Shared Ownership Mortgage Agreement in Principle

Agreement in principle or full application

Submit an agreement in principle application to the Share to Buy mortgage team if:

  • you have been offered a property or asked by the housing association/seller to obtain an agreement in principle and need to find a mortgage
  • or are looking at specific properties and may need a mortgage soon

Use our Mortgage Comparison tool to search for mortgages from across the market, and you can apply for an agreement in principle once you have selected a mortgage, or if you have already had an offer accepted for a property or asked by the housing association/seller to obtain an agreement in principle, you can proceed straight to our agreement in principle application.

If you are just researching potential costs for a Shared Ownership mortgage, and do not yet have any specific properties in mind, you should generally use our Shared Ownership mortgage calculator (coming soon) and submit an agreement in principle further down the line.

How it works

  • You submit personal details about each applicant using our secure online agreement in principle application form.
  • We will respond with illustrations for mortgages that you may be able to apply for, ideally showing you a range of competitively priced options.
  • At this point, we will not have run any credit checks and when we send you the illustrations there is no obligation to proceed any further.
  • If you like one of the options, you can request an agreement in principle from the lender and this may involve a credit check but we would only conduct a credit check with your explicit consent.
  • If you pass the initial check and have not yet had an offer accepted on a property or been asked by the housing association/seller to obtain an agreement in principle, you can now provide proof that you should be able to obtain a mortgage. If you have had an offer accepted or have been asked by the housing association/seller to obtain an agreement in principle, you can log back in to complete a ‘full application’, i.e. providing property details, solicitor etc. We will then arrange the mortgage for you right up to completion, taking care of any paperwork or fees (where appropriate) and keeping you regularly updated as to developments.

Important notes

  • There is no fee for submitting the agreement in principle application.
  • An agreement in principle is not binding on either you or the lender and is always subject to, amongst other items, valuation of the property and proof of income.

With Share to Buy you can compare Shared Ownership Mortgages from across the market, and if you have found a property to buy, apply for an agreement in principle.