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 across the UK. Our team works exclusively with Housing Associations and 28 major lenders to provide tailored mortgage solutions, including exclusive products unavailable elsewhere. We pioneered an online portal for document uploads and mortgage tracking, streamlining the process for clients nationwide. Recognised for excellence in First Time Buyer services, we maintain partnerships with 90+ Housing Associations while adhering to strict regulatory standards under the Financial Conduct Authority.Our fee structure is transparent, with a typical mortgage advice fee of 499, and we prioritise customer protection through comprehensive risk disclosures. With offices in Sheffield and Derby, we combine decades of industry experience with modern digital tools to serve clients seeking affordable homeownership options.
Services
Shared Ownership Mortgages
Affordability Assessments
Staircasing Advice
Online Mortgage Tracking
Document Upload Portal
Details
- Year established: 1996
Highlights and features
- We've specialised in Shared Ownership mortgages since 1996
- We work with all 28 Shared Ownership mortgage lenders
- Our online portal enables 24/7 mortgage application tracking
- We're recommended by 90+ Housing Associations nationwide
- Our fee structure is fully transparent with typical charges of 499
Associations and certifications
- Financial Conduct Authority
What people say
Excellent service
Trusted advisors
Smooth application process
Transparent fees
Expert guidance
Services
Shared Ownership Mortgages
Specialist Shared Ownership mortgage solutions enabling first-time buyers to purchase shares in properties while paying rent on remaining equity. We facilitate staircasing options to increase ownership over time. Our FCA-regulated brokers work with all 28 UK Shared Ownership lenders to secure competitive rates for clients nationwide.
Affordability Assessments
Comprehensive affordability evaluations determining suitable share sizes based on income, expenditure, and financial circumstances. Our digital assessment tool provides instant feedback on eligibility while ensuring compliance with regulatory requirements. This service helps clients understand their borrowing capacity before formal mortgage applications.
Online Mortgage Tracking
24/7 online platform allowing clients to upload documents, monitor application progress, and communicate with brokers. The system streamlines the mortgage process by eliminating physical appointments while maintaining secure data handling standards. Users receive real-time updates throughout all application stages.
Staircasing Advice
Guidance on purchasing additional shares in Shared Ownership properties to reduce rental payments. Our experts explain valuation processes, funding options, and legal procedures involved in increasing ownership stakes. We provide ongoing support for clients seeking to transition towards full property ownership.
Document Management
Step-by-step assistance with document preparation including payslips, bank statements, and deposit audit trails. Our portal accepts PDF uploads for verification purposes, ensuring compliance with lender requirements. We provide clear guidance on acceptable evidence formats to expedite mortgage approvals.
Questions
What is Shared Ownership mortgage?
Shared Ownership allows purchasing a property share (25-75%) while renting the remainder. You can increase ownership later through staircasing. Available through Housing Associations with government support.
How much deposit do I need?
Typically 5-10% of the share you're purchasing. Larger deposits improve mortgage rates. We help calculate required amounts during affordability assessments.
What fees apply for mortgage advice?
Our standard fee is £499, though this varies based on individual circumstances. We provide full cost breakdowns before starting any work.
Can I staircase my ownership?
Yes, our staircasing service helps increase property shares. We guide clients through valuation processes and funding options for additional equity purchases.
What documents are required?
Last 3 months' payslips, bank statements, ID, deposit evidence, and gift letters if applicable. Our portal accepts PDF uploads for easy submission.
Reviews (4)
Matthew Smith
May 02, 2022
Report
Thankyou to everyone at the team at Metro Finance. A massive thankyou to Elizabeth Gleave especially for all her help today. She did an amazing job turning our documents around to be presented to the house association. She was friendly, thoroughly explained each step and owned the process! Thankyou again, it is really appreciated.
Kashif Qureshi
Apr 22, 2022
Report
If You need them best of luck as your file handler and mortgage broker will only speak to you if they have no other choice. I have called them for a full day after every hour and they were on tea break, lunch break, cigarette break(may be), Toilet Break or whatever break you can think of. However if they need you they will be ringing you like you owe them money. Overall my experience was very unprofessional and stressful. Not going to this company ever again.
Lottie Aston
Feb 12, 2022
Report
Used them in 2020 for a shared ownership purchase and they were great. Got everything sorted for me, easy to contact, friendly and put everything in layman's terms so I could understand what was happening.
Patrycja Synowicz
Sep 14, 2021
Report
Poor communication. Very slow response. Very unprofessional behaviour. I had bad experience with this company. They tried trick me that my earning can't be included in the mortgage. In result I lost chance for the share ownership property. The "Gentleman" also wasn't nice Bad experience, I don't recommend
