Shared Ownership Mortgages

What is a Shared Ownership Mortgage?

A Shared Ownership mortgage allows you to buy a portion of a property, typically between 25% and 75%, and pay rent on the remaining share. This scheme is designed to help people who cannot afford to buy a home outright.

How It Works?

Purchase a Share: Buy a percentage of the property and get a mortgage for that share.
Pay Rent: Pay rent on the remaining share owned by the housing association.
Increase Ownership: Gradually buy more shares of the property until you own it outright (known as staircasing).

Benefits of Shared Ownership Mortgages

Lower Deposit: Smaller deposit required compared to buying outright.
Affordable Entry: Easier entry into homeownership with lower initial costs.
Flexibility: Option to increase your share in the property over time.

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Embark on your mortgage journey with confidence alongside Pera Mortgages.
As UK-based mortgage brokers, we understand the complexities of the market. Let our seasoned experts steer you through the maze of options, ensuring a seamless experience tailored to your needs.

First Time Buyers

Are you considering purchasing your first home?
The journey to homeownership can feel like navigating uncharted waters, especially if you're a first-time buyer.
But fear not, because we're here to help make the process smooth sailing from start to finish.

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Remortgaging

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With advice from our expert mortgage consultants, who survey deals from across the market, you can be confident in securing the most appropriate remortgage deal for your needs.

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Buy to Let

A Buy to Let Mortgage could be a good option for those looking to invest in property.
Our team is here to help you, whether you’re just getting started with property investment or looking to expand your existing portfolio.
We’ll be happy to compare deals from different lenders to find a mortgage that suits your needs.

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Moving to a New Home

Moving to a new home is an exciting time, but navigating mortgages can be challenging.
At Pera Mortgages, we’re here to support you!
From traditional mortgages to porting and fixed or variable rates, our advisors are here to provide insights to help you make informed decisions and ensure a smooth transition into your new.

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Explore Your Mortgage Universe

First Time Buyers

Are you considering purchasing your first home?

The journey to homeownership can feel like navigating uncharted waters, especially if you're a first-time buyer.
But fear not, because we're here to help make the process smooth sailing from start to finish.

Tell me more

Remortgaging

We provide extensive remortgage guidance customised to your unique situation.

With advice from our expert mortgage consultants, who survey deals from across the market, you can be confident in securing the most appropriate remortgage deal for your needs.

Tell me more