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Co Ownership Mortgage NI

Co Ownership Mortgage NI

Heard of Co-Ownership but not sure what it’s all about?

For free initial mortgage advice arrange a Mortgage Planning Consultation at a Time That Suits You.

Are you currently renting your home because you think you can’t borrow enough to buy? Co-Ownership could be the solution for you! At The Mortgage Clinic we aim to look at the various options available to our customers, based on their personal circumstances, answering questions and helping them find a suitable home, within their budget. Our Free Initial Mortgage Planning Consultation does just that!

We DO NOT charge a fee for our initial advice!

We make Co-Ownership simple..

Co-Ownership can appear a complicated process but we can make it more simple, and clear. Simply put … you buy part of the property (50% – 90% of the market value) and pay rent on the remainder. As time passes and your financial circumstances improve you can buy further shares in your home until you finally own it outright. You will need a mortgage to finance the part of the property you purchase. Not all lenders will lend in line with Co-Ownership but at The Mortgage Clinic we can guide you on finding the right lender, and the best deal.

Before you even start viewing or bidding on any property you should speak to us – you need to know how much you can borrow and how much it will cost each month. Our free initial planning consultation will also help you to set your budget, saving you time on viewing houses that are perhaps outside of your price bracket. We can tell you how much you can borrow, what costs and fees to expect and how much of a deposit you will need.

No need for you to check all the banks and building societies yourself – we can do this for you, all under one roof! Because we work with all the major UK lenders, as well as the local ones, you can be sure of independent advice, best suited to your needs. Each lender has their own lending criteria but our expert knowledge will make sure we find a solution that is matched to your own specific circumstances.

We will review your credit report which is the first hurdle to get through when you’re borrowing money of any description – whether it’s a mortgage, credit card or personal loan.

We will help you with completing the necessary paperwork for both your mortgage application and your Co-Ownership application.

You will leave the Planning Consultation knowing how much you can borrow, how much it is likely to cost and what documents you need to start gathering together – ready to find your dream home!

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You consent to us storing and using your name, email address, IP address and phone number for the purposes of responding to your enquiry. For more information please see our privacy policy.

We will never share your information with a 3rd party. We hate spam just as much as you do!

Why Choose Us

We are the Number 1 reviewed (five star) Mortgage Advice company in Belfast and beyond by Google. Contact us today for trusted advice.

We are familiar with the lending criteria for all of the major lenders, we look out for pitfalls and problems on your behalf and increase your chances of having a successful mortgage application.

We offer independent advice, and can find you the best deals available for your circumstances!

Book your free Initial Mortgage Planning Consultation

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And then what happens?

  1. You view the properties you’re interested in, within the budget we have agreed
  2. When you find your favourite, register a bid
  3. Have a bid accepted and get your property ‘sale agreed’
  4. We check again for the best mortgage deal that’s right for your circumstances
  5. We complete your Co-Ownership application and mortgage application
  6. Property valuation is carried out by Co-Ownership and the chosen mortgage lender
  7. The Co-Ownership issues their decision letter
  8. Lender issues a mortgage offer
  9. In the meantime your solicitor will have been working in the background making the necessary checks etc
  10. Completion date agreed
  11. Collect your keys and get ready to move into your new home

 

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

Your first meeting is FREE of charge.

If you instruct us to work on your behalf there will usually be a research and implementation fee. The actual amount you pay will depend upon your individual circumstances but a typical fee is £250 and this is payable when you instruct us.

Request a callback

5 + 10 =

Data notice:
You consent to us storing and using your name, email address, IP address and phone number for the purposes of responding to your enquiry. For more information please see our privacy policy.

We will never share your information with a 3rd party. We hate spam just as much as you do!

Why Choose Us for MortGage Rates NI

We are the Number 1 reviewed (five star) Mortgage Advice company in Belfast and beyond by Google. Contact us today for trusted advice.

We are familiar with the lending criteria for all of the major lenders, we look out for pitfalls and problems on your behalf and increase your chances of having a successful mortgage application.

We offer independent advice, and can find you the best deals available for your circumstances!

From Our Clients

"Cannot recommend this mortgage adviser highly enough. I came across Helmut’s website after searching online, and I am so pleased that I made contact. Being a first time buyer, I was apprehensive about the options available to me. My first point of contact in looking into a mortgage was with my own bank, I then compared this to a few other highstreet banks, but I was not pleased with the options that they were offering. When I first met with Helmut, I explained my financial position to him and he was confident that he could assist me. He found several mortgages that I was eligible for, and they were at a considerably different amount than the banks offered me initially." read more..

C. MCCabe, Crumlin

"As a first time buyer I was nervous about the house buying process. Helmut, mortgage advisor belfast at The Mortgage Clinic made the whole thing stress free and was very efficient with every detail. He organised both my mortgage and insurances, providing great mortgage advice and getting the best deals for me. I would like to thank Helmut for being so accommodating when meeting me and so meticulous meaning I didn’t have to worry about anything. I would definitely recommend anyone to use this service"

E. McNamee, Lurgan

"We sourced Helmut Elstner as our mortgage adviser. We were first time buyers and very new to the process. Helmut from The Mortgage Clinic was able to provide the guidance we needed and process all information in our home and at times that suited us. He was always in constant communication and was able to find us the best mortgage deals available in a very short space of time. His advice fee was very reasonable compared to any other mortgage adviser we had met. The mortgage he suggested was perfect for what we needed. The process felt much easier with Helmut on side and proceeded at a great pace. We would advise anyone to use Helmut from The Mortgage Clinic for any mortgage or financial needs, a five star service!"

J&M, Belfast

"I would highly recommend The Mortgage Clinic to anyone. Helmut dealt with my first mortgage and then re-mortgage in a very professional and efficient manner. Dealing with an independent mortgage advisor gave a flexibility to pick tailored product that worked for me. Helmut brought to my attention details I would have never considered and saved me a lot of money and hassle.
I felt well looked after and that my needs were the priority. The best mortgage advisor I have ever came across and I have high confidence in his services.
Thank you !"

Miss E Piasecka