How To Staircase Shared Ownership?
Milton Rodrigues
Updated on 21 August, 2025
As you know shared ownership property allows you to own a specific percentage of the house. The control you have as a shared owner is limited to your property share. If you want to increase your stake in the property, you can staircase shared ownership.
What is Staircasing in Shared Ownership?
In shared ownership, staircasing refers to the process of buying more shares in your property to own a greater portion of the property. Depending on the terms of your lease, you are allowed to staircase after living in the property for a specific duration. This allows you to have more ownership in the property by buying more shares.
Staircasing allows property owners to build their property shares up to 100%. By staircasing, you can become the absolute owner of your property over time.
Work with your mortgage broker and advisor to check if you have enough equity in your property to staircase shared ownership or you will need to have deposit from saving. They will also help you calculate the estimated cost of the new mortgage after staircasing the property.
Are There Any Restrictions on Staircasing?
The restrictions on staircasing depend on your lease’s terms and conditions. Ensure that you read your lease carefully before staircasing your shared ownership.
In most cases, the restrictions limit your maximum property share. For example, your lease may limit your maximum property share to 80%. Under such circumstances, you cannot staircase shared ownership over 80% of the property. In other words, you cannot assume absolute ownership of your property.
However, most of leases allow shared owners to buy 100% equity in the properties they live in.
What is the Process to Staircase Shared Ownership?
Let’s understand how staircasing works,
1 Contact your housing association to let them know you wish to buy additional share.
- You will then need to hire an independent surveyor who will visit your property and calculate its current value. Most valuations are valid for three months. After the valuation, you will receive a copy of the same, asking you if you want to continue with staircasing.
- Your housing association will do affordability assessment if you are not buying 100% shares. Once the assessment is done then you will know maximum share you can purchase.
- Find your self skilled Mortgage Broker near you. Mortgage broker will help you with mortgage application.
- Find yourself a conveyancer who will work on the legal side of purchasing additional share. Your mortgage broker may help you with this one.
- Staircasing is lengthy process which take longer to complete compare to freehold purchase.
 |
What are the Existing Staircasing Rules?The new shared ownership model does not apply to the existing shared owners. If you are already a shared owner and want to buy more shares in your property, you need to approach your housing association and give them a notice about your intent.
What are the New Staircasing Rules? According to the new rules, shared property owners have an option of staircasing by 1% every year for 15 years from the purchase date. However, it is important to note that there will be a transition period between 2022-23, where some new properties will have leases as per the existing staircasing regulations. The others will be in sync with the new rules. Shared owners willing to take up the option of staircasing by 1% every year do not need to pay for an independent property valuation. Moreover, their fees will be considerably reduced. If an existing lease has been transferred to a new owner, the 1% option will still apply to staircasing. |
How Much Does Staircasing Shared Ownership Cost?
Along with the obvious price of the additional shares you want to purchase, some other costs are involved in staircasing your property. It is advisable to have around £2,000 for the entire legal process, it may vary depend on the lease and the property price. Mortgage broker may charge fees of £495. But you can find Free Mortgage broker who would guide you through without charging broker fees.
Most of the time staircasing is done while remortgage is due to save on early repayment charges if you must change the lender. You may need to have deposit towards the purchase of additional share if you do not have equity in the property.
while the exact amount will vary for different owners.
Always ensure that you have your expenses mapped and arranged before going ahead with staircasing.
What Are the Benefits of Staircasing?
There are many reasons why a current shared owner would want to increase the percentage they own in their home.
Some of the benefits of the staircasing shared ownership are your mortgage will increase while your rental payments will decrease at the same time.
In most instances, you can purchase up to 100% of your home, in which case you would no longer pay any rent, just your mortgage along with any outlined service charges and ground rent. This means you will pay off the mortgage quicker than paying rent.
Another benefit is you keep the whole share from increased property prices. If you go on to buy 100% of your home, price increase will only benefit the homeowner not a housing association.
If your staircase to 100% ownership, you will likely have access to a wider selection of mortgage lenders as you would be eligible for a standard mortgage, rather than a Shared Ownership mortgage from limited lenders.
How Will Staircasing Affect My Mortgage?
