Free Shared Ownership Mortgage Advice in London
Helping You Step onto the Property Ladder with Affordable Solutions – Shared Ownership Mortgage London
At Home Guru, we specialize in providing free shared ownership mortgage advice to help you achieve affordable homeownership in London. Whether you’re a first-time buyer or looking to relocate, shared ownership allows you to purchase a share of a property while paying rent on the remaining share, making it easier to own a home in the capital.
We proudly serve buyers in Acton (W3), Barking (IG11), Camden (NW1), Hackney (E8), Canary Wharf (E14), and Wimbledon (SW19) with tailored mortgage solutions for shared ownership properties.
Learn more about other affordable options like our New Build Mortgages and 95% Mortgages.
Why Choose Home Guru?
✅ Free Mortgage Advice: Expert guidance on shared ownership mortgages with no fees.
✅ Exclusive Lender Access: Connections with leading lenders offering competitive rates.
✅ Local Area Expertise: In-depth knowledge of London’s most popular areas for shared ownership.
✅ Step-by-Step Guidance: From affordability checks to completion, we’re with you all the way.
✅ Flexible Solutions: Customized options for single applicants, couples, and families.
What is Shared Ownership?
Shared Ownership is a government-backed scheme that allows you to buy a share of a property (between 25%-75%) and pay rent on the remaining share. Over time, you can “staircase” to buy more shares, eventually owning 100% of the property.
Key Features:
Lower Deposit Requirements: Pay a deposit only on the share you purchase.
Affordable Monthly Payments: Combination of mortgage payments and reduced rent.
Staircasing: Option to increase your ownership over time.
Ideal for First-Time Buyers: Designed to make homeownership more accessible.
Learn more about Shared Ownership on the Government’s official site and explore more shared ownership properties on Peabody Shared Ownership and L&Q Shared Ownership.
Major Shared Ownership Developments in London
Acton Gardens (W3)
Large-scale regeneration offering modern shared ownership homes.
Barking Riverside (IG11)
Affordable shared ownership apartments with excellent transport links.
Royal Wharf (E16)
New riverside community near Canary Wharf with shared ownership options.
Greenwich Peninsula (SE10)
Modern shared ownership flats with riverside views and cultural hotspots.
Canada Water (SE16)
Urban living with access to shared ownership properties close to central London.
Wembley Park (HA9)
Affordable shared ownership homes near London’s iconic stadium.
Lender Comparison: Shared Ownership Mortgage Options
Nationwide
Minimum Share Purchase: 25%
Maximum LTV: Up to 95% of the share purchased.
Halifax
Minimum Share Purchase: 25%
Maximum LTV: Up to 95% of the share purchased.
Leeds Building Society
Minimum Share Purchase: 25%
Maximum LTV: Up to 95% of the share purchased.
Virgin Money
Minimum Share Purchase: 25%
Maximum LTV: Up to 95% of the share purchased.
**Unsure which lender is best for you? **Speak to an Expert
Current Shared Ownership Mortgage Lenders We Work With
We have access to exclusive deals from leading lenders, including:
From fixed and variable-rate mortgages to remortgages, repayment, and interest-only options, with access to over 90 trusted lenders including Barclays, Halifax, Santander, Nationwide, Virgin Money, and more.
Discover the right mortgage for you with Home Guru, where your mortgage journey begins with a friendly, welcoming touch!What sets us apart from other mortgage brokers is our commitment to providing our customers with a fee-free service.
Each lender has unique criteria, and we ensure you find the right fit.
Shared Ownership Mortgage Process London
Step-by-Step Guide
Initial Consultation: We assess your eligibility and budget, including discussing your potential for an Agreement in Principle (AIP) to strengthen your buying position.
Affordability Check: Determine the share size you can purchase based on your financial situation and the AIP.
Mortgage Application: We match you with the best lender for your needs and assist in securing your mortgage offer.
