With shared equity you own 100% of your home as soon as you purchase the house.
On purchase you pay 75% of the value of the home. You pay a deposit and get a mortgage as you need on that amount.
Hellens Residential then lends you the remaining 25% for 10 years. There is no rent to pay during the 10 year period. This gives you time to save to pay off the loan.
The shared equity loan is payable after the following events: –
If you would like any further information on shared equity properties then please contact us.