Equity Share

EquityShare calculator

You need a minimum deposit of around 6.5% (9% for properties of £250K and above). If you leave Deposit blank, the calculator will assume you have 10%.

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First Time Buyers

The market is tough on first-time buyers.

In the boom time of 2007, prices were out of reach to all but those with a line of credit from the "bank of mum and dad". Then came the credit crunch. Now prices are down and mortgages are a lot cheaper, but does this help you? Only if your parents can stump up a 25% cash deposit. History repeats itself. To those who already have, will more be given.

So it's back to renting. But with more people chasing tenanted property, this pushes up rents so that you now face a 'double whammy'. And all you are doing is paying the landlord's mortgage.

EquityShare solves these problems by providing deposits for first-time buyers, with the help of property investors. Here's how it works.

You put up (ideally) a 10% deposit and a 75% mortgage. Investors come in for the other 15%. It's as simple as that. You will have to pay rent on the part you don't own, but overall, this is a good deal. You have 5 years in which to buy out the investor's interest. In the meantime you grow equity, instead of being hung out to dry. Everyone wins.

Try the EquityShare calculator (opposite) to find out what works for you.