How much do you need to earn to buy a home? It ranges from £24k to £97k

A ‘chronic shortage’ of homes for sale in Britain’s cities has helped to push house prices up in urban areas by more than 10 per cent this year. It means buyers need to earn significantly more than a typical wage before they can own a city home.

New figures suggests that out of 20 major cities in Britain, the average household income needed to afford a home with a typical 76 per cent mortgage is £49,700, up from £45,000 a year ago.

But the range is significant – from less than the average wage at £24,000 in Liverpool, to a staggering £80,200 in Oxford and almost £100,000 in London.

The research by Hometrack found those buying in Liverpool need a smaller deposit at £26,500, compared to £88,700 in Oxford and £108,000 in London.

The weakest rate of growth has been Aberdeen, where average house prices have dropped 2 per cent following a 12 per cent increase the previous year.

The city with the strongest turnaround in the past year has been Glasgow, where growth has jumped from 1.8 per cent to 8 per cent as prices recover from a relatively low level in one of the most affordable cities covered by the research.

Hometrack blamed a lack of supply, created by strong demand from investors along with a low number of existing homeowners who are moving. The latter group accounts for 33 per cent of housing sales today compared to 50 per cent in 2007.

Richard Donnell, director of research at Hometrack, said: ‘The scarcity of homes for sale looks set to remain a feature of the market in 2016. This will only ease once we see greater levels of output from home builders and renewed activity among existing mortgaged homeowners.

‘Questions about the sustainability of house price growth are being raised as house prices accelerate on growing scarcity and lower sales volumes, especially in the high growth markets such as London.

However, there is a glimmer of hope for buyers as investor demand weakens next year, Hometrack predicts. This will be due to the changes in stamp duty rates for second homes and the tax relief changes for landlords.

Mr Donnell added: ‘Assuming the first interest rate rise is in the second half of 2016 then we expect 7 per cent growth in city level house prices over 2016 with housing transactions broadly flat. This is based on a slowdown in growth across London as affordability pressures and lower investor demand ease the upward pressure on house prices.

‘Earlier and faster rate rises than those assumed by the market would reduce the scale of house price growth as they would further impact investor demand and mortgage affordability.’

The Bank of England is widely expected to raise interest rates in the second half of next year from the historical low of 0.5 per cent as the economy improves.

Brad Bamfield, CEO of Joint Equity says “buying with Joint Equity means your deposit is lower at 5% of house price as a minimum and we use your ability to pay rent as the affordability factor. So if you have paid rent for 12 months or more we will support you up to £100 per month more than that rent.”

This means most people who can afford to rent can afford to buy with Joint Equity.

Article source This Is Money, full article here.

Shared Home Ownership rises by 130% in 6 years

A new report from mover conveyancing services provider, My Home Move, has found that the number of shared home ownership purchases increased by over 130% in the last six years.

The Government shared ownership scheme, which was re-launched eight years ago via HomeBuy Direct, has grown in popularity as house prices across the country have risen by nearly 30% since 2011. Having analysed over 100,000 of its home buyer records, My Home Move discovered that shared home ownership purchases account for around 1% of property transactions year each, with nearly one in five (17%) being purchased by first-time buyers.

At Joint Equity we have found that over 58% of applicants are First Time Buyers with 33% in the divorced and separated and 9% in the retired-renting sectors.

Doug Crawford of HomeBuy says: “For many, the prospect of buying a home outright is still a pipe dream, as prices have risen by around £60,000 since 2011, meaning that a home in the UK now costs an average of £217,000, or if you’re looking to buy in London, nearly £500,000. It is no wonder that solutions like shared home ownership have grown in popularity, and by the end of 2017 we would expect shared ownership transactional volumes to account for more than 1% of all activity – especially as many lenders are now more willing to lend on shared ownership schemes, which historically only a small number of building societies would.”

