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► Selling for Investor-Partners
When an Investor-Partner joins with the Owner-Partner to buy the property they accept that this is a medium to long term investment and they can not force a sale on the Owner-Partner provided they do not default on payments.
However, Investor-Partners still have options if they want to raise capital from the investment before the Owner-Partner has given notice of their intention to sell.
The options are founded on the primary Joint Equity Scheme principle of Partnership between the parties.
► Investor selling procedure
If you need to raise capital from your investment before the Owner-Partner is ready to sell as well, the process is quite straightforward.
The Investor-Partner has to inform the Owner-Partner of their intention to sell and the Owner-Partner has first option to purchase the Investor-Partner share.
The Owner-Partner has 21 days to accept or decline the offer.
Selling your property as a Joint Equity Investor
► What happens next?
The options then are;
1: The Owner-Partner accepts the offer and buys the Investor-Partner share of the property.
2: The Owner-Partner declines the offer and the Investor-Partner can;
A: Offer the share to another existing Joint Equity Investor-Partner. We add your investment to the available investment list on the web site and in the newsletters.
B: Offer the investment to other Owner-Partners who might want to become Investor-Partners for other properties.
C: Offer the share for sale to non Joint Equity investors (there are a few simple conditions to protect the Owner-Partner such as the new investor has to accept the same conditions as the existing Investor-Partner and become a Joint Equity Investor-Partner).
All substitutions of Investor-Partners is subject to Lender approval
► Can I just release some equity?
Yes! If the Investor-Partner does not need to sell completely then there is the option to access any capital growth by increasing the borrowing on their share
► 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.