The Pro's and Con's of Shared Ownership Properties - First Time Buyer Secrets

It is really important to know The Pro's and Con's of Shared Ownership Properties - Watch this BEFORE you look for Shared Ownership Properties!

Shared Ownership Properties can be an excellent alternative if you can't yet get onto the property ladder the traditional way. However, there are pro's and con's of shared ownership properties.

In this video I provide the pro's and con's of Shared Ownership purchases and a "Must Know" list you can download and check when buying your shared ownership property and obtaining your shared ownership mortgage. You MUST check with the housing association - Do not get into a shared ownership deal until you know everything within the terms and conditions.

**** Show Notes, and Resources ****

DOWNLOAD "MUST KNOW" SHARED OWNERSHIP CHECKLIST"
https://link.coursecreator360.com/widget/form/LNDPTMqycn0Ga8vK61NV

Make sure you know:

- Monthly rent
- Ground rent
- Service charges
- Can you Stair case ?
- Do they work with all mortgage lenders ?
- New build have different mortgage rules to traditional properties, does your lender allow shared ownership ?
- Obtain a MOS (Memorandum of sale) after purchase and the shared ownership documents
- Double check the mortgage lenders criteria as flats can require more of a deposit than houses

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***MORTGAGE CHAIN LTD***

Mortgage Chain Website - https://www.mortgagechain.co.uk/contact

Book a free no obligation chat - https://link.coursecreator360.com/widget/appointment/mortgage-chain

Mentorship Program - First Time Buyer Expert
https://www.firsttimebuyerexpert.co.uk/

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**SHOW NOTES & LINKS***

Check My File – Download Free Credit Report: https://www.checkmyfile.partners/HHQTB5/2CTPL/

Contact: https://www.mortgagechain.co.uk/contact

Subscribe to my channel: https://www.youtube.com/c/alexkerrmortgage?sub_confirmation=1

*NEW! Download FREE First Time Buyer Pack
https://link.coursecreator360.com/widget/form/LNDPTMqycn0Ga8vK61NV

QUOTING PORTAL (Solicitors, House Insurance and Surveys)
https://www.mortgagechain.co.uk/quoting-portal

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***CREDIT FILE CHECKS***


CHECK MY FILE - This is step 1 as a First Time Buyer. Check your credit file!

Free Credit File Check. Check your credit score from the outset! Use checkmyfile as they provide reports of all three credit file agencies the mortgage lenders use to credit score you, on one file (Experian, Equifax and Transunion)

checkmyfile offer a 30-day free trial which is then £14.99 a month thereafter and can be cancelled at any time.

Check my free credit score now:
https://www.checkmyfile.partners/HHQTB5/2CTPL/

Correct Errors on Your Credit File:

Contact Experian: https://ins.experian.co.uk/contact
Contact Equifax: https://help.equifax.co.uk/EquifaxOnlineHelp/s/
Contact Transunion: https://www.transunion.co.uk/consumer/consumer-enquiries
Apply for Voters Roll: https://www.gov.uk/register-to-vote

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***BOOK A FREE CHAT***

Book a Free, No Obligation Call with Alex Book Now:
https://www.mortgagechain.co.uk/contact


DISCLAIMER: This video and description contains affiliate links via the above checkmyfile, Uswitch and credit ladder links, which means that if you click on one of the product links and purchase the product, I’ll receive a small commission. This helps support the channel and allows us to continue to make videos like this. Thank you for the support!

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BAD CREDIT ?
Download our FREE Adverse credit mentorship program below:
https://kykrmaiztk7fwuunbnnt.memberships.msgsndr.com/offers/7117f03a-eba3-40c3-9667-b4a1fedcb7a1


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Contact: https://www.mortgagechain.co.uk/contact

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⚡QUESTION OF THE DAY: Are you considering a shared ownership mortgage ? Let me know! 👇👇👇

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

#FirstTimeBuyerUK #sharedownership #alexkerrmortgage