As there were 1,057,340 residential purchases in England last year a volume of 1% is 10,500 which Brad Bamfield, CEO of Joint Equity, noted is 25% below the target of 135,000 the Government announced in the 2015 Autumn Statement and the announcement tin the 2016 Budget that 13,000 new shared home ownership properties would be brought forward into the 2016 2017 round.

The research also revealed that, on average, the age of those buying a shared ownership home has decreased, with those in their mid-thirties now accounting for the majority of purchases; while between a third and a half of all shared ownership transactions take place in London and the South East each year.

Doug continued: “Whereas six years ago it was those in their 40s who looked to buy a shared ownership home, today it is those in their 30s – thanks in part to the Help to Buy: Shared Ownership scheme.”

Brad Bamfield also says “Joint Equity has found that our age range of applicants for partnership in the Joint Equity Shared Home Ownership Scheme is between 25 and 75 with the youngest applicant just 21. It is clear that shared home ownership and especially our Scheme with the total emphasis on Partnership in Ownership is easily understood and very acceptable to our potential Resident Partners.”

The target Joint Equity has is to add 25,000 Joint Equity Shared Home Ownership homes a year once we have established adequate private funding sources but Brad Bamfield says “our target of 25,000 homes will only scratch the surface of the demand which has built up over the last 10 years and our research shows a past demand of nearly 500,000 which is growing by around 75,000 homes a year. The difference between the Joint Equity and the Government schemes just about is we will support “any home, any where” and focus on second hand property, as we do not feel new build is of sufficient standard or size to give long term investment security to our Partners. The other major drawback to Buy to Let is that the ownership is leasehold until the Government loan is paid off then you have to buy the freehold.”

More from Joint Equity www.jointequity.co.uk

Rent rises likley to triple in 2017 as landlords pass on all the new costs to tenants

Rent rises could triple in 2017 after a year of little growth as landlords pass on new costs to tenants

Extra tax charges for landlords will be passed on to tenants, claims Landbay
But rents were up just 1.1% in the year to November, falling behind inflation
Forecast that rents will rise by 3% next year – triple this year’s rate

The pace at which rents are rising is set to triple next year as landlords force tenants to bear their rapidly increasing costs, according to one expert. Rising rents are bad news for tenants but how can they avoid the rental trap when mortgages are so hard to get?

The chief executive of property investment platform Landbay is predicting that rental inflation, which has slowed this year amid a tumultuous year for landlords, will see a spurt next year with rents rising 3 per cent in 12 months – almost tripling this year’s inflation rate.

Across the UK as a whole rents rose by 1.12 per cent in 2016 to November, slowing from 2.34 per cent by same point in 2015, according to Landbay’s analysis.

It means the average rent paid by tenants renting from private landlords hit a record £1,188 per calendar month, up from £1,177 at the turn of the year; an extra £11 per month or £132 per year.

But the more benign environment for renters won’t last, according to John Goodall, chief executive of Landbay.

‘When you look at the raft of regulatory, political and economic challenges coming to bear on the buy-to-let sector in 2016, it’s clear to see why rental growth has slowed this year, but the fall in rents is unlikely to last,’ he says. ‘We expect the tide will turn in 2017.’

A new stamp duty levy was slapped onto landlords purchasing new buy-to-let properties in April this year causing a spike of buy-to-let purchases in the first three months of 2016. These properties were then released onto the rental market over the summer, giving tenants more choice and pulling rents down – temporarily.

IN 2017 tighter mortgage controls from the Bank of England and the removal of tax relief for buy-to-let will put even more pressure on landlord finances with widespread warnings they will have to hike rents to afford increasing costs.

‘These changes are likely to restrict the supply of rental housing in 2017,’ warns Goodall.

‘Tenants will have little choice but to compete for what properties are on offer. As a result we expect rents to rise faster than the pace of inflation next year, with growth tripling to 3 per cent by the end of 2017.’

