Shared Equity

Currently known as the Government’s “Open Market Home Buyers Scheme”, it enables you to buy 75% of the property using a mortgage from a select number of lenders, and the remaining 25% is a “top-up” home loan from the mortgage lender and the Government.

After 5 years a small amount of interest is payable on the top-up shared equity loan, which is fully repayable when you sell the property.

We do not make a charge for an initial consultation.

YOUR HOME MAY BE REPOSSESED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

You may have to pay an early repayment charge to your existing lender if you re-mortgage.

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