, we do not charge any brokers' fees, and there is never a fee for submitting an agreement in principle application. For full applications, there is a £149 fee for all applications where the loan is less than £50,000. Proceeding with your shared ownership remortgageIdeally, if your application is a straight remortgage (i.e. new shared ownership deal with no staircasing) or if you are staircasing as well and have already had your housing association valuation, you are in a position to get moving straight away and should submit a no-obligation agreement in principle application. Please take care to provide further information about your case in the notes section, particularly if you are staircasing. In particular, in the question 'what type of mortgage are you looking for', please write 'staircasing'. About Share to buy ltd – making housing affordableShare 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 StudiesLatest News100% shared ownership mortgages and great 90% open market deals20th 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. Shared ownership 20129th January 2012 We look forward to an exciting year for first time buyers in 2012. At Share to buy, we are optimistic that 2012 will bring new products and opportunities in shared ownership and affordable housing. As always, we will reguarly be adding properties tn our shared ownership property website. We also hope to bring forward exciting new mortgages for part buy part rent and open market first time buyer 90% mortgages. Tools
|
call us today0845 686 0812or email us with a time to call you Calls charged at local rate.
|
|||