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Joint Equity Terms & Conditions
► T&Cs for the Joint Equity website
This site and its content is designed to explain as much as possible about the Joint Equity Scheme and is provided for information only.
All names and logos are the property of Joint Equity Ltd and may not be used without prior consent.
► Joint Equity does not offer financial advice
Joint Equity Ltd., its staff and this website are not offering investment advice. Joint Equity is not registered with the Financial Services Agency and is precluded by law from offering investment advice.
All investment and financial advice is provided either by our nominated representatives or your own professional advisors.
► The Joint Equity Scheme
For the avoidance of doubt we restate here that Joint Equity Ltd is the originator of the Joint Equity Scheme and the manager of your investment once the investment decision has been made.
Nothing contained on this website or any subsequent communication is to be construed as forming an offer or will form part of a contract .
► Returns on your Investment
The value of any property is subject to market forces and conditions and can go down as well as up. An investment of this nature must be considered as medium to long term (between 5 and 10 years) and it must be accepted that the JointEquity Scheme may not have a high liquidity.
This means an investor may not be able to withdraw their investments quickly.
► T&Cs for the Joint Equity Scheme
Full details of our Terms & Conditions are provided in our Information Pack and Partner’s Contract, but here are the main points:
► Owner-Partners must purchase between 50% - 75% of their Joint Equity home
If you wish to purchase either more or less, you can’t do it through the Joint Equity Scheme.
► You have to use our professional team
Our professional team will carry out your conveyancing, building survey and arrange your mortgage, so you don’t have to worry about any of these things.
However, you must engage your own solicitor to advise you on our Partner’s Contract before you sign it.
► You pay your own professional fees
Although you use our team, you are responsible for paying their fees. See typical costs.
► You have to sign the Joint Equity Partner’s Contract
The Joint Equity Partner’s Contract is there to protect both the Owner and the Investor. It also explains the role of Joint Equity Ltd, and states what will happen in case of a default or dispute.
► You have to use our mortgage
We use specialist mortgages which you can’t pick up on the high street.
► What’s in this section?
► Our mortgages have a maximum loan to value of 85%
This means that you have to contribute a deposit that is at least 15% of your ownership share.
► There is a 2 year minimum tie-in
If you want to sell or move home before 2 years have elapsed since your property purchase, there will be fees to pay.
► Owner-Partners have all the responsibilities of a home-owner
Owners must cover the cost of maintenance and repairs on the property, but the home is also theirs to do with as they wish - provided their actions do not reduce the value of the property.
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.