I have current credit problems can I purchase Shared Ownership?

15 March, 2014

No. In addition if you have suffered any defaults, CCJs or Bankruptcy’s within the last 3 years it is unlikely we will be assist you in obtaining a mortgage Read more »


Does every lender support Shared Ownership?

15 March, 2014

No. Shared ownership is specialist lending which is why your Housing Provider will recommend you speak to an expert such as Censeo to arrange your mortgage finance. Read more »


Will I need a deposit?

15 March, 2014

Yes. You will need a deposit of at least 5% of the share value you are purchasing. In addition we would recommend a further £3,000-£3,500 for associated costs such as legal fees and mortgage fees. Read more »


Can I arrange a sharia mortgage for a shared ownership purchase?

15 March, 2014

No. At present Sharia mortgages are not compatible with shared ownership. Read more »


Can I consolidate debts into a shared ownership mortgage?

15 March, 2014

No. Borrowing against your share for debt consolidation is not allowed under the terms of the scheme. Read more »


What information will I need to secure a mortgage

15 March, 2014

Typically you will need the following documents to secure a mortgage: Read more »


Once I take a mortgage can I switch mortgage provider (Remortgage)

15 March, 2014

Yes, there are lenders that accept remortgages on Shared Ownership terms. Censeo will be able to assist with this. Read more »


Can I arrange an interest only mortgage for a shared ownership purchase?

15 March, 2014

No. Any mortgage for shared ownership must be arranged on a capital repayment basis. The Housing association will review the mortgage offer to confirm the terms are acceptable to them. Read more »


Can I choose what share in the property I buy?

15 March, 2014

No. It is government policy that shared ownership purchasers buy the largest share in the property they can reasonable afford and sustain. There is a robust assessment process to work this out. Censeo will be able to advise you on the likely share you will be asked to purchase. Read more »


Can I purchase additional shares?

15 March, 2014

Yes. Through a process called staircasing. This allows shared owners to increase their stake in the property. The minimum a person can staircase by is 10%. Censeo can assist you finance the purchase of additional shares in your home. Read more »


Censeo Financial is a trading name of Censeo Ltd who are an Appointed Representative of PRIMIS Mortgage Network, a trading name of First Complete Ltd. First Complete Ltd is authorised and regulated by the Financial Conduct Authority for mortgages, protection insurance and general insurance products. Censeo Limited is registered in England and Wales, company registration number 06453977, the Registered Address 11b Newton Court, Pendeford Business Park, Wolverhampton, WV9 5HB.

We will charge a broker fee of up to £495, payable on application. The amount we will charge is dependent on the amount of research and administration that is required.

Your home may be repossessed if you do not keep up repayments on your mortgage.

The guidance and/or advice contained within this website is subject to the UK regulatory regime and is therefore primarily targeted at consumers based in the UK.

Most Buy to Let Mortgages are not regulated by the Financial Conduct Authority.