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Featured - Account Types
What type of savings account do you need?Find out about the different types of savings accounts available to suit a variety of needs.
Savings
ISAs
Residential
Buy to let
Specialist mortgages
Featured - Debt and your credit score
How debt impacts your credit scoreA healthy credit score has its benefits, so make sure you manage your debt correctly.
Loans
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Life InsuranceFor peace of mind that your loved ones will be supported financially after you die, consider taking our life insurance. Find out more and compare policies.
Home & vehicle
Health & travel
Featured - High interest current accounts
Find current accounts offering in-credit interest rates up to 5.00% AER.
Current accounts
Featured - Purchase Cards
Best purchase credit cardsExplore the best cards with a 0% introductory period.
Credit cards
Credit repair
Calculators & guides
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Business products
Business insurance
How much can I give as a cash gift?
How much can I give as a cash gift?Will your loved one's gift be tax affected?
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Featured guides
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Shared ownership is where you buy a proportion of a property from a local authority or housing association – usually with the assistance of a mortgage – and rent the remaining part.
Normally you start off with buying 25% to 50% of the property, increasing to 75% or even 100% (if the housing association allows it) over time. This process, of buying a small amount of your property and then buying another stake later, is sometimes referred to as 'staircasing'.
The combined mortgage payment and rent of a shared ownership property should be less than the mortgage payment you may have faced had you secured a mortgage on the whole property (less your deposit). Therefore, this type of mortgage is suitable for those on lower income and are unable to get onto the housing ladder in the usual way.
Another advantage of shared ownership is that you don't have to provide so much of a deposit, which is why this type of scheme is popular with first-time buyers.
You only need to put up a percentage (normally 10% to 20%) of the stake in the property you are taking. So, if you were taking a 50% stake in a property worth £150,000, for instance, a 10% deposit represents £7,500, as opposed to the £15,000 if you were to buy the property outright with the help of a 90% LTV mortgage.
However, not all mortgage lenders allow shared ownership mortgages. Where they are offered, most lenders will generally let you choose from their full product range, although some may have products specifically for shared ownership.
Mortgage brokers remove a lot of the paperwork and hassle of getting a mortgage, as well as helping you access exclusive products and rates that aren’t available to the public. Mortgage brokers are regulated by the Financial Conduct Authority (FCA) and are required to pass specific qualifications before they can give you advice.
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Your home may be repossessed if you do not keep up repayments on your mortgage.
Our mortgage calculator helps you to see how much your mortgage might cost you each month.
Our how much can I borrow calculator gives you a range of how much a lender might consider lending you under a mortgage. This calculation is only an indication only.
Housing associations or house builders will often have special arrangements with a mortgage lender, giving you access to exclusive shared ownership mortgage deals.
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Disclaimer: This information is intended solely to provide guidance and is not financial advice. Moneyfacts will not be liable for any loss arising from your use or reliance on this information. If you are in any doubt, Moneyfacts recommends you obtain independent financial advice.
A mortgage broker specialises in finding lenders who meet your specific needs for a mortgage. Find out how mortgage brokers can help and what fees to look out for.
A mortgage broker specialises in finding lenders who meet your specific needs for a mortgage.
To get an accurate affordability check you'll want to know what counts as income, so you can declare everything you have to offer. Our helpful guide explains.
To get an accurate affordability check you'll want to know what counts as income, so you can declare everything you have to offer. Our helpful guide explains.
You must get an ‘overseas mortgage’ to purchase a house abroad – normally from a lender in the country you want to purchase in.
You must get an ‘overseas mortgage’ to purchase a house abroad – normally from a lender in the country you want to purchase in.
Your choice of estate agent can play a crucial part in the process of buying or selling a property. Take your time and make sure that you know exactly what services are being offered. Our helpful guide explains what to look for.
Your choice of estate agent can play a crucial part in the process of buying or selling a property. Our helpful guide explains what to look for.
A mortgage broker specialises in finding lenders who meet your specific needs for a mortgage. Find out how mortgage brokers can help and what fees to look out for.
A mortgage broker specialises in finding lenders who meet your specific needs for a mortgage.
To get an accurate affordability check you'll want to know what counts as income, so you can declare everything you have to offer. Our helpful guide explains.
To get an accurate affordability check you'll want to know what counts as income, so you can declare everything you have to offer. Our helpful guide explains.
You must get an ‘overseas mortgage’ to purchase a house abroad – normally from a lender in the country you want to purchase in.
You must get an ‘overseas mortgage’ to purchase a house abroad – normally from a lender in the country you want to purchase in.
Your choice of estate agent can play a crucial part in the process of buying or selling a property. Take your time and make sure that you know exactly what services are being offered. Our helpful guide explains what to look for.
Your choice of estate agent can play a crucial part in the process of buying or selling a property. Our helpful guide explains what to look for.
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Moneyfactscompare.co.uk will never contact you by phone to sell you any financial product. Any calls like this are not from Moneyfacts. Emails sent by Moneyfactscompare.co.uk will always be from news@moneyfacts-news.co.uk. Be ScamSmart.
Moneyfactscompare.co.uk will never contact you by phone to sell you any financial product. Any calls like this are not from Moneyfacts. Emails sent by Moneyfactscompare.co.uk will always be from news@moneyfacts-news.co.uk. Be ScamSmart.
Moneyfactscompare.co.uk will never contact you by phone to sell you any financial product. Any calls like this are not from Moneyfacts. Emails sent by Moneyfactscompare.co.uk will always be from news@moneyfacts-news.co.uk. Be ScamSmart.
Moneyfactscompare.co.uk will never contact you by phone to sell you any financial product. Any calls like this are not from Moneyfacts. Emails sent by Moneyfactscompare.co.uk will always be from news@moneyfacts-news.co.uk. Be ScamSmart.
Moneyfactscompare.co.uk will never contact you by phone to sell you any financial product. Any calls like this are not from Moneyfacts. Emails sent by Moneyfactscompare.co.uk will always be from news@moneyfacts-news.co.uk. Be ScamSmart.