Did you take the step onto the property ladder through Shared Ownership as house prices were just out of your reach? When you re-mortgage you can also purchase more of the share of the property and build up to owning your own home. Have a listen to the 60 second clip and if you need to know more get in touch via email email@example.com Your home may be repossessed if you do not keep up repayments on your mortgage.
hello and welcome to today’s 60-second snippet into the mortgage world and today’s subject is the government help to buy but five years on. The lenders are calling this staircasing. So five years ago you may of purchased a property using this scheme and that’s the first point where the lenders are trying to encourage you to look into whether or not you can purchase an additional share i.e. own more of the property. It’s very complicated there is a big process in order to do that but what we’re inviting you to do is to discuss that with someone that understands the industry, who can look at your circumstances and present the scenarios to you so you can make an informed decision whether or not it’s the right time. The government help to buy is a fantastic scheme but it’s there for you to purchase more of the share of the property in the future, speak of someone that can help