Unless you can afford to pay for the additional shares from your savings, staircasing will normally involve borrowing more on existing mortgage or remortgaging altogether to new lender. Many owners choose to contact a expert mortgage broker with experience in Shared Ownership like MariannaFS in staircasing process to help them find the best deal that suits their needs.
Will I Pay Stamp Duty If I Choose to Staircase Shared Ownership?
At the time of purchasing your Shared Ownership home, you will have the choice of making a one-off Stamp Duty payment based on the total market value of the property, or you can choose to pay the Stamp Duty in stages, like paying what is owed on the initial share you buy and then again for any additional shares purchase in future.
However, if you choose to pay in stages, there will be no Stamp Duty to pay until your own share reaches 80% and above of the property price.
How do I pay for additional shares of my shared ownership property when staircase?
If you’re considering shared ownership staircasing, you’ll need to think about how you’ll fund the purchase of the additional shares. Many mortgage borrowers choose to borrow on existing mortgage by additional borrowing or Remortgaging to new lender.
Very few would use the savings to pay for staircasing.
Do I Need A Deposit To Staircase Shared Ownership?
On many occasions you don’t need a deposit to staircase. You can use the equity you’ve built up in the share you already own to act as a deposit when applying for your mortgage. But if property price has gone down which means negative equity or you may want to buy bigger share then you may need a deposit while staircasing shared ownership property.
How Many Times Can I Staircase Shared Ownership?
Before housing association allowed staircases three times but after changes were made to this policy in 2022 many properties no longer restrict number of times you can staircase. However, always check this information with your housing association regarding shared ownership staircasing. Given that you’ll pay admin fees, valuation and mortgage change every time your staircase it makes sense to buy as bigger share which you can afford.
Can I Sell My Shared Ownership Home?
Yes is the answer but if you own less than 100% of your home, you’ll need to contact housing association to inform them and you’ll also need to organise a valuation of your property to know its value. Your provider will have usually 4 to 12 weeks when they can exclusively market your property. If your property doesn’t sell, then you can sell the property through an estate agent.But if you own the property 100% then you can sell it in open market.
More Guides
Do-you-need-a-deposit-to-remortgage
While remortgaging generally does not required a deposit, you will still need to incur additional expenses along the way.
Mortgages For Contractors
Being a contractor has its benefits, but when it comes to proving earned income for mortgage then it can be very complex
Mortgages For Foreign Nationals
Foreign nationals can own properties in the UK as visa does not stop them. However, the process may get challenging when obtaining mortgage to purchase the property
6 Times Salary Mortgages
6x salary mortgages that significantly increase their borrowing capacity up to 30 %
Average Mortgage Payments
Monthly mortgage payment depends on a number of factors, including interest rates, deposit amount .
Mortgages For Company Director
Mortgages for company director is for those who runs their own limited company & take salary plus dividend as part of remuneration.
40 Year Mortgage
Most people go for longer term mortgage as long as 40 years and some lender now offer 40 years mortgage to keep monthly payment more manageable and borrow more.
NatWest Mortgage In Principle
NatWest mortgage in principle , what are the benefits and how to get one.
Halifax-2-years-fixed-rate-mortgage
Halifax’s 2 year & 5 year fixed rate mortgages for first time buyers.
Halifax’s fixed remortgage rates for 2 year and 5 years.
Halifax Mortgage In Principle
Halifax mortgage in principle , what are the benefits and how to get one.
What documents required to Remortgage?
Remortgaging is the process of switching an existing mortgage deal with a new one at the end of the fixed term.
Most people often choose to remortgage their property for better rates. Some people choose to stay with same lender, but some fail to remortgage on time resulting a lot more monthly mortgage payment.
Usually remortgage will involve remortgaging with same lender or change the lender. Remortgage with same lender is called product transfer. Which is simple process and required less paperwork compared to remortgage to different lender.
Should I Get A 35 Years Mortgage?
Most people go for longer term mortgage as long as 35 years and some lender now offer 40 years mortgage to keep monthly payment more manageable and borrow more.
Lender would lend more in mortgage for 35 years term compared to short term mortgage, as it increases the affordability by reducing monthly payments.
How to prove the Income of a Company Director
Income is the main factor in mortgage approval. How much you can borrow will depend on what income can be used
First Time Buyer Mortgages
Having a fee free mortgage broker by your side can help you to secure a better mortgage as a first time buyer.
