Cashback Remortgages · Part-buy, part-rent
Shared ownership mortgages
Cashback Remortgages is an FCA-regulated, whole-of-market mortgage broker arranging shared ownership mortgages for clients across the UK, by phone, video or in person at our Uxbridge office (by appointment). Shared ownership lets you buy a share of a home and pay rent to a housing provider on the rest. Only some lenders offer these mortgages.
Who it's for
Buyers who meet the scheme's eligibility rules, including first-time buyers, and existing shared owners who want to remortgage or buy more shares (staircasing).
How we help
We find lenders that accept your housing provider and lease, and check affordability on the mortgage, rent and service charge together.
We also help when you staircase to a larger share or remortgage at the end of a deal.
The process and timeline
- Confirm eligibility with the housing provider.
- Affordability check and agreement in principle.
- Provider approval and full mortgage application.
- Valuation, legal work and completion.
Documents you'll need
Requirements vary by lender and circumstances, but expect to provide:
- Housing provider approval and the share price.
- Rent and service charge details.
- Photo ID and proof of address.
- Three months' payslips and bank statements, or self-employed accounts.
- Details of your deposit and where it comes from.
- Details of any credit commitments.
Fees
We don't charge a broker fee for mortgage advice. Lenders pay us a procuration fee when your mortgage completes. Lender product fees, valuation and legal costs, and any early repayment charge on an existing mortgage, may still apply. We set out every cost before you proceed.
Does cashback apply?
Cashback may be available on eligible cases once your mortgage completes. The amount depends on the type of mortgage and the loan size, and we confirm it and the conditions in writing before you proceed. Cashback is subject to eligibility and conditions.
Guides and calculators
Read more before you speak to us, or use a calculator to explore the numbers.
Your questions, answered
How much deposit do I need?
The deposit is based on the share you buy, not the full value, often 5% to 10% of your share.
Can I buy more shares later?
Yes, this is called staircasing. You may need a new or additional mortgage to fund it.
Do all lenders offer shared ownership mortgages?
No. Only a limited number of lenders do, and some only work with certain providers.
Do you charge a fee for this?
No. Our mortgage advice is free. Lenders pay us a procuration fee on completion. Lender, valuation and legal costs may still apply, and we explain them before you proceed.
Can you help wherever I live in the UK?
Yes. We advise clients in England, Scotland, Wales and Northern Ireland by phone and video. Office visits in Uxbridge are by appointment.
Sources and further reading
Published by Cashback Remortgages, a UK mortgage broker for all types of mortgages.
General mortgage information, not a personal recommendation. Lender criteria and scheme rules can change. Ask an adviser about your circumstances and a solicitor or tax adviser about legal or tax questions. Your home may be repossessed if you do not keep up repayments on your mortgage. Most buy-to-let mortgages are not regulated by the FCA.
Discuss the next step for your mortgage
Understand your options before you make a decision.