There are plenty of shared ownership opportunities in Liverpool. If you’re considering a shared ownership mortgage in the Liverpool area, then you should consider the fact you’ll be may be required to pay ground rent as well as service charges on your home but on some, this is included in the monthly rent.
You may also need to pay maintenance charges on communal areas if you’ve chosen to purchase a flat. However, there are plenty of advantages to opting for shared ownership. When you choose a shared ownership mortgage instead of a regular mortgage, you can pay rent on a property that you can end up owning in the future.
You can also sell your shared ownership at any time without having to own the whole property, which is useful if you’re worried about finances.
Shared ownership mortgages give you the opportunity to own the home you live in without forking out for a huge deposit. You can also buy a part of the home that you’re renting further down the line.
If a shared ownership mortgage is something you’re considering, then LTC can give you all the advice and guidance you need to make an informed decision and access the best rates possible.