Need shared-ownership advice? Contact mortgage broker, Deal Direct.
Contact independent mortgage broker, Deal Direct, for expert advice shared-ownership mortgages.
According to market analysts, the numbers of people searching for and securing shared-ownership mortgages are dwindling.
Although it is widely accepted there is a lack of good housing stock throughout the UK, there is surprise that the shared-ownership option has not been more successful.
Many lenders, such as Virgin and Teachers BS, for example, offer ranges that cater for the shared-ownership market. Lenders like to make a variety of mortgage types available to be flexible and fulfil the requirements of different borrowers and their rates also vary.
Perhaps an explanation for the situation could be the perception that shared-ownership mortgages are expensive. However, this is not the case as each lender has different tariffs and some mortgages offer more value than others. The trick is knowing who is offering what and when.
Another explanation could be a lack of expert advice about how to apply for and secure a shared ownership mortgage. Having the ins and outs fully explained by an expert can help you decide if shared-ownership is the correct way for you to purchase property. Proper advice could also make you aware of other schemes that may be even more suitable and help fulfil your home-ownership dream.
Deal Direct are experts on all types of mortgages and can offer you guidance and advice that helps you to make an informed decision.
Speak to an advisor now by calling 0800 048 8828.
