Loan£220,000
Value£340,000
LTV65%
TimingOffer in 4 weeks
| Property | Two-bedroom house |
|---|---|
| Location | Lockleaze, Bristol |
| Client | Shared owner, employed couple |
| Product | Shared ownership & RTB |
The challenge
The couple owned 50% of their home and wanted to buy the rest, ending their rent payments. Their existing lender would not lend the extra amount.
What we did
We arranged a remortgage to repay the existing loan and fund the remaining 50%. We coordinated the RICS valuation required by the housing association with the lender's valuation. We explained the legal and valuation costs involved.
The outcome
The couple staircased to 100% ownership and stopped paying rent.
Shared ownership and Right to Buy mortgagesMortgages for shared ownership, Right to Buy and other affordable home ownership schemes.
Learn moreImportant: Your home may be repossessed if you do not keep up repayments on your mortgage. There may be a fee for mortgage advice: up to 1% of the loan, typically £500.