Shared equity agreements make it easier to
buy property by allowing an equity partner, to contribute some of the deposit
or purchasing price and the equity partner is repaid in the future or when the property
sells.
Equity agreements can be accessed from:
·State governments
·Non-profit organizations
·For-profit lenders
·Private individuals
If your property rises in value, your
equity party will receive a fair portion of the value when you sell the
property or sometime after you have purchased the property.
If your property is in negative equity, you
could end up owing your equity partner more than property’s value, depending on
your agreement.
If you need to speak to a property
strategist, contact us @propertyloans@realrenta.com and we will put you in
touch with Jamie Doman, our strategist partner.
Need a property loan?
Contact us @ propertyloans@realrenta.com
Jason Gwerder
Thursday, 20 February 2020