Why Buy Using the Shared Equity UK scheme?

Why not keep renting instead?

With the Shared Equity UK scheme, you can:

• Buy anywhere and almost any property, including resale's and new builds within your local area.

• Stop wasting money renting.

• Buy a larger property in a better area.

• Buy and live alone, you do not have to share living space.

• Afford to get onto the property ladder faster!

• Share in any equity increase in the value of the property.

• Be protected by our Shared Equity UK Co-buyers Contract.

• Start paying for a mortgage in your own name.

• Buy with smaller deposit required and solve any salary-multiple problem.

Shared Equity UK shared home ownership can help you if you want to buy your own home instead of wasting money by renting. Whoever you are and wherever you want to live.

Don’t have a large enough deposit?

As house prices have dramatically risen in recent years so has the need to raise larger deposits and salary multiples becoming insufficient to required borrowing. If you want to buy your own home you might be having problems with borrowing sufficient funds, but this is a common problem and the reason why we have developed the Shared Equity UK scheme for Home-Buyers.

So what happens if you do not have a large enough deposit or don’t earn enough for the size of mortgage you need?

Shared ownership through the Shared Equity UK scheme offers an innovative alternative to traditional home ownership, by helping you to part-buy: part co-invest together with an independent property investor, who shall allow you to use their financial standing and assets to help you buy the property of your choice- reducing your deposit, closing costs and resolving your salary-multiple problem also.

Related site links:

The Shared Equity UK scheme for buyer's

Parents can help!

Frequently asked questions.

Why use Shared Equity UK?

Shared Equity UK is a straightforward, flexible solution, you are not restricted to where or what you can buy like many Housing Association schemes and not limited to key workers or waiting lists. Let's Move's Shared Equity UK scheme delivers suitable resale and new build properties for shared-ownership within your locality. We offer our expert advice and support throughout the buying process and manage your Co-buyers relationship throughout. There's ongoing support in place to provide you with assistance for as long as you need it.

The overall cost of the scheme, taking into account returns to investor and mortgage payments would be similar to buying the property outright. So, while Shared Equity UK may not be cheaper it does help those people that do not have sufficient income to meet the requirements of a mortgage lender.

You will also contractually have the opportunity to buy the remaining equity or part of when you can afford too from the Investor-Buyer. This will be at a predetermined value at such time.

This section has been written for you as an Home-Buyer but we recommend you read the other sections of our site to gain a wider understanding how our Shared Equity UK scheme works.