WHAT WE'RE ABOUT
A simpler path to Shared Ownership mortgages
Shared Ownership could help make home ownership more achievable.
At Pepper Money, we know that everyone’s journey to owning a home is different. That’s why we take the time to understand your individual circumstances and look at the bigger picture.
Whether you’re taking your first step onto the property ladder or looking for a more accessible route to owning your own home, we could help you buy a share of a new-build property through the Shared Ownership scheme.
Shared Ownership products are available for properties located in England and Wales. We don’t currently offer Shared Ownership products for properties in Scotland.
Because every story is different, we take an individual approach to underwriting, helping more people achieve their ambition of owning a home.
What is Shared Ownership?
Shared Ownership is an excellent option for many. Play our video to find out if it's the right option for you.
Are you a hopeful homeowner
Find your Shared Ownership property
If you’re looking to purchase a Shared Ownership property, you will need to find a property first as you need to go through an initial process with the Housing Association.
Contact the relevant Housing Association
Now that you’ve found your property, you’ll need to contact the Housing Association who will assess your affordability for their property to ensure you meet the relevant criteria to purchase a Shared Ownership property.
Suitability check
The Housing Association will decide on your suitability for the property, you will receive the go-ahead to proceed with the next step of your property purchase.
Find a mortgage adviser
Not all mortgage advisers can help with Shared Ownership mortgages, so make sure you conduct some online research first.
Upload your documents
Upload your documents to your adviser – Some of the typical documents you’ll need are listed here
One of these essential documents:
- Valid passport,
- Valid photo card driving license (full or provisional),
- National Identity Card Firearms certificate or shotgun license,
- Identity card issued by the Electoral Office for Northern Ireland
One of these additional documents:
- Current council tax bill,
- or statement Non-internet generated bank statements,
- or credit card statements or utility bills.
Decision in Principle
Your mortgage adviser will get an Decision in Principle Your mortgage adviser will assess whether in principle you could afford to make repayments on a proposed Shared Ownership property.
Application submitted
Application submitted with Pepper Money Good news! Your official mortgage application has begun.
Property valuation
A valuation will be conducted by an independent surveyor on our behalf.
Your Official Mortgage offer
Once our human underwriters have assessed your application and are confident you can afford your repayments, we will issue a formal mortgage offer.
Documents & funds exchanged
If you accept the terms of the mortgage, your conveyancer will assist with signing the final contract, deeds and completion of Stamp Duty forms. They will also exchange funds between you, Pepper Money and the developer.
Collect the keys
The day you’ve been waiting for has arrived – you can collect your keys and start the new step of your journey in your new home.
FAQs
We have the answers we often get asked by potential applicants.
process?
Read our FAQ’s in you’re in the process of applying for a mortgage.
Got a mortgage
with us?
If you have a mortgage with Pepper Money, we have all you need to know.