This will come as a blow to those living in cities in the Midlands where rents have rocketed since the government’s second high speed rail line was announced in January 2012. The area around Birmingham Curzon Street has seen rents rise 23.7 in five years compared to the national average of 8.8 per cent over the rest of the country and rents across the city of Birmingham have also rocketed, rising 22.4 per cent since HS2 was confirmed.

Leeds has seen rental inflation of 15.3 per cent, Sheffield has seen rents lift 15 per cent and Manchester has seen rises of 14.5 since January 2012 – outstripping the rest of the country.

Avoid rising rents and consider Joint Equity Shared Home Ownership as the real alternative.

Joint Equity Co-Ownership – an alternative way

In this article Brad Bamfield, Joint Equity CEO, discusses Joint Equity Shared Home Ownership – a new way to buy a home for home owners and new opportunities for investors.

There are over 1 million people trapped in the rental market with all the wasted money and insecurity that entails when they would rather live in their own home. There are also many investors falling out of love with Buy to Let who still want to invest in the UK residential property market. Now we have a solution that brings benefits to both these parties.

For over 35 years I have been a builder and developer selling well designed flats and houses that I am very proud of and my buyers are happy to live in.

But I have always been aware that for every home I built 10+ people were disappointed either being unable to get a mortgage or not being able to raise a high enough deposit. This meant they remained trapped in rented accommodation.

In my time I have lived in rented houses and I hated both the insecurity of a Short Hold Tenancy and the restrictions and interference of the landlord and agent. And if I hated it, so do many others.

I really do not want anyone who does not want to, to have to live in a rented property so my vision was to devise a way to help those who needed help to get a home of their own.

Big ask? You are right but I was convinced there was a way to help people move out of rented into home ownership.

In 2006 I devised, invented, designed (call it what you will) a new structure that combines traditional approaches to buying and investing in homes in a new way – Joint Equity Co-Ownership.

As my personal targets have always been the “shoot for the moon” types, I have set the goals for Joint Equity as

To help 25,000 people every year buy their own home and
To provide investors with better returns and less risk than Buy to Let.
Provide a real Ethical Investment opportunity

Now with Joint Equity Bonds we have the means to attract sufficient investors to make this happen. So now my goals are within our grasp.

We can easily see what our Resident Partners get from Joint Equity.

Security,
A home of their own,
No landlord or letting agent
A knowledgeable Partner who is on your side
A 50% share of the growth in house prices.

But what do Joint Equity Bond investors get?

Their money back at the end of the Bond.
Secure investment paying a good rate of return which increases the longer they hold the investment. I call this an escalating rate of return and I am told its innovative.
A terminal bonus that is either fixed and accrued annually.
No hassles associated with being a landlord or having agents always asking for more money. No voids, damage, late payments, problem tenants, increasing legislation, changing tax regimes. (I could go on but there really is none of the problems with the traditional Buy to Let process).

Investors also get the big win with Joint Equity – the feel good factor, the personal satisfaction that comes from knowing that they are helping people who without their investment could never have the security of living in their own home. The essence of Ethical Investments.

So is my vision to help 25,000 people a year move into their own homes and to deliver good returns to investors achievable while being ethical?

Absolutely.

I am a hard headed developer but I also know there are 1,000’s of people (our investors) who really do want to get involved and help others while making good returns on their money.

It’s a market solution for a social need – the perfect definition for Ethical Investment.

Brad Bamfield

CEO & Founder Joint Equity

More information www.jointequity.co.uk

Homeownership is always important to UK people

A new UK-wide study from first direct highlights the meaning of success to people across the UK and reveals what they deem as ‘successful’ and important throughout different stages of their lives.

The research shows that young Brits aren’t deterred by the ever-increasing challenge of getting on the property ladder and are more keen to own their own homes than their parents.

Ambitious and unphased

According to the latest official figures, the typical home in the UK costs £216,674 – up by 6.9% from the previous year. As a result of the rise, the BBC recently reported that first-time buyers would need to find an average deposit of about £33,000 for a mortgage on such a property.