Legal Process: We coordinate with solicitors to manage contracts and ensure a smooth property purchase.
Completion: Finalize your mortgage and receive the keys to your new home.
Ready to Get Started?
Contact Us Today for Free Advice in London!
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Frequently Asked Questions (FAQs)
Am I eligible for shared ownership in London?
Can I buy more shares in my property?
What costs are involved with shared ownership?
Can I sell my shared ownership property?
Are there extra fees with shared ownership?
How does staircasing work in shared ownership?
Which lenders offer the best shared ownership mortgages in London?
What is the minimum deposit for shared ownership in London?
What is a Agreement in Principle in London?
A agreement in principle in London (also known as an decision in principle) is a conditional offer from a lender stating how much they are willing to lend you based on your financial circumstances. While it is not a guarantee of a mortgage, it shows sellers in London that you are a serious buyer with potential financing.
How Long Does the Mortgage Application Process Take in London?
The mortgage application process in London can take about a week, depending on the complexity of your situation and the lender’s requirements. It involves submitting documentation, undergoing a credit check, and waiting for the lender’s approval.
Can I get a shared ownership mortgage with bad credit?
Yes, some lenders offer shared ownership mortgages for buyers with less-than-perfect credit. Contact us to explore your options.
Are Your Mortgage Broker Services Free in London?
What Areas in London Do You Serve
We provide mortgage advice to first time buyers across all London postcodes, including Acton, Canary Wharf, Chelsea, Richmond, and more. Whether you’re looking to buy in North, South, East, or West London, Home Guru has local expertise to help you find the best mortgage deal. we proudly extend our expert mortgage assistance and advice across London including the following areas:
Acton W3
Barking & Dagenham IG11
Barnet EN4 & EN5
Battersea SW8 & SW11
Bayswater W2
Bexley DA5
Bexleyheath DA7
Brent Cross & Hendon NW4
Broxbourne EN10
Camden NW1
Canary Wharf E14
Canning Town E16
Chelsea SW3 & SW10
Chigwell & Hainault IG6 & IG7
Chiswick W4
Clapham SW4
Clayhall IG5
Colindale & Kingsbury NW9
Cricklewood, Dollis Hill, Childs Hill, Willesdan & Neasden NW2
Croydon CR0
Dagenham RM8, RM9, RM10
Ealing Broadway W5
Edmonton Green N9
Edmonton N9
EN6 Potters Bar
Enfield EN1, EN2 & EN3
Fulham SW6
Grays RM16, RM17 & RM20
Greenwich SE10
Hackney E8
Hampstead & Swiss Cottage NW3
Harlesden, Kensal Green & Wilesden NW9
Hayes UB3,
Herne Hill SE24
Hertford SG14
Hoddesdon EN11
Holland Park W11
Holloway N7
Hornchurch RM11 & RM12
Hornsey N8
Islington N1
Kensignton W8, W11, W14, SW5 & SW10
KIlburn, Queens Park & West Hampstead NW6
Lambeth & Southwarl SW2
Loughton IG10
Muswell Hill N10
Notting Hill W11
Peckham SE15
Purfleet RM19
Rainham RM13
Richmond TW9, TW10, TW11
Romford RM1, RM2, RM3, RM4, RM5, RM6, RM7
South Ockendon RM15
SouthGate N14
St Albans Al1
Stevenage SG1 & SG2
Stratford E15
Thamesmead SE28
Tilbury RM18
Tooting Broadway SW17
Upminster RM14
Waltham Abbey EN8 & EN9
Waltham Cross EN7 & EN8
Walthamstow E17
Wandsworth SW18
Wimbledon SW19
Woodford Green IG8
Leyton E10
What Fees Are Involved in Getting a Mortgage in London?
Common fees associated with obtaining a mortgage in London include arrangement fees, valuation fees, and legal fees. Some mortgages also have early repayment charges or exit fees. It’s important to understand all costs upfront to avoid any surprises when buying in London.