Co-Ownership

Share the load of home buying - let our advisers show you how.

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Co-Ownership

There are lots of reasons why you might need a little help when buying a home and that’s where Co-Ownership come in.

With Co-Ownership you can choose your home, buy as much of it as you can afford, (between 50% and 90%) and co-ownership help you with the rest.

You pay the mortgage on your bit and pay co-ownership rent on their bit.

When you’re able to, you can increase your share in your home bit-by-bit until you own it all.

Find out more about Co-Ownership here- https://www.co-ownership.org/ or speak to one of our expert Advisers.

Please note that clicking a link will open the external window in a new window or tab. Links from this website exist for information only and we accept no responsibility or liability for the information contained on any such sites. The existence of a link to another website does not imply or express endorsement of its provider, products or services by St. James’s Place. Please note that clicking a link will open the external website in a new window or tab.

Your home may be repossessed if you do not keep up repayments on your mortgage.

Steps to Co-ownership

Book Appointment

Step 01

Talk to Co-Ownership

You can apply online at co-ownership.org and they’ll assess your financial circumstance, including your credit file, to find out how much you can afford and to get an approval in principle.

Step 02

Talk to your Mortgage IQ Adviser

We can issue you an agreement in principle for your mortgage and get the process underway. Your adviser will be with you every step of the way.

Step 03

Find a home

Once you have found a home, within co-ownership and your affordability criteria, upload the details to your co-ownership application, if everything passes co-ownership will issue you with an offer.

Step 04

Apply

Meet your adviser again to submit your mortgage application, they will search the market and make a recommendation on the best mortgage for you based on their expert knowledge.

Step 05

The offers and legal bits

Once you get your mortgage offer your solicitors will complete their bit and make sure all the paperwork is in order.

Step 06

Move in!

Complete on your mortgage. We will guide you through completion day to ensure your lender, Co-ownership, solicitors and vendors are all aligned to give you a seamless completion day.

HOW MANY PEOPLE ARE APPLYING?

Applicant 1

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These results are for a repayment mortgage and are only intended as a guide. The amount you can borrow may be more or less than this. Please make sure you obtain accurate figures from your lender before committing to any mortgage.

It looks like you could borrow between:

£120,000 - 150,000

This means with the minimum required deposit of 10% you may be able to buy a house up to £0.00.


Next Steps

By answering a few more questions, we can check exactly how much you can borrow (and also check your eligibility for a mortgage) with top mortgage lenders.

These results are for a repayment mortgage and are only intended as a guide based on income multiples, not taking into account your specific circumstances. The amount you can borrow may be more or less than this. Please make sure you obtain accurate figures from a member of our team before committing to any mortgage

Your home may be repossessed if you do not keep up repayments on your mortgage

Quick Tips & Tools

 
 

What our customers say

Don’t just take our word for it, see what our customers have to say.

Ian
Ian
StarStarStarStarStar

Luke Totten & Rachel Totten were exemplary in their approach to sourcing us a new mortgage. through items out of their control our re-mortgaging hit a few snags however neither Rachel nor Luke were fazed. through their vast knowledge and expertise a better deal was sourced and we completed the re-mortgage in a matter of days. I'll happily recommend them to anyone that listens

Andrew and Jordan
Andrew and Jordan
StarStarStarStarStar

We cannot recommend Mortgage IQ enough. Excellent service from start to finish. Joanne was amazing in all her advice, knowledge, organisation and support throughout our house purchase. Victoria was so efficient when dealing with any queries. Nothing was a bother to either of them and the time from our first contact to a mortgage offer was highly efficient. First class service in all areas! Thank you both so much for taking the stress out of this process for us!

The reviews shown above have been gathered and displayed directly through Trustpilot and have not been verified by SJP.

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