Hi, not so sure about plenty of lenders. According to "my" financial advisor only 2 or 3 and you need 20% deposit of your equity.
I tried with Woolwich which apparently was the cheapest but I'm afraid to say they' re a complete disgrace. The surveyor undervalued the property by 16k (216 vs 232). Considering it's a new flat in a block of new flats it's quite shocking. After several attempts woolwhich wouldn't reconsider so the mortgage advisor suggests me to try with Halifax (dearer mortgage, new valuation etc...)
If anybody knows about Shared Equity Lenders please give a shout.

AAWC (Angry Almost Woolwich Customer)

Almost (but they got my money anyway...)

plenty of lenders including all the high street building societies! i think all together there are around 10! go to an independent advisor! and an independent solicitor!

good luck, btw with woolwich my deal was 20% dep and fixed at 5.5% for 3 years

Yes its a shared equity scheme offerd by the builder Charles church same as persimmon, the mortage broker who i was told to try by charles church said there was only two lenders for this 85/15 shared equity scheme. The Rate he give me was not the best, so is there others i can try? Quick reply would be great need to get this mortage all arranged. Thanks

callum88:

Is this a shared equity scheme offered by the builders or part of the governments homebuy scheme? The builders sometimes have arrangements with some companies and take a commision. You are right to research this. Also be careful employing the solicitors recommended by the builder as these sometimes side with the builders and don't properly represent your interest. This is advice that comes from other posters to this site who have had problems with other builders developments. I can't remember seeing anything adverse about Charles Church (persimmon) but you should check to see whether there have been problems, so you can try to avoid.

Do a google for Homebuy scheme mortgages, there are plenty of mortgage brokers that have freephone numbers, so you can ask the question. I suspect they would have a list of companies with mortgage products that may be suitable for your requirements. I would surprised if it was limited to 2 companies.

Huckster

Hi i have just reserved a property with Building company Charles Church (persimmon) and spoke to there mortage adviser and he said that there is only two mortage providers in the uk that will give me a mortage because its shared equity 85/15 is this true? Quick reply would be great as i need to sort out mortage very soon. Cheers