Government Scheme Calculators

Shared Ownership Mortgage Calculator

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Government Scheme Calculators Shared Ownership Mortgage Calculator

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Shared Ownership Mortgage Calculator

Calculate your combined monthly costs for a shared ownership property, including mortgage repayments and rent. You can also calculate the cost of staircasing - increasing your ownership share.
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Monthly Repayments: Your mortgage payment is calculated using the standard amortisation formula (for repayment) or simple interest (for interest-only). Your total monthly cost combines the mortgage payment with your rent to the housing association.

Staircasing: When you staircase, you buy an additional share of your property at its current market value. The cost is calculated as: Current Market Value × (Additional Share ÷ 100).

Rent Reduction: Your rent is based on the housing association's share. When you increase your ownership, the landlord's share decreases proportionally, and your rent drops by the same proportion.

These figures are estimates. Actual costs will depend on your housing association's terms, current property valuation, and mortgage lender criteria.

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A specialist shared ownership mortgage broker can help you find the best deal and guide you through the staircasing process.

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Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on a mortgage or any other debt secured on it.

If you are thinking of consolidating existing borrowing you should be aware that you may be extending the terms of the debt and increasing the total amount you repay.

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Our registered office is The 1812 Building, Wheatley Park, Mirfield, West Yorkshire, WF14 8HE.

Money Helpdesk is an independent marketing website that acts as an introducer to FCA regulated companies. The guidance and or advice contained within this website is subject to the UK regulatory regime and therefore primarily targeted to customers in the UK. Any and all personal information that we may collect will be used and held in accordance with our privacy policy. We may use your personal information to contact you or pass your details to other companies associated with us, to contact you (including by telephone) to provide you with details and services in relation to any enquiry you make to us. Any rates shown are for illustrative purposes only, they should not be taken as any form of advice or recommendation. Actual mortgage quotes are based on individual circumstances.

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