News Articles

 

Share a Mortgage to gain money over renting

Share a Mortgage has calculated that renters of London properties can lose £2,300 or more every month compared to those buying. In fact, taking current trends into account, buyers could make a healthy profit of nearly £30,000 than if they were to sell up after two years.  Below, we consider...
18/12/2019

Joint Ownership Agreement

Joint ownership agreement - this is a legally binding agreement you get drafted when you are about to share buying a home with friends, family or as an unmarried couple.  Its point is to protect each sharer's individual interest in the property that they share; including their...
12/12/2018

I'm a First Time Buyer, can I get a mortgage?

A mortgage is a massive commitment and for a first time buyer it can feel like very scary uncharted waters. This guide is aimed at first time buyer mortgage applicants and takes you through everything you need to do to get to have your own mortgage. Step 1 – Mortgage Affordability...
11/12/2018

Co-ownership Agreement Can Protect Unmarried LGBT Community

A co-ownership agreement can help unmarried cohabiting members of the LGBT community protect their individual beneficial interests when sharing ownership of properties. Although the LGBT community can access the automatic protections and rights of marriage and civil partnership...
04/12/2018

Help your Child to Buy aided by our joint ownership agreement

Our Help your Child to Buy scheme is aided by our joint ownership agreement to protect the financial aid typically given by parents when they are helping their children to access the housing ladder. In just five years, the number of young professionals who rely on 'the bank...
04/12/2018

House Sharing Tips Part 8: Share with someone who pays their bills!

House Sharing Tips Part 8: a sharer may have no deposit funds to bring to the table but the ability to afford their share of monthly mortgage repayments is an absolute requirement. Happily a mortgage lender's checks are exhaustive so you would not be granted a mortgage with a...
04/12/2018

Leaving a Joint Ownership Property via a Joint Ownership Agreement

Leaving a joint ownership property is easiest via a joint ownership agreement, assuming you have one in place. Whether you are a joint owner with a friend, married partner, civil partner or a family member, no two people are the same and this can lead to disagreements which might...
04/12/2018

Moving In With Partner, Who Pays the Mortgage?

Moving in with your partner is an exciting time and is seen by couples as a way to progress their relationship to ‘the next level’. This can make a lot of sense; especially if one of you owns their own property. As a couple you can save money on paying rent, you get to see if you can...
04/12/2018

Prenuptial Agreement for Home Buyers

A prenuptial agreement for home buyers might in the past have seemed an odd, overly legal and even pessimistic product; however where a staggering 1 in 2 marriages end in divorce and with a falling number of people taking the step to get married, more co-cohabiting couples are looking...
04/12/2018

Shared Ownership Protection: The Joint Ownership Agreement

Shared Ownership Protection, the leading joint ownership agreement on the market, is a legally binding contract backed with support and guidance services that protect a group of people buying a home together.  Whether you are buying with a partner, friend, family member or through Share a...
04/12/2018

Can paying rent on time boost your credit score for buying a home?

So you've got an aspiration to buy your first home. Perhaps you've already found somebody to share with and you're busy saving away. You know that your credit score and report is important to mortgage lenders. Why on earth aren't your regular, timely rental payments, given how expensive they are,...
03/12/2018

Cohabitation Agreement is Essential for Unmarried Couples

A Cohabitation Agreement is essential for any unmarried couples, or even friends or family, that live and own a property together. There has been a massive increase in the number of cohabiting home owners over the past 15 years as the cost of living has made it more economical to share a living...
03/12/2018

Deposit for a house - When £26,500 just isn't enough

Saving for a deposit for a house can take years of scrimping to finally have a large enough deposit on an average priced home; however without the salary multiples to get the mortgage, your dreams of buying a home will remain on hold.  The saving of the deposit is equally as important as having a...
03/12/2018

How Does Share a Mortgage Work?

