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What does the loan part of Shared Equity Mortgages mean?

April 26, 2017equity loan mean mortgages Shared

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What does the loan part of Shared Equity Mortgages mean?

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The loan aspect of a shared equity mortgage is an equity loan. This functions as a deposit, up to 50 per cent of the value of the property. This puts the buyer in a much more powerful position to purchase a property, giving access to a wider variety of mortgage loans.