Curious about Co-Ownership but unsure about its intricacies? Let us shed light on this option for you. For complimentary initial mortgage advice, schedule a Mortgage Planning Consultation at your convenience.

Are you currently renting because you believe you lack the borrowing capacity to purchase a home? Co-Ownership might hold the key to your homeownership aspirations! At Milestone Financial Ltd, we’re committed to exploring diverse options tailored to our clients’ individual circumstances. We address queries, offer guidance, and assist in locating a suitable home within your budget. Our Free Initial Mortgage Planning Consultation is designed precisely for this purpose!

Simplifying Co-Ownership is our specialty. Co-Ownership may seem complex, but we’re here to make it straightforward and transparent. Put simply, you purchase a portion of the property (typically between 50% to 90% of its market value) and pay rent on the remaining share. Over time, as your financial situation improves, you have the option to acquire additional shares in your home until you achieve full ownership. Securing a mortgage is necessary to finance the portion of the property you’re purchasing. While not all lenders offer Co-Ownership financing, rest assured, at Milestone Financial Ltd, we can assist you in finding the right lender and securing the best deal.

Prior to commencing property viewings or bidding, it’s essential to consult with us to ascertain your borrowing capacity and projected monthly expenses. Our free initial planning consultation serves to establish your budget, saving you time by focusing on properties within your price range. We provide insights into borrowing limits, anticipated costs and fees, as well as the required deposit amount.

Eliminate the need to navigate through multiple banks and building societies independently – we’ll handle this for you, encompassing all major UK lenders alongside local institutions. With our expert knowledge, rest assured you’ll receive independent advice tailored precisely to your needs, notwithstanding each lender’s unique lending criteria.

Confronting the credit report hurdle is a crucial first step when seeking any form of borrowing, whether it’s for a mortgage, credit card, or personal loan. We’ll conduct a thorough review, ensuring you’re well-prepared for the application process.

From completing the necessary paperwork for your mortgage application to guiding you through the Co-Ownership process, we’ll provide comprehensive support every step of the way.

Following the Planning Consultation, armed with clarity on borrowing capacity, anticipated costs, and required documentation, you’ll be equipped to embark on your journey to finding your dream home!