Compare Remortgage Rates
A Remortgage can be with the same lender or a new lender. Mortgage borrowers will normally choose to remortgage at the end of their fixed term which will save them a significant amount of money
Add Some One To Mortgage?
If you have got a Mortgage by yourself and are thinking to add someone else on the mortgage, this is known as a Transfer of equity
Mortgage Application Timeline?
Your mortgage application approval, however, can take from 2 to 6 weeks.
Mortgage Broker Fees
Learn all about what a mortgage broker charges, from the types of fees to fee-free mortgage brokers and how do mortgage broker get paid
Types Of Uk Houses
The UK housing market is made of 7 major types of houses. Detached , Semi-detached , Terrace , End terrace ,Bungalows ,Cottages , Flats, Maisonettes.
Natwest Mortgage Rates
The best first time buyer mortgage rate from Natwest will start form 4.14 % for 2 year fixed with £1499 in fees. Natwest remortgage best mortgage rates from 3.99% fixed for 2 years.
Nationwide Product Transfer
At the end of your Nationwide fixed term mortgage, you can change to a new mortgage deal without changing lenders; this is known as a Product Transfer.
Mortgage Approval Time
Mortgage applications through a mortgage broker can take up to 2-3 weeks for approval. Which is a lot quicker than going direct to lender.
BM Solution Mortgage Rates
BM solutions mortgage rates for new customers or BM solution mortgage rates for existing customers speak to our friendly advisors.
Barclays Remortgage Guide
Barclays are offering a better mortgage deal, you can certainly go ahead with the rate switch process, making sure no ERC are payable.
Low Deposit Mortgage
Gathering a sufficient deposit is a big challenge every first-time buyer faces along the way of property ownership. Many mortgage borrowers start saving up for a decent deposit well in advance before making their mortgage applications.
Mortgage With Default?
Yes, you can get a mortgage with a default. In most cases, borrowers with bad credit seek help from mortgage brokers work with specialised lenders. These lenders can offer mortgages to borrowers depending on various circumstances. These circumstances include severity of the default, number of missed payments, time of defaults, and more.
Nationwide Mortgage Porting
Mortgage porting is you move your current mortgage to your new home. If you are planning to port your mortgage with Nationwide, it is always advisable to you work with an experienced independent mortgage brokers who knows the market well.
What Is Mortgage Porting?
Mortgage porting is you move your current mortgage to your new home. The current mortgage terms and condition will remain the same through out the fixed term of your mortgage. Not all the mortgages are portable, or it can depend on couple of factors.
Santander-fixed-rate-mortgage
Santander offers 2 years fixed rate mortgage and 5 years fixed rate mortgage for first time buyers, home mover and for remortgage
Santander Mortgage Porting
If you have an existing mortgage with Santander and want to retain it while purchasing another property, you can approach Santander for mortgage porting.
Barclays Mortgage Porting
Mortgage porting can be very easy and straight forward process if done right first time with the help of no fee independent mortgage broker.
HSBC Mortgage Rates
HSBC offers a range of the latest mortgage rates for their customers. Having the right mortgage deal can help you save big on monthly mortgage payments.
Nationwide Helping Hand Mortgage
Nationwide Helping Hand mortgage first time buyers are eligible to borrow a little more than the normal loan to income ratio while meeting the necessary criteria.
How Long It Takes To Remortgage
What is remortgaging?
Remortgaging is the process of switching an existing mortgage deal with a new one at the end of the fixed term. Clients often choose to remortgage their properties for better rates to save up on their monthly payments.
Some of the common reason for remortgage are settling existing debts, making investments, or home improvements. We would bring the best remortgage deals at your disposal based on your requirements.
How long does it take to remortgage ?
99% Mortgage For First Time Buyer
It is been reported government is planning to introduce new 99% LTV mortgage with 1 % deposit to help first time buyer to be on the property ladder.
Remortgage With Same Lender?
When it comes to remortgaging your home, there are two major ways in which you can go about it.
You can either stay with the same lender and replace your existing mortgage deal with a new one or find a new lender and get yourself a new deal.
Based on your circumstances, it is important to choose the most feasible option.
Work with a reliable and capable remortgage broker to guide you in making the right decision.
Let us start by understanding is its good idea remortgaging with same lender?
