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Home / Blog / Case Study / Shared Ownership Made Easy for First-Time Buyers

Shared Ownership Made Easy for First-Time Buyers

May 29, 2020 By Mortgage Light Leave a Comment

Like many first-time buyers, Aimee Brown and her partner Lauren Howard didn’t consider themselves experts on purchasing a home when they started their property hunt this year. By the time they’d picked up the keys however, they felt like professionals…and their purchase couldn’t have gone more smoothly.

Aimee and Lauren were each living with their parents when they found their perfect home – a new two-bedroom, end-of-terrace house at Kingfisher Place in Aylesbury, available through shared ownership with housing association Hightown. As long-term professional partners of Hightown, the Mortgage Light team were on hand from the very beginning.

Aimee says, “Hightown put us in touch with their recommended broker Mortgage Light and from the start, we knew they were the right people to help us. Our consultant Clare Dwyer supported us completely from start to finish and made sure we understood every step of the process. Everything was simple and easy to understand thanks to Claire’s guidance. We came away feeling like mortgage professionals!”

Clare worked with Aimee and Lauren to secure the right mortgage deal for a 50% share of their new home quickly and smoothly. Even when Clare wasn’t available, the wider team at Mortgage Light were on hand to help instantly. Aimee says, “Clare’s colleagues knew everything about our situation and could respond instantly. Everyone was extremely helpful, approachable and happy to help.”

Aimee and Lauren are also considering their options for buying more shares in their home in the future, a process known as staircasing. “Clare discussed this with us and we will definitely contact Mortgage Light when we’re ready to increase our share,” says Aimee. “The support we received was amazing. We can’t thank Mortgage Light enough for everything they did for us and we would highly recommend to anyone!”

Siobhan Holbrook, Director of Mortgage Light said: “Buying your first home is really exciting and at Mortgage Light we don’t think it should be complicated – whether you’re buying outright in the traditional way or using a scheme such as shared ownership or Help to Buy. For clear, simple mortgage services, do please give us a call!”

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