Equity Share

Own your own home for 90% of the purchase price

Hillreed’s Equity Share scheme has been specifically designed with you in mind. It is not a Shared Ownership Scheme.

Getting onto the housing ladder may seem an unthinkable task, making your next move when you have outgrown your current home may seem just too big a step to take or that investment you would like to make may be just out of reach, whatever your position the Equity Share Scheme may work for you.

These are the key benefits

• You own 100% of your home at 90% of the price now. Or for apartments 85% of the price.
• There is no rent or interest to pay for 10 years
• You can pay back the loan at 10% (15% for apartments) of the open market value at anytime during and upto the 10 years.
• You don’t have to wait you can get the brand new home of dreams right now.

This is how it works

• We fund a maximum of 10% (15% for apartments) of the purchase price of your new home upto a period of 10 years.  We do this by means of a second charge, which allows us to recover our funding when you sell your property or refinance, similar to a building society or bank.
• At the time you decide to do this we ask that the amount to be repaid is linked to the open market value of your home at that time.
• It is as simple as that.
   

CALL US NOW ON 01622 626800 OR EMAIL US AT kentsales@hillreed.co.uk