In order to save for a deposit of this amount, first time buyers on the average UK salary of around £27,000 would need to save their full pre-tax wage for at least 14 months.
Despite the ever increasing challenges, the research suggests that young Brits are more determined than most to achieve the home ownership dream with 71% of 18-34 year olds saying it is important to them to own their own property against just 66% of those aged 45-54.

A place to call your own – Young Brits’ vision of success

The majority of millennials define success as simply having something you can call your own – 66% typically class success in the property market as owning your own home and funding it independently (41%); not having a large (20%) or expensive (13%) property.
However, owning your own home doesn’t come without being financially stable – 86% of those between 18-34 say admit this is important to them with the vision of achieving this between the ages of 25-34.

Interestingly, for 18-24 year olds; owning the perfect family home sits high on the list of life goals too. This age group are the most likely (than any other age group) to define success within the property market as ‘a great family home’ (51%), which they have funded independently (46%) – in comparison to less than a third (32%) of 35-44 year olds who believe this.

Home ownership

When taking a wider look at the whole of the UK, first direct found that the majority of Brits (64%) believe simply having a place to can call your own, no matter where it is or what it looks like, is the vision of success when it comes to property. Similarly, over a third (36%) also believe that success comes from funding your home independently.

‘Family is the heart of the home’ – second on the success scale is to have a great family home (37% said this is the measure of a successful home) and a similar amount of Brits (36%) measure a successful home by the desirability of the area. Brits admit having a large (12%) or expensive property (8%) is of little value when it comes to a home with both revealed as some of the least important measures of a successful home.

Joint Equity Shared Home Ownership can help many people make the break from renting or living with parents who would be excluded from home ownership because they have insufficient deposit or their income is too low for the new mortgage affordability tests.

More here

Rents rise – but slower although additional upward pressure is coming

HomeLet has revealed that 2016 rents in the UK rose on average 1.7% in December – less than half the 3.8% rate of rental price inflation in December 2015.

According to the report, landlords agreeing new tenancies during December achieved more modest increases in rent than in previous months, with the annual rate of rental inflation falling from 2.9% in November.

Across the UK as a whole, the average rent for a new tenancy commencing in December was £892 per month, compared to £877 in December 2015. In Greater London, rents rose from £1,478 to £1,508 over the same period, a smaller percentage increase but still a higher rental value.

HomeLet’s Rental Index data for 2016 reveals a year of two halves: during the first six months of the year, annual rental price inflation was consistently 4% or higher, peaking at 4.7% in June. In contrast, the second half of the year saw rental price growth steadily reducing to the lowest rate of increase in the final month of year.

In some areas of the country the slowdown over the year was even more marked. Rents in Greater London were 2% higher in December compared with 6.8% at the mid-year point.

Rental price inflation is still running ahead of general inflation as measured by the consumer price index, but the slowdown seen during the second half of 2016 raises questions as to the extent to which landlords will be able to raise rents further during 2017. While some property analysts have predicted strong rental price appreciation in the years ahead, particularly relative to house price growth, landlords, in recent months, looked for much more modest increases. This could prove significant during 2017, with impending tax changes beginning in April potentially reducing the returns available from buy-to-let property investment.

While it has been suggested landlords impacted by the reduction in mortgage interest tax relief will seek to recoup this additional cost from tenants, this may not be feasible if lower rental price inflation persists. Further cost pressures to come include the potential impact of November’s announcement of a ban on letting agents’ fees, which could see landlords asked to meet such expenses in connection with renting their property to new tenants.

Across the UK as a whole, rent accounted for an average of 28.0% of tenants’ household income before tax, down slightly on last December’s figure of 28.4%. In London, the equivalent figures are 31.0% and 31.2%.

