Helping you secure your home
Shared ownership homes are provided through a housing association. They work by offering first-time buyers a share of the property ownership. You can buy a share of between 25% and 75%, and then pay rent (less than the rate charged on the open market) on the remaining share. The shared ownership scheme is available only to first time buyers or those who can no longer afford the home they own.
It is essential to obtain advice on this type of transaction to ensure you are arranging a suitable mortgage to your needs. These properties are very popular, and at D O’Kane Financial Services we are able to help put you in the strongest possible position to help secure your home.
As a mortgage is secured against your home or property it may be repossessed if you do not keep up the mortgage repayments.