Mortgage Jargon Explained
Mortgage Jargon Terms used .
The property market is no less than a field of study with important terminologies you should make yourself familiar with. Whether you are looking for a first-time buyer mortgage or wish to remortgage your house, it is advisable to know the jargon terms used by mortgage brokers, financial advisors, mortgage lenders, property dealers, and all other parties operating in the market.
Here are some of the most common and important jargon terms you should know and remember as you apply for a mortgage to purchase your new house:
Agreement In Principle
Self-employed Mortgage
While buying a property is a dream come true, many self-employed individuals find themselves worrying about getting mortgages.
How To Get Mortgage On Visa
If you live in the UK and are still on a VISA, you can purchase a property on a mortgage, even if you do not have an ILTR (indefinite leave to remain).
Higher Interest Rates And Remortgaging Options
As of the August of 2023, the Bank of England has increased its base rate for the 14th consecutive time, making it more difficult for borrowers to get good mortgage deals. The current base rate of 5.25% is the highest it has ever been since March 2008. Speaking of high rates, the average two-year fixed mortgage rate in the UK is now at 6.85%, crossing the peak of 6.55% in October.
What Is APRC?
APRC refers to the annual percentage rate. As the name suggests, it is the rate of interest a lender charges for their loan on an annual basis. This interest is often associated with financial instruments like credit cards, loans, mortgages, etc. It lets the borrowers know how much interest they will be charged for the amount borrowed annually.
What Is A Credit Score?
In simple words, a credit score is a number that represents your creditworthiness.
The number is given to every citizen of the UK above the age of 18, making them eligible for financial borrowing.
Your credit score plays an important role in financial lenders approving your applications and lending you money. The higher your credit score is, the better your profile looks to a potential lender. High credit scores often convince lenders to lend money. On the other hand, a lower credit score may increase the chances of declining your mortgage application
While every lender uses different methods to calculate your credit score, all of them use information obtained from three major credit reference agencies – Experian, Equifax, and TransUnion. These agencies work with building societies, banks, retailers, mobile phone companies, and other relevant entities to help them decide if a borrower is capable of repayments.
What Is Loan To Value
When you are getting a mortgage to purchase or remortgage a property, the rate of interest and the deposit to be paid are the two most important factors that influence your decision. Both these factors decide the repayments you would be required to make over time.
Another highly important factor that dictates your choice and influences the two factors mentioned above is loan-to-value (LTV) or the LTV ratio. Every mortgage lender takes LTV into consideration before offering a suitable mortgage deal to the borrowers.
So, what is loan-to-value?
Tenants In Common” And “Joint Tenants
Especially in the case of first-time buyers, people choose to purchase properties with their friends or partners. This helps them reduce the deposit paid by each individual and increases the amount they can borrow. While most people choose to partner with one other individual, it is possible for up to 4 individuals to be legal owners of a property.
However, confusion between Tenants in Common and Joint Tenants is common when it comes to joint ownership. If you are planning to share the ownership of a property you purchase, it is important to understand whether you should go with Joint Tenants or Tenants in Common.
Type of Survey
Conducting a house survey is one of the many important assessments that need to be made before going ahead with the purchase. Depending on the situation, property, and preferences, you can choose from the many types of building surveys available to you.
What is a house survey?
As the name suggests, a house survey is an assessment of a property before it is purchased. While purchasing a house, you may need to conduct multiple surveys, such as a homebuyer survey, physical valuation for getting a mortgage, structural surveys, etc.
First-time Buyers Tips
Activity Among First-time Buyers Is Increasing As Annual Price Increase Slows. Here are some tips for first time buyer.
When it comes to purchasing properties, first-time buyers are often sensitive to property prices and the mortgage rate prevalent in the market. Property prices in the UK increase every year, adding to the value of houses and flats being sold. First-time buyers need to be conscious of this increase as it influences their overall cost of purchasing their first homes.
In March 2023, the average price of properties entering the market experienced a rise of 0.8%, which is below the monthly rise of 1% witnessed in March over the last two decades. This reflects greater pricing caution by property sellers across the country. While the 1.2% price jump in the top-of-the-ladder sector acts as an exception, properties for first-time buyers the ones in second-stepper sectors are seeing a slower annual price rise.
