Are you looking for Shared Ownership in Peterborough? You’ve ended up in the right place. Talk Mortgage Broker Peterborough is one of Peterborough’s leading Mortgage Brokers, and we are here to help provide you with the best options for you.
What are Shared Ownership Mortgages in Peterborough?
Shared ownership is a type of home financing option in the UK, including in Peterborough, that allows homebuyers to purchase a portion of a property and pay rent on the remaining amount. This can be a good option for those in Peterborough who need help to afford the full purchase price of a property or who do not qualify for a traditional mortgage. In most cases, homebuyers are required to purchase at least 25% of the property and may have the option to purchase more over time.
In order to qualify for a shared ownership mortgage in Peterborough, homebuyers must meet certain income and eligibility requirements. These requirements can vary depending on the specific housing association and the location of the property.
Do I qualify for Shared Ownership Mortgage in Peterborough?
You must be at least 18 years old.
Outside of London, your annual household income must be less than £80,000.
In London, your annual household income must be less than £90,000.
You cannot own another home. Shared Ownership purchasers are often first-time buyers, but if you do already own another property (either in the UK or abroad), you must be in the process of selling it.
You should not be able to afford to buy a home suitable for your housing needs on the open market.
You must show you are not in mortgage or rent arrears.
You must be able to demonstrate that you have a good credit history (no bad debts or County Court Judgements) and can afford the regular payments and costs involved in buying a home.
How can Talk Mortgage Broker Peterborough help me with a Shared Ownership Mortgage?
Our experienced mortgage brokers will provide you with fully regulated mortgage advice by the most suitable means, whether in person or on the telephone. We are an appointed representative of Openwork Ltd and with that Openwork’s compliance departments frequently monitor our shared advice to ensure that our brokers deliver the most appropriate advice for every client. We have access to 70 lenders and over 23,000 mortgage deals.
Talk Mortgage Broker has your best interests at heart. Our mortgage brokers will search hundreds of deals from lenders across the country, looking for great rates and exclusive offers whilst also taking into account your financial situation as well as the reliability and reputation of the lender.
Who is Talk Mortgage Broker Peterborough?
At Talk Mortgage Broker Peterborough, we aim to provide you, the customer, with no obligation and helpful advice concerning your mortgage needs. The journey begins with a no-obligation consultation with one of our advisors, who specialise in comparing hundreds of deals to meet the needs of each client. Our brokers will assist you with finding the perfect mortgage and applying for it, and then there to congratulate you at the end of the process. Advisors at Talk Mortgage Broker are there for new and existing homeowners, those looking to reduce their monthly spending, and professional investors.
Have a conversation with our friendly team today!
Getting the most valuable deal with a buy to let mortgage involves a fair bit of research and comparison. Talk Mortgage Peterborough will do all the legwork for you – we explore your specific situation and find good value deals to meet your needs. We’ll look at rates, fees and criteria to recommend a suitable first buyer mortgage deal.
Contact us today for advice and recommendations on your Shared Ownership Mortgage options.
Because we play by the book, we want to tell you that… Your home may be repossessed if you do not keep up with repayments on your mortgage.
