Your first step is to register as a Resident Partner

  • Our Partner Application Information form is simple and quick to complete.
  • This tells us all we need to know to provide you with an illustration of all the costs that will be involved.
  • You may then make as many “What if?” calculations as you like. At this stage, there is no credit check or creation of a credit agency footprint.
  • Once you have found a house-price that fits your monthly budget, hit “Make Application.”
  • Approval is usually very quick, and then you are in a position to make or confirm an offer on your dream home.

How much will this cost me?

  • The house purchase price – our negotiators can help you purchase the property for the best possible price. So you don’t have to deal with Estate Agents.
  • We will lead the purchase process with our inhouse lawyers – they are nice and work for you as well as us.
  • You will need a deposit of 10% of the property purchase price.
  • For instance, if the property is bought for £250,000, you would need a deposit of £25,000.
  • You then pay a monthly payment for the 90% that we provide to buy the home. So no mortgage company.
  • The monthly payment is calculated at application stage and is made totally clear. If you don’t like you can drop out with no obligation or cost.
  • Your monthly payment is not realated to interest rates so will not goo up and down as the Bank of England moves interest rates. A benefit of no mortgage company.
  • The other expenses of purchasing a home – again, Joint Equity will pay half of most of these expenses.
  • For instance, we will pay half of any stamp duty and half of the annual buildings insurance. We will even organise that insurance for you.
  • All of the costs involved are clearly laid out in our Joint Equity Partners Contract, a copy of which can be downloaded and read at any time.

What are the legal bits?

  • You must read and sign the Joint Equity Partners Contract.
  • A conveyancer from the Joint Equity approved list is then appointed, jointly by you and us.
  • A survey of the property is made.
  • Once the purchase process is complete, you can move into your own home.

Why do Joint Equity do this?

  • Each Joint Equity Investment Partnership invests in around forty-five to fifty properties similar to your own.
  • We aim to keep our share of each property for at least 25 years. We are looking for good properties that will increase in value, and good Resident Partners who will look after those homes and stay with us.

Interested in finding out more? Receive a Joint Equity information pack by email.

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