Joint Equity Home

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About shared ownership schemes
► What is ‘shared ownership’?
There are 2 types of shared home ownership:
The Joint Equity method is funded privately, and;

The Housing Corporation approach, which is primarily funded by central Government.
Both shared ownership schemes are very similar in construction but they are very different in action.
Joint Equity shared ownership Scheme allows you to buy the property of your choice, that is any property, anywhere you want to live. The Joint Equity shared ownership scheme is open to anyone providing you can afford the mortgage and rent payments.
Joint Equity shared ownership Scheme is open to first time buyers and key workers but is also available to anyone else.

► What is is Joint Equity shared ownership
Shared ownership through the Joint Equity Scheme is simple, easy to understand, very transparent, has few restrictions and is a true partnership between the occupier and the investor.
For a review of the Government sponsored shared ownership scheme please Click here.
The following table compares the Joint Equity shared ownership Scheme (JES) with those of the Housing Associations (HA).
* for more information on Prime and Sub Prime Mortgages go here , or jargon buster here.
Joint Equity is a private shared ownership scheme, for more information on publicly funded shared ownership, click here.
Costs
Housing Associations
Joint Equity
Eligibility criteria
Extensive, job based, income based,
where you live
One - Able to afford payments
Applicants priority criteria
Yes
No
Restrictive covenants
Yes
No
Resale restrictions
Yes
No
Recovery of a % of value increase
Yes
Many HAs have a profit claw back clause
No
Geographically restricted
Yes
No
Type of property restricted
Yes
No
Part buy and part rent
Yes
Yes
Rent on % not owned
Yes
Yes
Mortgage required
Yes
Yes
Arrange your own mortgage
Yes
No
we arrange it for you
Adverse credit history
Possibly
Not at present
Service charge
Yes
No
Charged for rent collection
Yes
No
Occupier responsible for maintenance
Yes
Yes
Improvements permitted
Yes
Yes
Cost of improvements
Occupier
Often shared
Buy back
Fixed rate
Open market   
 with small discount
Dictate who you can sell to
Yes
No
Tenure of property
Freehold or
Leasehold 99 years
Freehold or
Leasehold 25 years
► What’s in this section?
Our legal disclaimer
Articles
About shared ownership
Typical costs
Mortgage options
Joint Equity Scheme eligibility
FAQs
Email
About Joint Equity
Our Privacy Policy
Our Terms & Conditions
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Key:
Green = better
Red = worse
Blue = the same