Shared Equity/Ownership
CamOuse Financial Management Limited are pleased to be part of the Orbit Specialist Panel to provided Mortgage advice relating to Shared Ownership and Shared Equity properties.
The differences between shared equity and shared ownership are complex, but generally, with shared equity you purchase all of a property but with an equity share loan making up the difference between the mortgage and purchase price (i.e. to a large extent, this shared equity loan is your deposit). In contrast, shared ownership schemes are usually undertaken whereby you only own a specific share as a lease on a shared ownership property (normally owned by a housing association), and you can only achieve 100% ownership by 'staircasing' up from shares of 25%+ to full ownership.
Not all lenders provide shared ownership.
Your home may be repossessed if you do not keep up repayments on your mortgage.
