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► Is Joint Equity what you need?
Joint Equity is probably what you're looking for if you want to buy a home of your own and one or more of the following statements applies to you:
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1
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You don't have enough for the deposit on the home you want to buy.
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2
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Your salary is not high enough to get a traditional mortgage on the home you want to buy.
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3
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You see property ownership as an investment and want to benefit from the increase in value of your home.
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4
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You are fed up with renting, and want to be on the property ladder with a mortgage in your own name.
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5
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You don’t like the insecurity that renting and their tenancy agreements brings.
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6
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You would like the capital growth on the property you're occupying to benefit your bank balance.
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You are not in one of the 'keyworker' or other occupations which would allow you to benefit from lower-
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You are a 'keyworker' or similar, but don't want to live in one of the designated areas or properties that you have access to under the current government schemes.
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► Is part-rent, part-buy best for you?
However, The Joint Equity Scheme may not be the best option for you if :
A You have an alternative means of raising the deposit you require (e.g. by recouping investments, or borrowing from parents or another family member), as you could get a better return that way.
B You're the footloose-type who doesn't want to settle in one place for 2 years or more.
C You don’t have, or can’t get, the cash required for the deposits and fees, such as stamp duty and solicitors costs. (Please note Joint Equity does not charge the Owner Partner any fees for purchasing the property)
The Joint Equity Scheme for shared ownership is about owning your own home in a way that is affordable to you. We operate a flexible part-buy, part-rent scheme which is available to most people. See Eligibility criteria for details
In this section:
► Where to next?
If you think Joint Equity could be the way for you to buy your own home, then find out:
how Joint Equity works, and;
Or, if you’ve already read enough, click here for an information pack & to get a personal illustration.
The Joint Equity Scheme is for first-time buyers, home owners and property investors. This site is developed and maintained by Joint Equity ltd. ©Joint Equity (2006)
Joint Equity Ltd works with Mortgage Beaters Ltd to provide case studies & Illustrations to prospective Owner-Partners & Investor-Partners. Joint Equity Ltd does not carry out any regulated activities and so is not regulated by the FSA (Financial Services Authority). Joint Equity Ltd are introducer appointed representatives of Mortgage Beaters Ltd, which are authorised and regulated by the Financial Services Authority.
The content of this website is accurate to the best of our knowledge and for information only. We do not provide financial advice.
Click here for an
Info Pack & Illustrations
Info Pack & Illustrations