Martin Totty, HomeLet’s Chief Executive Officer, said: “While demand for rental property remains strong, landlords always have to be mindful of tenants’ ability to pay higher prices. The data recorded by the HomeLet Rental Index during the second half of last year suggests we have now begun to approach an affordability ceiling, particularly in areas of the country where rental price inflation was previously highest.

While the industry has speculated that landlords will increase rents to mitigate the impact of factors such as the impending reductions in mortgage interest tax relief, this may prove problematic given the pricing trends we’re currently seeing in the market and the potential for higher inflation and a squeeze on real earnings in 2017.

The private rented sector is now having to cope with a series of disruptive elements, just at a time of great economic uncertainty, and amid a continuing systematic imbalance between supply and demand for residential property. The assumption that landlords have sufficient means to bear higher costs will soon be tested. Tenants must hope they do.”

The regional picture for 2016

Northern Ireland, where rents were 6.4% higher in December than in the same month of 2015, saw the strongest rental price inflation of any region in the UK last year, followed by the North-East of England (4.9%) and Wales (3.9%). Just one region saw a fall in rents over the same period, with the East Midlands recording a drop of 0.4%.

Regions that were more likely to show higher rental increases during the first half of the year saw a more marked pull-back in the second six months. This was led by London, but the South-East saw rental price inflation fall from 4% in June to just 1.7% in December, while the East of England dropped from 5.5% to 2.5%.

Starter homes out of reach for most?

Even discounted starter homes could be out of reach for the majority of families across the country, according to the Local Government Association (LGA).

Its analysis found that prices will be out of reach for all people in need of affordable housing in 220 council areas (67%) and are out of reach for more than 90% of people in need of affordable housing in a further 80 (25%) council areas.

People in need of affordable housing are defined as those who would have to spend more than 30% of their household income to rent or buy a home.

For the average earner with a 5% deposit, a 20% discount would make it possible to borrow enough to buy a starter home in just 45% of all council areas in England.

First-time buyers will be able to buy 200,000 new starter homes over the next five years (that is 40,000 homes a year) at a minimum discount of 20% to the market value. However, there is a demand for over 350,000 new homes a year. Discounted prices will be capped at £450,000 in London and £250,000 elsewhere.

The 20% discounts for new buyers would be funded by exempting developers from paying Section 106 contributions towards affordable rented housing and Community Infrastructure Levy contributions. In its own analysis, the Government has suggested that should 100,000 starter homes be built through the planning system, between 56,000 and 71,000 social and affordable rented homes would not be built.

Although house-builders will be able to build and sell starter homes below the price caps, councils are concerned that this could be difficult for developers to achieve without compromising on quality, particularly in areas with higher house prices.

Cllr Peter Box, LGA Housing spokesman, said:

“The private sector has a key role to play in solving the housing shortage, but it cannot build the 230,000 needed each year alone. Councils need to be able to ensure genuine affordable homes continue to be built for rent and sale across the whole country for future generations and the millions of people stuck on waiting lists.”

Joint Equity helps all buyers buy their own home by buying 50% of the property, reducing the amount of mortgage the Resident Partner needs to raise and for about the same cost as renting a similar home.

Home ownership is still hard to achieve.

Research by Halifax says there were more first-time home buyers in 2016 than at any time since the start of the financial crisis, however that is well down on the numbers who were able to buy homes before 2007.

Joint Equity tracks first time buyer numbers because it is one of our primary sectors, the others are divorced and separated and retired renters, and we think the best way to understand what has happened to the market is to look at it graphically.

First Time Buyers 2001 to 2016

This graph shows the quite dramatic decline from the 2001 high but this does not tell the real story and that is the number of people, which grows each year, that are unable to live in their own home.

The average FTBs buying their own home from 1991 to 2000 was 507,233 every year. As our population grows from 57.5M in 1991 to 65M in 2015 it is reasonable to assume the real number of First Time Buyers wanting to live in their own home almost rises.

Now we are not statisticians (fortunately) and we accept that there are many factors that could distort our assumptions but we are simple people here at Joint Equity and we

UK Population 1990 to 2015

look at things simply as probably this tells us the clearest story.

