Shared ownership is an initiative that allows buyers to purchase shares in a property (which you’ll take out a mortgage on) and pay rent on the remaining percentage that you don’t own.
It’s a cross between renting and buying a property.
It helps people who can’t save up a big deposit to still get on the property ladder. For that reason, they’re perfect for first-time buyers.
Because you start off by buying a small share in the property, you’ll need a smaller deposit than you would if you were getting a full mortgage without shared ownership. Over time, you’ll be able to purchase the remaining shares – a process known as staircasing – and can stop paying rent on the property.
Not all lenders will help you if you want to get a shared ownership mortgage, because they’re not set up for the extra complexity. But we can help.
We get how it feels when you’re refused a mortgage. We’ve been there. Haysto exists because the mortgage world is broken. If you don’t have a shiny credit rating, you’re self-employed with a complex income, or just don’t fit the mould, the odds are completely stacked against you. We just don’t think that’s fair.
Unlike others, we only work on bad credit, self-employed and complex mortgages. That’s all we do. And we’re up for a challenge.
No robots, no automated answers. We use technology to connect you to a real person. Not replace them.
Our platform connects you to the perfect specialist broker for free. We only get paid when your mortgage is approved.
Using our platform guarantees you’ll be matched with an expert who has a proven track record of making mortgages possible for people like you. Less processing, more understanding.