No. But because you part-buy and part-rent your home, it’s easy to get us confused with Shared Ownership schemes. We’re actually very different. Here’s how:
Shared Ownership | Wayhome |
Usually only new builds | Older properties with established value |
High service fees and charges | No, or low service fees and charges |
Most people still need a mortgage to help buy part of the home | There's no mortgage, no debt and no interest |
Difficult to buy more of (each time you need a new mortgage) | Easy to buy more of (everything you pay above rent goes towards increasing your equity and our share of the buying costs) |
Expensive to buy more of (each time you need a solicitor) | Easy to buy more of (from as little as £50 with no fees) |
Difficult to sell | Easy to sell and move on if you want |
For some people, Shared Ownership might be a better way to buy a home. We want to help people who can’t find a Shared Ownership scheme that works for them.
Hear more from one of our team 🙋
In the below video, Jason from our team explains how we're different from Shared Ownership, as well as covering a few other popular FAQs!
Click here to start watching.
