Shared Appreciation

The jargon term "SAM" refers to Shared Appreciation Mortgages (remortgages). This type of remortgage typically offers a lower level of interest. The low interest rate given to the borrower is offered in return for the of sharing the property’s potential equity uopn the future sale of the property. The share taken by the remortgage lender will varry so we would urge you to shop around. The lower the share of the property value and the lower the interest charges the better the deal.

Quite often, such mortgage / remortgage deals are offered by new build dvelopments, this reason is simple - The UK property market is supposidley running out of steam, and new blood arriving on the market is reducing greatly. So if property developers are to cash in and mortgage lenders are to scoop up the business they will of course need to offer a deal that appears in essence to be relatively simple. So be aware of the down sides. Some people refer to these types of mortgages as saviours, others as wolf's in sheeps clothing. So the message is simple  - Get some specialist advice.

Those who are skeptical of such a remortgage proposition should seek the advise of a remortgage specialist. As the property market oscilates (mortgage market changes) no one can be safe in the knowledge that this the ultimate remortgage deal.

Don't mistake these with a right to buy scheme (council house purchase) or a Key Worker scheme.

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