Where do I start with getting a Shared Ownership mortgage?
After you’ve registered for Shared Ownership you can start house-hunting. Your local housing association will need to carry out a financial assessment to see how much you can buy and how much you’ll need to rent.
You should start to gather the paperwork you need for your Shared Ownership mortgage application so you’re as prepared as possible. You'll need:
Proof of identity (passport or driving licence)
Proof of your current address (usually a utility bill)
Payslips or accounts if you’re self-employed
Proof of your deposit
A credit report
Some lenders don’t offer Shared Ownership mortgages, so it’s a good idea to work with a mortgage broker who can find you the best deal. Our Mortgage Experts know just what to do. Make an enquiry to get started.
If your situation is a bit more complicated, it’s still possible to get a Shared Ownership mortgage. You’ll probably just need a bit of help finding the right lender and putting your application together.
If you have issues such as a bad credit history or a complex income (i.e. self-employed) then working with a specialist like us will really improve your chances of being accepted. Our Mortgage Experts know which lenders are most likely to give you a mortgage, and how to present your situation in the best light.