Share a Mortgage - a brief overview... Share a mortgage: this device is aimed at the millions of people in the UK who want to buy a property, but can't afford to do it on their own. Whether you are living at home, renting or an investor looking to share a buy to let property; you can find...
03/12/2018

Mortgage Sharing? Use an Independent Mortgage Broker

Firstly, hearty congratulations to anyone reading this who can buy or has bought a home without a mortgage! You are one of the lucky few rather than the many. Most people, however are going to need the assistance of a mortgage to buy a home because pooling resources only gets you so far....
03/12/2018

Share a Mortgage to buy in London

Sharing still best for buying in London as conditions tighten Lloyds, the UK's largest mortgage lender, has decided to cap mortgages of more than £500,000 to no more than 4x a borrower's salary to lessen its exposure to default. The group, which owns mortgage brands including Halifax, Bank of...
03/12/2018

Share a mortgage with friends

Share a mortgage with friends Remember the iconic American series 'Friends': 6 people rent a property together. With rising house prices and rent increases, the friends are looking to buddy up and buy their own property, sharing the space just like in 'Friends'.  Share a Mortgage provides a safe...
03/12/2018

What is Shared Ownership Protection?

What is Shared Ownership Protection? It is a unique joint ownership agreement and a legally binding document, created by you and your joint owners with a solicitor's help, which sets down the terms and conditions which you must all abide by to cover all the expenses and duties associated with...
23/11/2018

Property Sharing Agreement

A property sharing agreement is a legally binding agreement you and others draw up together when you are sharing a mortgage. Share a Mortgage's unique property sharing agreement is called Shared Ownership Protection. It protects everyone's individual interests in a property when...
14/11/2018

Bank of Mum and Dad – How to protect your investment

The Bank of Mum and Dad now helps out a staggering 80% of first time buyers with their deposits towards buying their homes; it's reasonable that you'd want to know how to protect your investment if you are among the parents involved. You want to be clear on whether you are giving the money...
18/10/2018

Moving Out After Uni - Buy a House or Go Travelling?

For many students, life after university involves wanting to ‘see the world’, particularly when the obvious - and humdrum - option is returning home after university to live with your parents! The 'University of Life' has a very strong lure; this is entirely understandable as you are young...
18/06/2018

Moving Out After Uni? Share a Mortgage!

Life after university can be a strange time. The obvious living options are continuing to rent, or moving back in with Mum and Dad. However are these your most productive options? You can get on the property ladder by clubbing together to buy a home with the friends you made when studying......
18/06/2018

Celebrity Shares!

You can easily find further inspiration regarding property sharing by looking at the number of stars and megastars who've shared a place with other stars and megastars at some point in their careers. Like all things in life, you get out of a share what you collectively put into it. Most...
05/06/2018

7 Essential Tips for Budgeting in a Home Share

You'll know quite how much budgeting is involved if you've bought a home or are looking to buy one (we have a number of tools to help you if you're interested) but what about organising the household budget when you move in? The following tips can apply just as much if you're renting and...
16/05/2018

10 Essential Home Buyer Tips for Mortgage Sharers

Once you've found someone you'd be happy to share a mortgage with to buy your first home (if you haven’t, join Share a Mortgage and we can help you!); you can now move to the 'business end' of securing your bricks and mortar. Here's 10 'insider' tips to help turn your home-buying...
09/05/2018

Why wait? Start your journey towards home ownership today

So you've got some goals in life. Why wait for something to happen before you work to achieve them? You never have to look too hard to find click bait articles devoted to things you should have done before 30...or 50...or 70... and hopefully higher with advancing science. IF you...
18/04/2018

Thinking of sharing a home? It's like dating!

In so many ways, vetting someone concerning the possibility of sharing a home with them is very like dating. Now we must stress at the outset, you may not, of course, be choosing either to a) share a home with someone who is your partner or b) share a home with a complete stranger. Like...
13/04/2018

10 Tips for Introverts for Sharing Homes

Firstly, just in case, we need to define what an introvert is. Here's one possible definition: 'An introvert is a a person who tends to shrink from social contacts and to become preoccupied with their own thoughts’. Basically, you need time to recharge your batteries and...
09/04/2018

Share - and watch those bills tumble!

Share a Mortgage has in the past given reduced bills and expenditure as a really powerful reason to share a home with others. Now that the financial year has ended, we think it's a good time to reiterate this or encourage you if you haven't fully looked into the matter. Cut your Council...
03/04/2018

Sharing With Strangers: Success Stories

Sharing with strangers might seem an incredibly risky or even unwise thing to do, but what if we said that in doing so, you might all end up happily owning your own property for the first time? Failing that, you can sometimes find a sharing situation, whether renting or otherwise, where the...
22/03/2018