Shared ownership doubles in Q2-CMC

The firm is getting more shared ownership business as it is prepared to fund up to 100% of the borrower's share when mainstream lenders are reluctant to provide the necessary funding. It adds another reason for the increase in business is a heightened awareness of shared ownership resulting from media coverage of the government's Homebuy schemes. Gary Bailey, director at Cheshire Mortgage Corporation, says there is a growing demand for shared ownership products: "There are increasing numbers of first time buyers for whom shared ownership schemes are the only way they can hope to get a...