If the numbers of FTB’s in the early 1990’s was an average of 0.882% of the total population then if we assume the average number who want their own home is constant the number of FTBs in 2015 who want their own is 0.882% of 65M which is 573,390.

That means that in 2015 approximately 237,640 people wanted to buy their own home who could not, who were denied access to the home ownership market.

So where did they go as they must live somewhere after all? As we see from the media many go back home to Mum and Dad and the rest have to go into private or social rented. This is supported by the growth in the private rented sector over the last 20 years.

Types of home tenure

Extrapolating the fairly steady growth from 2005 to 2014 for 2015 and 2016 we now have 5,800,000 privately rented homes in England an increase of 2,700,000 since 2005.

So it’s a fair assumption that the decrease in owner occupation and increase in population has been accommodated in the private rental sector and that means the Buy to Let predominantly.

Returning to the decline in Fist Time Buyers we can assess the total number of people who would like to buy their own home and cannot as the difference between the average demand (570,000) and the take up of FTB homes in 2016 (335,750) which is 234,250 people who cannot buy their own home. If we do this for each year of the decline below the average demand, then we see 3,800,000 people have been unable to buy their own home since 2001. Which corresponds to the growth in Buy to Let.

People excluded from home ownership

Halifax also found the average first-time deposit more than doubled compared with 2007 to stand at more than £32,000 and 60% of first first-time buyers’ mortgages were for 25 years or longer, up from 36% a decade ago.

Other reports in 2016 have found the average age that people buy their own home is also rising and is now around 33.

With the constant attacks on Buy to Let landlords (see Another Blow to Buy to Let Investments here) the numbers of BtL properties available will be static (best case) or decline as the combination of increased stamp duty, lower tax allowances and higher mortgage criteria send investors elsewhere.

What we need is

Another way for investors to participate in the UK residential property market that is simple, secure and pays reasonable returns.
A financially viable alternative way for the people who want to live in their own home top do so.

Joint Equity shared home ownership scheme offers a solution to both home owners and investors.

Through Joint Equity Bonds investors can invest securely in UK residential assets at reasonable returns with attractive terminal bonuses.

The Joint Equity scheme offers a new alternative for aspiring home owners who cannot buy their own home because their income is too low or their deposit is too small to provide a reasonable mortgage for the home they want.

More information on Joint Equity www.jointequity.co.uk

No way out of renting for four in ten tenants

Home ownership is out of reach for 42% of tenants, who say they cannot afford to save for a deposit at all, and other want-to-be homeowners are unable to save enough.

The average amount saved by the 35% of tenants who do save for a deposit is £12,125 – about 7.3% of today’s average house price of around £165,000. That’s significantly less than the 10 to 20% which is typically required (approx. £16,000 to £30,000).

What many people aren’t aware of are the alternative co-ownership options available to them. With Joint Equity, for example, the minimum deposit required is 5% of the home value which for today’s average house is £8,250.

Surprising still is that nearly one-third of tenants are spending more than half their take-home pay on rent, and 35% of those managing to save a deposit are having to dip into it, either regularly or to pay for holidays. Among the under-30s, 60% have already used their home savings pot for other things.

These statistics are all from the property-sharing website SpareRoom, and another interesting and perhaps unexpected statistic shows that the large majority (79%) of those polled described themselves as employed professionals.

Matt Hutchinson, director of SpareRoom.co.uk, said: “A significant proportion of the people we polled expect to live in rented accommodation for at least five years, and many believe it will be much longer than that.

“The facts speak for themselves. Soaring living costs mean it’s a struggle for many households just to keep their heads above water each month, let alone have enough spare cash to put aside towards a deposit. The survey shows that even those who are squirreling away funds have not managed to save anywhere near enough to buy the property they want.”

