Shared Equity
- Introduction to Affordable Housing
- Shared Equity
- Shared Ownership
Allows your client to become a home owner with the assistance of a third party who takes an equity share in the property to help fund the purchase. The third party's equity share is secured by way of a second charge/ranking and is usually in the form of an interest free, payment free loan that becomes repayable on resale, together with a share of any increase in the value of the property.
There are a number of Government Shared Equity schemes and Halifax is pleased to be working in partnership with them to offer you and your clients this type of lending solution.
