It's good to share!

18 / 05 / 2011

Whether moving in to your first home, or a bigger home, Walker Group could make it childsplay!

Our shared equity scheme shares the cost of your home – loaning you up to 20% of it*, interest free, for up to 10 years. So a brand new 3 bed Walker Group home could cost less than £124,000.

Shared Equity: What is it?
This is a scheme to make home ownership accessible allowing you to buy your new home by reducing the initial price which you have to pay, thereby reducing your mortgage and possibly allowing you to buy a bigger home that you thought you could not afford.

How does it work?
Your new home belongs fully to you from the onset. The home will be in your name as is the mortgage. Walker Group will retain an agreed share of the value of the property (between 15-20%), with you right from the start. This share means that you can enjoy a sizeable reduction in the price of a quality new home immediately. Homes selected for the plan are at the discretion of the Company.

How much will it cost?
You make no interest payment whatsoever on the Shared Equity portion, so in effect this is an interest free loan for up to 10 years.

When is the money paid back?
The Shared Equity is paid back to Walker Group when you sell the home, or within a 10 year period. This amount (between 15-20%) is calculated on the selling price at the time of resale. To avoid dispute an independent valuer will be asked to provide an opinion on the value of the property at that time.

If you have further questions regarding Shared Equity, please speak to our on site sales advisor.

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