Brad Bamfield CEO of Joint Equity said, “These stats continue to shock us which is why we’re determined to help educate people about alternative home ownership options. For instance, our Resident Partners can now live in their own home in co-ownership with us on a 50/50 basis. In nearly all cases if you can afford to rent you can afford to buy with Joint Equity.”

“We aim to help over 25,000 people leave the rented sector for their own home every year and our vision is that no one who does not want to rent should be forced to stay in it longer than really necessary”

For more information visit www.jointequity.co.uk

Our thanks to http://www.spareroom.co.uk/

Joint Equity Co-Ownership – an alternative way

Joint Equity offers a new way to buy a home and new opportunities for investors.

There are over 1 million people trapped in the rental market with all the wasted money and insecurity that entails when they would rather live in their own home.

There are also many investors falling out of love with Buy to Let who still want to invest in the UK residential property market. Now we have a solution that brings benefits to both these parties.

For 35 years I have been a builder and developer selling well designed flats and houses that I am very proud of and, very importantly, my buyers are happy to live in.

But I have always been aware that for every home I built 10+ people were disappointed being unable to get a mortgage or not being able to raise a high enough deposit. This meant they remained in rented accommodation.

In my time I have lived in rented houses and I hated both the insecurity of a Short Hold Tenancy and the restrictions and interference of the landlord and agent.

And if I hated it, so do many others.

I really do not want anyone who does not want to to have to live in the rented sector so my vision was to devise a way to help those who needed help to get a home of their own.

Big ask? You are right but I was convinced there was a way to help people move out of rented into home ownership.

In 2006 I devised, invented, designed (call it what you will) a new structure that combines traditional approaches to buying and investing in homes in a new way – Joint Equity Co-Ownership.

As my personal targets have always been the “shoot for the moon” types, I have set the goals for Joint Equity as

To help 25,000 people every year buy their own home and
To provide investors with higher returns and less risk than Buy to Let.

Now with Joint Equity Bonds we have the means to attract sufficient investors to make this happen. So now my goals are within our grasp.

We can easily see what our Resident Partners get from Joint Equity.

Security,
A home of their own,
No landlord or letting agent
A knowledgeable Partner who is on your side
A 50% share of the growth in house prices.

But what do Joint Equity Bond investors get?

Their money back at the end of the Bond.
Secure investment paying a good rate of return which increases the longer they hold the investment. I call this an escalating rate of return and it seems innovative.
A terminal bonus that is linked to the increase in property prices over the life of the Bond.
No hassles associated with being a landlord or having agents always asking for more money. No voids, damage, late payments, problem tenants, increasing legislation, changing tax regimes. (I could go on but there really is none of the problems with the traditional Buy to Let process).

Investors also get the big win with Joint Equity – the feel good factor, the personal satisfaction that comes from knowing that they are helping people who without their investment could never have the security of living in their own home.

So is my vision to help 25,000 people a year move into their own homes and to deliver good returns to investors achievable? Absolutely.

I am a hard headed developer but I also know there are 1,000’s of who really do want to get involved and help while making good returns on their money.

It’s a market solution for a social need – the perfect definition for ethical investment.

Brad Bamfield

CEO & Founder Joint Equity

More information www.jointequity.co.uk

How much do you need to earn to buy a home? It ranges from £24k to £97k

Shared Home Ownership rises by 130% in 6 years

A new report from mover conveyancing services provider, My Home Move, has found that the number of shared home ownership purchases increased by over 130% in the last six years.

Rent rises likley to triple in 2017 as landlords pass on all the new costs to tenants

Rent rises could triple in 2017 after a year of little growth as landlords pass on new costs to tenants

Joint Equity Co-Ownership – an alternative way

Homeownership is always important to UK people

Rents rise – but slower although additional upward pressure is coming

The regional picture for 2016

Starter homes out of reach for most?

Home ownership is still hard to achieve.

No way out of renting for four in ten tenants

Joint Equity Co-Ownership – an alternative way

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