Mortages / Shared Equity

This is a scheme operated by a developer where the developer retains a percentage equity of around 10% in the property. Thus the developer holds a second charge over the property. The 10% owing may be interest free or may incur interest and be added to the total amount owing on the property. By retaining a stake in the property, the developer would benefit from any house price increases, whilst the borrower would have a reduced mortgage to pay.

The overall cost for comparison is 4.7% APR. The actual rate will depend upon your circumstances. Ask for a personal illustration.

 

Other Mortgages:

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For further information on any of our mortgages call us on 0845 519 3825, or use our Call Back Form and we'll call you at your convenience.

Your home may be repossessed if you don not keep up repayments on your mortgage.