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► Projections March 2004
This page is intended to give prospective owners and investors an idea of what they could expect from Joint Equity ownership.
Mr N is a 23 year old working in the IT industry, earning just over £17K a year. He had been renting a flat for 2 years locally, and wanted to buy his own home to benefit from the high levels of property growth around Stansted airport.
He wanted to buy a 2 bedroom house with a garden at £149,950, but his salary would only permit a mortgage of £68,400. He had savings available of £10,000, which would leave him short of £71,550 and unable to buy his chosen home.
Through the Joint Equity Scheme this shortfall is provided for by the Investor-Partner, with the effect that Mr N gets his chosen home!
The illustration below shows how Mr N and his Investor-Partner bought his home, and the costs, earnings and savings achieved by both.
See typical costs for full details of who pays what.
The purchase was made in March 2004 and the case study values the investment 1 year later in February 2005 and shows a 103% profit on the original investment in just 1 year.
► Property Details
► Capital growth to February 2005
► Important note
Please remember that the property market is geographically sensitive and prices are volatile. Therefore your particular investment could go down rather than rise.
Your investment is at risk if you do not keep up the mortgage and rent payments.
This case study is for illustrative purposes only and does not constitute an offer or form part a contract.
Your actual deposit will depend on your circumstances, but it will be at least 15%.
► Capital growth to September 2005
► In this section:
The Joint Equity Scheme & Selling
The Joint Equity Scheme & Selling
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.