House Share Mortgages

House Share Mortgages - are available to borrowers who wish to share and own their own home with fellow house sharers. House share mortgages will take into account the income of all the house sharers making this is a useful and innovative method for house sharers to own a share of their property.

Friends and family members can apply for a house share mortgage and through the concept of joint ownership each person on the mortgage holds a stake in the property.

At Capital  Fortune, we know our lenders and we know their criteria. We will be able to guide you as a group through the house share mortgage process.

The key principle of any house share mortgage is that the loan is provided by the mortgage lender on the basis that all the house sharing borrowers are jointly and severally liable for the whole of the mortgage debt. In doing so, the lender will make the offer of mortgage on the basis of the joint incomes of all applicants, but how those mortgage payments are divided is entirely up to the borrowers to determine as a group.

The issue of what share of the property each borrower owns again can be decided with the help of your solicitor and such factors as income, monthly contribution and the deposit used for the purchase may all be factors in determining individual shares.

Specialist Finance Advice for House Sharers

At Capital  Fortune we are specialists in giving impartial mortgage advice to house sharers. We understand your requirements when obtaining mortgages and we also understand some of the pitfalls.

We will be able to discuss with you all the reasons for purchasing with other house sharers and will give you advice on the most suitable and affordable finance options for the purchase.

We are able to arrange house share mortgage with a number of UK mortgage lenders but often these types of application require a significant degree of liaison with the lenders, solicitors and the valuers.

At Capital  Fortune, we work with a number of lenders willing to offer house share mortgage products.

To discuss house share mortgages call us today on 0845 3 630 430 or Enquire Online.