A case study

For Home-Buyers

This is intended to give prospective Home-Buyers an idea of what they could expect from Shared Equity UK ownership.

Jane is a 27 year old working in the cosmetics industry, earning just over £19K a year. She had been renting a flat for 4 years locally, her employer decided to relocate offices from London to Milton Keynes so she thought she might relocate with her company and buy a home to take advantage of cheaper house prices.

She wanted to buy a 2 bedroom house at £139,950 with a view to renting out one of the bedrooms, but her salary would only permit a mortgage of £70,400. She had savings available of £11,000, which would leave her short of £58,550 and unable to buy her chosen home.

Through the Shared Equity UK scheme this shortfall is provided for by the Investor-Buyer, with the effect that Jane can now afford to buy!

The illustration below shows how Jane and her Investor-Buyer bought her home, and the purchase costs and on going costs for each Co-Buyer.

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If you feel the Shared Equity UK scheme maybe the answer you have been searching for and wish to talk to one of our advisers then Contact Us or should you wish to receive free and entirely without obligation Request An Illustration .

Please note:

YOUR HOME OR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

Your actual deposit will depend on your circumstances, but it will be at least 10% of your Agreed Share of the Property. This is considerably less of a deposit than if you had bought the whole of the Property yourself.

This case study is for illustrative purposes only and does not constitute an offer or form part of a contract.