The way we work is similar to the Government backed shared home ownership schemes except we do not have any public funds nor do we have any Government imposed conditions. Our application process is simple, our legal process is streamlined and we make it as painless as possible for our Partners to move in.
If you are living in private rented accommodation or with your parents, if you have a limited deposit or if you have a “normal” job with a “normal” wage Joint Equity may offer the easy step into owning your own home. Simply you own 50% of the property and are the Resident Partner, you may require a mortgage for your Share which is pre-arranged through our regulated mortgage broker partner.
Options for Homes Ltd will be your Non Resident Partner and you will pay them a Partner Payment for the 50% you do not own. This is a fixed % for the time you remain a Partner.
The Joint Equity culture is about us all being Partners and that we can achieve far more working together than we can individually.
That means we have to be honest, open and transparent after all you are entrusting us to help you with your largest value purchase, your future and your well being and we take that very seriously.
The Joint Equity Treating Partners Fairly policy is a keystone of our approach more details and to download click here
You can find out more on Joint Equity the scheme and how it works from the Joint Equity web site here
You (the Resident Partner) get to treat your home as your own, being able to decorate, improve and otherwise generally maintain it as you wish.
You share in the capital growth of your home if it’s value goes up (proportional to your ownership percentage).
When you want to sell Joint Equity will help with the process and your NRP may buy your Share back from you if you agree, details of the Share buy back scheme are in the Partners Contract which controls the relationship between the Partners. The Partners Contract can be downloaded as soon as you register your interest, which is without obligation.
We do have some some conditions and of course the mortgage company has conditions but because your Non Resident Partner is also your co-owner the “risk” is shared and that makes it all a bit easier.
Our Treating Partners Fairly process demonstrates our commitment and it works. More
The Joint Equity conditions
