Shared Mortgages
Introduction to Shared Mortgages
When more than one person takes out a mortgage this is normally called a joint mortgage, however, many people might regard this as a traditional term for a married couple or partners taking out a mortgage. Thus, where friends or family take out a Joint Mortgage, many people refer to it as a 'shared mortgage' because they are sharing the costs of buying to overcome the affordability problem faced by many first time buyers, rather than taking out a joint mortgage for life.
Got a legal query on joint mortgages?
Contact our panel of solicitors with specialist knowledge of joint ownership cases, such as friends and family members buying together.
Types of Shared Mortgages
At www.sharetobuy.com you will find a service without fees dedicated to providing the following types of Shared Mortgages:
- Shared mortgage between friends: we have exclusive shared mortgages for buying a property with friends that will take into account not just one or two, but up to four incomes, and also have considerable experience of how the high street mortgage lenders will treat shared mortgages between friends. Most importantly, we also provide a free joint ownership legal agreement covering the key issues of taking out a shared mortgage with friends, such as each person's share in the property.
- Shared mortgage with family members: what we call 'family share to buy'. An increasing number of first time buyers are taking out shared mortgages with family members to get a foot on the property ladder. Click here for more information on buying property with family.
Next steps
If you have had an offer accepted on a specific property or are looking at properties in earnest you may wish to submit a no fee, no-obligation agreement in principle application to see how we could assist. Alternatively, if you have any queries on the legal side of shared mortgages, please contact our partner solicitors who specialise in joint ownership legal services. There is no charge for sending an initial query and no obligation to use our partner solicitors.
Latest News
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.
Shared ownership 2012
9th 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.
For more information go to the share to buy home page.
Tools
- Search: search for shared ownership properties; search for shared ownership solicitors.
- Calculators: shared ownership mortgage calculator; open market calculator.
- Apply: shared ownership mortgages; agreement in principle

