Shared ownership mortgages are gaining popularity as property prices continue to increase.

While shared ownership schemes were first introduced to help financially impaired individuals get a foot on the property ladder, they are becoming more mainstream as time goes by.

Constantly rising property prices have forced a significant portion of the population to rely on shared ownership schemes to help them buy their first property.

Because of this, some lenders now offer 100% loan-to-value shared ownership Mortgages for purchases made through shared ownership schemes.

Lenders will consider each case carefully, particularly in situations in which the applicant receives income support.

However, lenders usually only lend to people who have steady employment as they will be regarded as being more likely to be able to meet their monthly Mortgage repayments than individuals who receive income support or who have an intermittent work pattern.