Shared ownership remortgage
Published 16th August 2017
How to remortgage a shared ownership property
To remortgage on a shared ownership scheme you’ll need to go through pretty much the same process as a standard remortgage, the difference being you’ll be restricted to only the lenders that offer shared ownership. Because of this narrower range available, the number of products is of obviously less, so the rates won’t always be the best in the market. Having said that, many high street and specialist lenders offer shared ownership products nowadays and rates are still very competitive.
Below is a best rates table to give you an idea of the products out there. To find out which mortgage will be best for you, please fill out an enquiry form.
NOTE: If you are looking to remortgage your shared ownership property and buy the rest of your share so you own the property outright, then you will be eligible for a standard remortgage product and have access to the entire range. The process for this isn’t always straightforward, so get in touch and let one of our shared ownership specialists help you through the process – APPLY HERE.