Shared ownership mortgages
As the name suggests, a shared ownership mortgage is the type of mortgage where you share the ownership of the property with another individual(Housing Association). In other words, you purchase only a portion of the property on the mortgage and pay rent for the other.
Also known as “part buy, part rent”, a shared ownership mortgage makes you an owner and a tenant of the same property. It allows you to own the property without making a heavy deposit as you need to pay deposit only for the share purchased by you. This mortgage is often preferred by first-time buyers as they are new to the market and often struggle with gathering a big sum of money for deposit.
Housing associations allow you to purchase anywhere between 25% to 75% of a property and get a mortgage for the same. For the remaining 75% to 25% of the property, you will be required to pay rent to the housing association. In most cases, buyers are required to provide 5% of their share as a deposit.
How To Staircase Shared Ownership?
As you know shared ownership property allows you to own a specific percentage of the house. The control you have as a shared owner is limited to your property share. If you want to increase your stake in the property, you can staircase shared ownership.
What is staircasing in shared ownership?
In shared ownership, staircasing refers to the process of buying more shares in your property to own a greater portion of the property. Depending on the terms of your lease, you are allowed to staircase after living in the property for a specific duration. This allows you to have more ownership in the property by buying more shares.
What Is Conveyancing
Taking a mortgage for buying a property involves a range of legal considerations to make the process legitimate and smooth. Once you have selected the right property and the right mortgage for purchase, you will need to look after conveyancing for handling the legal matters.
What is conveyancing?
Conveyancing is the legal process while buying or selling a property that ensures that the ownership of the property is successfully transferred from the seller/owner to the buyer. If you are planning to purchase a property on mortgage, conveyancing helps you become the legal owner of the property once you have secured your mortgage all arrangements have been made.
Contractor Mortgage
When it comes to mortgages, people have always taken into consideration borrowers who are salaried employees. However, as more and more professionals are becoming contractors, this notion is changing.
If you are a contractor and want to buy a property, you can do so by taking a contractor mortgage. Work with your mortgage broker and look for a lender who provides contractor mortgages at deals that are suitable for your circumstances.
What is a contractor mortgage?
As the name suggests, a contractor mortgage is a type of mortgage given to contractors. Here, the mortgage lenders provide mortgage to contractors based on the type of contracts they are on, the consistency of their work, and other relevant factors.
Right to buy mortgage
A right to buy mortgage is a government mortgage scheme that allows council tenants in the UK to purchase the houses they live in. These properties are often sold at a discount and in many cases, the tenants are not required to pay the deposit as well. Here, the councils let the mortgage borrowers put the discount offered to them towards the purchase price of the property.
A right to buy mortgage is subject to the same eligibility criteria that are applicable for a normal mortgage deal. The discount offered to the council tenants depends on a range of different factors, such as the type of property to be purchased, the location of the property, the value of the property at the time of application, and more.
It is advisable to work with an experienced mortgage broker to find the right mortgage lender and choose a deal that best suits your circumstances.
What is green mortgage
Over time, the importance of sustainable development has increased worldwide. Green mortgages help you take a step toward sustainable living, keeping track of the impact we have on the environment around us.
Lenders today prefer giving green mortgages to borrowers to instill a sense of awareness about the depletion of non-renewable resources.
Let’s know more about green mortgage.
What is a green mortgage?
Remortgage with bad credit
Your credit score arguably plays the most important role in finding an ideal mortgage . Lenders often turn down borrowers with poor credit scores as they are not willing to take any risks in lending them money. It is therefore important to make all your credit payments on time and maintain a good credit score as it is vital for remortgaging your property.
However, if the damage is already done and you have acquired bad credit, there is no need to lose hope. People often feel that their chances of getting a remortgage deal go down to zero in the case of bad credit. This is certainly not the case. Rest assured that it is possible to remortgage with bad credit by working with the right Remortgage brokers.
Remortgage for home improvement
There are many reasons why people choose to remortgage their properties, one of the most common being is home improvements. Home improvements can get quite expensive and demand a lot of money out.
Especially if you have growing family extra space is always needed adding a loft or rear, side extension will give a lot more space.
How should you remortgage for home improvements?
The process of remortgaging for home improvements is the same as carrying out a regular remortgage. You need to get in touch with your mortgage broker for remortgage and additional funds application.
