Affordable Housing Schemes
“The Mortgage Advice Group offers a brilliant service and the whole team is amazing. Kate is brilliant, extremely efficient and always keeps you in the loop. I’m currently purchasing my first shared ownership home thanks to them! I would highly recommend!”
S Kaur – First Time Buyer April 2022
Shared Ownership and Help To Buy Mortgages Explained.
Here at Redditch Mortgage Advice we are proud to have helped so many clients get mortgages in Bromsgrove & Redditch with an affordable housing scheme. As the best mortgage advisor in Redditch, we help clients achieve a dream which they never thought was possible. We will hold your hand and guide you through the process from the day you first talk to us until the day you get your keys for your new home and beyond.
When applying for a mortgage, advice on more complex aspects of the process is often the difference between being accepted and being rejected. Whether you’re a contractor looking for an agency worker mortgage, or applying for a mortgage on a zero hour contract, Redditch Mortgage Advice can help.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
Shared Ownership
Shared ownership is a scheme which allows you to purchase a share of a new home which will be decided based on your affordability. The remaining share will be rented from a local housing association. As the best mortgage advisor in Redditch, we support you applying to the housing association as well as through the mortgage process.
Understanding Affordable Housing Scheme
It is really important that your mortgage broker understands how these schemes work and has experience in submitting these types of mortgage applications, including applications for a mortgage on a zero hour contract. At Redditch Mortgage Advice we regularly deal with mortgages on these schemes and have relationships with local housing associations and developers.
Help to Buy Equity Loan Remortgage
If you’ve purchased a property using an equity loan, we offer personalized mortgage guidance to help you understand the remortgaging process in detail. Additionally, we’ll assess your options for repaying the equity loan and support you in liaising with Help to Buy while ensuring smooth coordination with solicitors managing the process.
Get On The Ladder With NO Deposit*
Did you know that there are options for shared ownership mortgaged with ZERO deposit so you would only need to save for the costs involved in buying a property? Please talk to us to get more information.
*subject to availability and meeting lenders criteria
Speak with one of our team
Our Locations
Prospect House, Church Green West, Redditch, B97 4DJ
301 Pershore Road South, Kings Norton, Birmingham, B30 3EX
The Mortgage Advice Group is a trading name of McTernan Financial Limited an Appointed Representative of Primis Mortgage Network, a trading name of Advance Mortgage Funding Limited (FRN 305008) which is authorised and regulated by the Financial Conduct Authority.
Registered Office: Prospect House, Church Green West, Redditch B97 4DJ. Registered in England and Wales. Company number: 09168296.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE
The Financial Conduct Authority does not regulate all Buy to Let mortgages
We charge an arrangement fee of £395 which is payable when a full application is made to a lender. This is a Lifetime fee which is payable by new customers when their first application is made. Your adviser will agree your arrangement fee with you before commencing any chargeable work.
The guidance and/or advice contained within this website is subject to the UK regulatory regime and is therefore primarily targeted at consumers based in the UK.