We arrange shared ownership mortgages for first time buyers and remortgages to enable owners to release equity from the increased value of their share. The funds can be used for any purpose. MyMoneyOnline is one of the very few companies offering a remortgage service for shared ownership mortgages.

Our lenders offer shared ownership mortgages to enable first time buyers to purchase shares between 25% and 75% without the requirement of a deposit. Some lenders offer a slightly better rate where  5% or 10% of the share is provided by the applicant. There is a scheme that accepts some adverse credit history although the share minimum is 50%.

The remortgage scheme offers up to 100% of the current value of your share. For example if your property is worth £250,000 on the open market and you purchased a 50% share a few years ago for £75,000 then you can remortgage up to £137,500 subject to status. 

By using the search facility you are able to source those mortgage lenders who specialise in this market and compare the terms on offer.

Need help finding the best shared ownership mortgage? Let our financial team find the best deals for you from our panel of lenders.