MORTGAGES
Shared Ownership MortgagesLooking to take the first step onto the property ladder? Shared ownership mortgages can turn your dream of owning a home into reality.
Shared Ownership
Your Path to Homeownership Starts Here
At Tina Cranfield Financial Services, we specialise in helping first-time buyers and shared ownership applicants secure the best deals available, tailored precisely to their needs.
Whether you’re just beginning your homeownership journey or looking to staircase your way to full ownership, we’re here to guide you through every step of the process.
What Is a Shared Ownership Mortgage?
Shared ownership is a government-backed scheme designed to help people get onto the property ladder. It allows you to purchase a share of a property (typically between 25% and 75%) and pay rent on the remaining share. Over time, you can increase your ownership share—a process known as staircasing—until you own 100% of the property.
This solution is ideal for first-time buyers or those with limited deposits who want an affordable way to enter the housing market.
Benefits of a Shared Ownership Mortgage
Choosing a shared ownership mortgage offers several advantages, including:
Lower Initial Costs
You only need a deposit on the share you’re buying, making homeownership more accessible.
Affordable Monthly Payments
A combination of a smaller mortgage and subsidised rent often means lower overall costs compared to renting privately or owning outright.
Flexibility to Buy More
With staircasing, you can gradually increase your ownership share when you’re financially ready.
Long-Term Investment
Benefit from the stability of homeownership and the potential for property value appreciation over time.
How We Help
At Tina Cranfield Financial Services, we take the complexity out of shared ownership mortgages. Our expert team offers personalised solutions to match you with the right mortgage for your situation.
Here’s how we can help you on your shared ownership journey:
1. Initial Consultation
We start with a free consultation to understand your financial situation and priorities.
2. Expert Market Access
Using our access to the entire mortgage market, we’ll search for the most competitive rates and deals.
3. Staircasing Guidance
We’ll help you understand your options for increasing your share and make the process seamless.
4. Tailored Advice
Whether it’s assistance with affordability checks, legalities, or finding the right protection policies, we’re by your side at every stage.
You may have to pay an early repayment charge to your existing lender if you remortgage.
Your home may be repossessed if you do not keep up repayments on your mortgage.
Why Choose Tina Cranfield Financial Services?
- Over 25 years of experience in the financial sector.
- A personalised approach to suit your unique needs.
- Unmatched expertise in shared ownership and staircasing.
- Transparent pricing and professional guidance every step of the way.
We pride ourselves on building strong, trusting relationships with our clients, and our commitment to your success is unwavering. Shared ownership might seem daunting at first, but with expert support from Tina Cranfield Financial Services, it doesn’t have to be.
Find Us
Suite 1 Matthew Temple House,
The Broadway, Woodhall Spa, Lincolnshire LN10 6ST