Mortages / Shared Equity

This is a scheme operated by a developer where the developer retains a percentage equity of around 10% in the property. Thus the developer holds a second charge over the property. The 10% owing may be interest free or may incur interest and be added to the total amount owing on the property. By retaining a stake in the property, the developer would benefit from any house price increases, whilst the borrower would have a reduced mortgage to pay.

Other Mortgages:

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For further information on any of our mortgages call us on 0191 268 1049, or use our Call Back Form and we'll call you at your convenience.