The firm has experienced an increase in 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 added that 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, said there has been a increased demand for shared ownership products.

He added: “There are increasing numbers of first time buyers for whom shared ownership schemes are the only way they can hope to get a foot on the housing ladder and contrary to what many seem to think, shared ownership does not have to equal sub-prime.”

“We are happy to consider any shared ownership cases that fit our criteria and will be pleased to discuss our packaging requirements for shared ownership mortgages with existing or new brokers.”

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