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Shared Ownership Mortgage

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breadstick | 20:08 Sun 10th Jul 2016 | Business & Finance
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Is it easier to get accepted for a shared ownership mortgage than say a 95% mortgage as the amount of mortgage you are borrowing is less
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Avatar Image Old_Geezer
Why would it be less just because it's split into two ? The building is still the collateral for the total loan. No expert but I'd suspect with multiple borrowers then the risk of a problem would be greater.
20:58 Sun 10th Jul 2016
Avatar Image Peter Pedant
oh well why not disagree

yes it should be for the reason you say
BUT
shared ownerships are quite hard to sell
so Iw ould go for the 95%
21:01 Sun 10th Jul 2016

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