If you are planning to switch to a new mortgage lender or stay with the same lender, you will have to give valid reasons to your borrowing application is successful.
What is offset mortgage
Offset mortgage is a type of mortgage where your savings or current bank account is linked with your mortgage account. Here, the money you saved is used to offset your mortgage repayments. This savings account linked to your mortgage account is referred to as the “offset account.”
One of the biggest reasons why borrowers opt for an offset mortgage is that it helps them cut down the interest to be paid on their mortgage. When you get yourself an offset mortgage, the lender would deduct money in your savings account from your outstanding mortgage balance to give you a net balance. Then, the mortgage interest is charged on this net balance instead of the total outstanding mortgage balance. This reduces the mortgage interest and helps you save more money.
What is variable rate mortgage?
As opposed to a fixed-rate mortgage, a variable rate mortgage is where the interest rate keeps fluctuating over time. Here, your monthly mortgage repayments are not fixed and keep changing as the interest rate of your lender keeps changing.
With variable mortgages your monthly payment can go down if the interest rates go down, you may end up paying more interest over time if the rates go up. Applicant should be prepared for both scenarios if thinking of variable rate mortgage deal.
What is a fixed rate mortgage?
As the name suggests, a fixed-rate mortgage is a type of mortgage where the rate of interest remains the same for a pre-decided period of time. This period is known as the fixed term of the mortgage.
While many lenders offer fixed terms between 2,3 and 5 years, some mortgage lenders stretch it as long as 10 years or more.
One of the biggest benefits of getting a fixed-rate mortgage is that your monthly repayments do not change even if the interest rate in the market (and of your lender) changes. This helps you plan your monthly budget better as there will be no unexpected rise in your mortgage payments. You can compare monthly mortgage payments to See how much you will pay per month on latest mortgage rates comparison
What is a buy to let remortgage?
As the name suggests, a buy-to-let remortgage is a process of remortgaging our buy-to-let property. It involves switching one buy-to-let mortgage deal with another, provided the new deal provides you with more benefits. You may choose to remortgage with the same lender or switch to a new lender based on your requirements.
How does buy-to-let remortgage work?
Buy-to-let remortgage is like any other conventional remortgage, the only difference being that the property here is a buy-to-let property. As long as you have the required deposit for the new mortgage (which is often higher than other mortgage deals and ranges from 20% to 40%) and meet all the eligibility criteria of the lender, you can go ahead with a buy-to-let remortgage.
Guide to Gifted Deposit
Deposits often play a decisive role in finalizing a borrower’s decision especially in the case of first-time buyers, mortgage down payments are often highly important and worrisome factors. Mortgage deposit gifts reduce this burden to a great extent, making the process of getting a mortgage a lot easier. If you are facing a financial crunch while getting a mortgage for your property, a mortgage deposit gift from your family members can be a great relief. On the other hand, if any of your family members need help in making the down payment, you can gift them a mortgage deposit.
What is a gifted deposit?
What is a transfer of equity?
There are many ways of changing the legal ownership of your property without putting it up for sale in the market. You may want to add the name of your partner as a joint owner after getting married. You may want to give your children stakes in your property. You may want to completely transfer the ownership of your property without selling it off.
Whatever the case is, you will need to go through the process of transfer of equity if you are willing to change the legal ownership of your property. Before understanding the transfer of equity, let us briefly understand what equity means.
Leasehold property guide
If you are planning to purchase a new property with a mortgage, it is important to consider the type of home ownership you want to go for.
Property ownership involves two major forms of ownership – freehold and leasehold
In simple words, freehold property where you own the property and land it on. Leasehold property is where you own the property you live but not a land.
Factors worth considering with leasehold property
What is an EPC
In current times energy and power consumption means a lot to normal household.
With increasing cost of gas and electric homeowners preferred properties which retain more energy as opposed to the ones that don’t.
To showcase the efficiency of energy consumption by the houses, every house is issued an EPC rating.
Let’s understand what EPC is and how does it affect us.
Buying a leasehold property
One of the most common ways of property purchase is a owning leasehold property. If you buying a property for the first time, it is important to seek help from mortgage brokers and advisors.
A skilled and experienced mortgage broker would scan the whole market and get you the best first-time buyer mortgage deals based on your requirements and circumstances.
