Business Details
30 Years
experience
Trusted Shared Ownership Mortgage Brokers in the UK
Established in 1996, Metro Finance has built a reputation as a trusted specialist in Shared Ownership mortgages. Our team focuses exclusively on this government-backed affordable housing scheme, collaborating with approximately 90 Housing Associations to provide tailored solutions for first-time buyers. As an appointed representative of Mortgage Advice Bureau, we operate under the Financial Conduct Authority's regulation, ensuring compliance with the highest industry standards. Our innovative online platform allows clients to upload documents and track mortgage progress remotely, eliminating the need for in-person appointments. With a proven track record of helping thousands achieve homeownership, we combine technical expertise with a customer-centric approach.Our advisors hold relevant qualifications and maintain up-to-date knowledge of evolving mortgage products and regulatory requirements. The business has received industry recognition for its services to first-time buyers, as evidenced by our Trustpilot reviews. We maintain transparent fee structures, with mortgage advice costs typically at 499 (up to 1% of the amount borrowed). Our operational processes follow strict compliance protocols, including document verification and affordability assessments. Through continuous improvement initiatives, we strive to enhance our digital services while maintaining the personal touch that distinguishes our brokerage.
Services
Shared Ownership Mortgages
Online Mortgage Tracking
Document Upload Portal
Affordability Assessment
Staircasing Guidance
Details
- Year established: 1996
Highlights and features
- 25+ years' experience in Shared Ownership mortgages
- Exclusive access to lenders unavailable elsewhere
- Regulated by the Financial Conduct Authority
- Award-winning service for first-time buyers
- Online mortgage tracking with no appointments needed
Associations and certifications
- Financial Conduct Authority
What people say
Trusted by 90 Housing Associations
Streamlined online process
Expert mortgage advice
Award-winning service
Transparent fee structure
Services
Shared Ownership Mortgages
Specialist Shared Ownership mortgage solutions enabling first-time buyers to purchase a share of a property while renting the remainder. Our FCA-regulated advisors help clients navigate government schemes, staircasing options, and lender requirements. We provide access to exclusive products from 28 participating lenders.
Online Mortgage Tracking
Secure digital platform allowing real-time mortgage application monitoring and document submission. Clients can upload ID, payslips, and bank statements through our step-by-step portal. The system eliminates travel requirements, enabling complete mortgage management from any device.
Affordability Assessment
Comprehensive affordability checks determining suitable share sizes for individual circumstances. Our assessment considers income, existing commitments, and future sustainability. The process helps prevent overborrowing while ensuring compliance with regulatory requirements for mortgage approvals.
Staircasing Guidance
Expert guidance on purchasing additional property shares over time. We explain how staircasing reduces rental payments while increasing ownership stakes. Our advisors clarify valuation processes, funding options, and legal procedures for incremental purchases.
Document Preparation
Step-by-step assistance with mortgage documentation requirements. We advise on acceptable evidence formats, including PDF bank statements and tax calculations. Our portal streamlines submission of gifted deposit letters, ID documents, and affordability verification materials.
Questions
What is Shared Ownership?
Shared Ownership is a government-backed scheme allowing first-time buyers to purchase a 25-75% share of a property while paying rent on the remaining portion through a Housing Association.
How does Metro Finance help with Shared Ownership?
We connect buyers with 28 participating lenders and 90 Housing Associations, providing expert guidance through the mortgage application, staircasing, and legal processes.
Can I track my mortgage application online?
Yes, our secure portal allows document uploads and real-time mortgage progress tracking from any device without requiring in-person appointments.
What documents are needed for a mortgage?
Typical requirements include three months' payslips, bank statements, ID, deposit evidence, and gifted deposit letters formatted as PDF documents.
What fees apply to mortgage advice?
Our fees typically cost £499 (up to 1% of the loan amount), clearly disclosed before service commencement with no hidden charges.
How does staircasing work?
Staircasing allows incremental purchase of additional property shares over time, reducing rental payments while increasing ownership stakes through regulated valuation processes.
