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About Shared ownership remortgages

If you have a shared ownership home and want to increase your equity share in the home then we can approach lenders for you who provide mortgages for shared ownership. The interest rates for shared ownership remortgages will be significantly higher than any other type of mortgage.

Increasing your share of equity in the property may help you to decrease any rent you may pay any for living there, agreed there are a limited number of lenders who offer shared ownership remortgages but we have a shortlist of lenders who not only lend you money but are also reliable. For a shared ownership remortgage you will need to have enough equity in your share to raise the amount you need.

The interest rate and the up-front deposit amount will be higher compared to any other type of mortgage and the process to secure a shared remortgage is same as any other type of mortgage including supporting documentation such as proof of income, property documents and proof of your share in the property.

Normally a shared ownership remortgage is done to increase your share in the property; this can range from 20% to 100%   meaning full ownership of the shared property.


If you want to remortgage your Shared Ownership home, you may be able to borrow up to 80% of the value of the share you own in your home.

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Frequently Ask Questions

Equity is the difference between the actual market price of a property and the pending mortgage value. For instance, if your home has valued at £90,000.00 and your pending mortgage value is £55,000.00 then the equity value is £35,000.00 and the Loan to Value (LTV) is 61.1%, which is the percentage of pending mortgage to the total value of the property

In order to remortgage your current property you must have paid off some of the original loan, for example if you own a house and its value is £100k and you made an initial payment of £10K and took a loan for £90k, but a couple of years later, you have only repaid £2k and the value of your house has increased by £1k this means that the value of the house is £110k and your pending mortgage is £70k. At this point the equity value is the difference between the value of your home and a pending mortgage which in the case of the above example will be £40k.


So, you can remortgage your home to get the additional £40k and if remortgaging to release the equity, you can remortgage part of the equity as well, which means you can borrow £20k or £30k of £40k

You may have paid more than half of the mortgage amount on your home and might want to buy a new house and are considering a remortgage to do this; before this can happen we need to confirm whether you are remortgaging to buy a house for your extended family or kids or if you are buying as an investment or to rent out to tenants. If you want it for your kids or extended family then you can remortgage your current property to pay the up-front payment or to pay some initial expenses.

However, if you are planning to buy for investment purposes and you want to let it out to tenants than you can’t remortgage your residential property as this would be considered a commercial property; a residential property cannot be remortgaged for commercial purposes.

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Shared ownership remortgages with us is easy, whether you’re moving home or buying a new property – we’ve got a mortgage deal for you, with experts on hand to help.

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