If you are planning to own a leasehold property for the first time, here is a small yet informative guide to buying a leasehold property:
Leasehold Vs Freehold
Leasehold Vs Freehold:
When it comes to owning a house, there are two major forms of ownership involved – freehold and leasehold. This determines the extent of your ownership of the house you live in.
In other words, freehold and leasehold properties determine whether the property (and land) you live in is your own or if you have a landlord for the same.
Are you mortgage-ready ?
Are you mortgage ready ?
Buying a new home is, in equal parts, exciting and full of responsibilities. If you are planning to get a mortgage for your new house, it is important to be patient, alert, and precise in your approach.
Moreover, it is advisable to work with a skilled and experienced mortgage broker in your city.
For example, if you are looking forward to buying a property in Harrow, make sure you hire the best mortgage broker Harrow has to offer based on your requirements.
What can stop you getting mortgage
Purchasing a property through a mortgage is a significant decision that requires careful consideration, especially if you are not a cash buyer. Most of us fund the property purchase via deposit and mortgage.
But what can stop you from getting a mortgage?
There are several considerations one should keep in mind before going ahead and making the application.
As the market is highly in demand and growing property prices, it is advisable to work with a reliable,
dedicated, and experienced local mortgage broker.
Facts About Mortgages
Getting a mortgage is always an important event in an individual’s life. It is, therefore, common for people to get excited and confused at the same time. Especially if you are getting a mortgage for the first time, it is always important to be familiar with the manner in which the process works.
Moreover, is important to seek help from professional advisors. For example, if you are looking for a property in Hounslow, look for the best mortgage advisor Hounslow has to offer before taking any action.
Remortgage cost and saving
Remortgage can take few months. we have cover in this guide the cost and saving related to remortgage.
It is good idea to shop around 3 -4 months in advance. Compare the mortgage deals and know the cost involve.
In this guide we will look at,
Remortgage cost.
How much you save.
No Fees Mortgage Broker
If buying your first property or remortgaging to better rate MariannaFS offer fee free online mortgage service.
What is mortgage broker?
In simple words mortgage broker are who acts as middle person between lender and client.
Mortgage broker can find and help you to choose right mortgage for your circumstances.
Agreement in principle
Mortgage in principle, Decision in principle or Agreement in principal. MIP, DIP or AIP.
With the current market situation house prices are at its highest many estate agents wants to know if you are mortgage ready.
Estate agents will ask you for mortgage in principle before submitting your offer.
what is mortgage in principal?
A mortgage in principle is preapproval of your mortgage from lender which tells you roughly how much you may able to borrow.
Remortgage guide
Your monthly mortgage repayments can be a substantial amount of your monthly income, so you should check for better deals from other lenders that will allow you to make lower repayments on better terms.
Our expert mortgage brokers will find you the best remortgage deals for your special needs and seamlessly move you to your new mortgage deal best of all our services are free we do not charge broker fee.
Btl buyer guide
Finding the right buy-to-let mortgage can be a daunting task. Our trusted mortgage broker can quickly find you the most exclusive deals, provide prompt, worry-free services and do all the hard work for you.
In this guide we cover,
Buy to let
Buy to let mortgage broker
Cost of buy to let
Home mover guide
Whether you are moving to a bigger property or downgrading to smaller property, moving home can be a busy and stressful time — and mortgage is the first thing you will worry about.
Our experienced advisors will find the best value home mover mortgage for your needs and seamlessly move your mortgage to your new property.
so that you can relax and focus on turning your new house into a home.
First time buyer guide
Buying your first house is one of the most important purchases of your life and can be equally exciting and daunting.
Our experienced first-time buyer mortgage advisor at MariannaFS can guide you through the process. Remember getting a mortgage secure is main part of the buying process.
You should always look at the mortgage options and try to understand how the whole process works.
So here is all you need to know about your first mortgage.
NHS mortgage
What is an NHS mortgage?
NHS mortgage is not a standalone mortgage product. It refers to a situation wherein a mortgage deal is offered to an NHS employee. NHS employees often struggle with hospital rotations, inadequate incomes, salary band restrictions, short contracts, and other relevant issues. NHS mortgages are initiatives to make property purchases easier for these individuals.
