Shared opportunities ...
YOU OWN 100% OF YOUR HOME FOR 80% OF THE PURCHASE PRICE. PAY 80% NOW & 20% AT ANY TIME OVER THE NEXT 10 YEARS*
Shared Equity Information:
- You own 100% of the property for 80%* of the price now.
- Purchaser pays their share of the purchase price in the usual way at date of entry.
- Tulloch secure their investment though a charge on your property.
- You pay interest as specified in the Minute of Agreement on the 20%* portion.
- You have up to 10 years to repay the outstanding 20%* at market value (see above).
- Improvements in your home? The cost of any improvement/s that is made within the ten year period will be deducted from the sale price achieved at the time of sale.
- You have full title to your property.
- How to find out more? Simply contact Tulloch Homes and find out how easy it is for you to take the first step to owning your new Tulloch home.
- A deposit may not be required with certain lenders and is subject to certain criteria.
- Only available on selected properties and developments and subject to Tulloch Homes terms and conditions.
- Final decision subject to Head office approval.
Your home may be at risk if you do not keep up repayments on your mortgage. You should ask your mortgage lender for details or seek independent mortgage advice.
*Maximum shared equity would be 80/20 split however a lesser shared equity portion would be available to suit purchaser's affordability.
