Head of Content
Mortgage Advisor & Director
About the schemes
Co-Own is a shared ownership scheme whereby you own a percentage share in a house - between 50-90% - and the rest is covered.
You are able to increase your share over time to a maximum of 100%. You pay a reduced rent on the share you do not own. If you decide to sell up, you can keep the value increase due to home improvements, and the scheme takes their share of the proceeds.
The Rent to Own scheme is an alternative option for homeownership.
You select a new build house to a maximum value of £165,000 and the scheme will buy it and rent it to you for up to three years. Between the end of the first year and third year, you buy the house for the market value at the time.
Eligibility
- You must not own any other property.
- For the co-own scheme, if you can afford a deposit, you may not be eligible.
- Your credit history will be taken into consideration.
- Under Rent to Own, the house must be new build with a 10-year structural warranty. The house must meet other certain criteria.
- Your household income will be taken into account; if you can afford to buy a house without the scheme, you are not eligible.
- You must be employed or in receipt of certain benefits.
More information
Our team of experienced advisors have helped many people to secure the best deal possible on their Co-Own mortgage, complete our simple online form today to get started!
More information can be found on the Co-Ownership.org website.
Choosing an Adviser
Selecting a qualified and experienced mortgage adviser is of great importance. To choose a suitable adviser, evaluate their qualifications, experience, and reputation, and ensure they are regulated by the Financial Conduct Authority (FCA).
Read reviews from previous clients and make sure they provide a clear explanation of the products and services they offer, as well as the fees and charges associated with them.
