Stepping onto the property ladder

Owning your own home can be an uphill struggle for many, with house prices and the deposits needed continuing to rise. However, there is a light at the end of the tunnel and that light is low cost home ownership, or shared equity, which offers first time buyers the opportunity to purchase a property at a lower than market value. 

Low cost home ownership means as buyers, you purchase a 70% equity interest in a property and we retain the remaining 30% equity interest. That means you may only require a 5% to 15% deposit for the 70% equity interest, which could also reduce the amount of mortgage required to purchase the property. 

There will be no repayments to be made to us by you until you sell the property, however, there is the option to repay our 30% interest at any point, either in full or in agreed stages (depending on the terms of the documentation you signed with us on completion of your purchase).