Shared ownership mortgage
Mortgages & secured lendingA mortgage used to buy a share of a shared ownership property.
Overview
It is usually smaller than a full mortgage because you buy only part of the property.
You still need to pass affordability checks.
Why it matters
- It enables home ownership with a smaller deposit.
- It affects your credit file like any mortgage.
- It combines mortgage and rent costs.
FAQs
Is a shared ownership mortgage different from a standard mortgage?
It is similar but tailored to shared ownership properties.
Does it affect my credit score?
Yes. Payments are reported as a mortgage account.
Related terms
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