2% Deposit?
Achieving the first rung on the property ladder should be easy and affordable. For most it is neither.
We’re on a mission to change that.
How does it work?
1
Tenowner (tenant-owner) pays a 2% deposit
2
Sponsor pays 98% remaining balance.
3
Home is purchased (in tenowner’s name) with first charge over the property given to the sponsor (to protect their investment).
4
Tenowner pays the sponsor 1% per month (Through an FCA regulated paymaster).
12-24years @ 1% a month = Home Ownership
Home is purchased (in tenowner’s name) with first charge over the property given to the sponsor (to protect their investment).
In most cases we envisage people will utilise this option to help get them started and move in.
Once they are in a position to re-mortgage with sufficient equity and or additional deposit they will do exactly that. These homes can be purchased with a traditional mortgage too as they are BOPAS certified.
That is a more cost effective option, however this is designed to help those for whom a 10% deposit is not yet within their grasp and they’d far rather buy than rent!
In short we thought long and hard about how we can make buying a home within any of our communities easy and straightforward.
Because a home of your own is a basic human need and there should be as few barriers as possible to make that happen.
A home of your own gives mental security that cannot be expressed were mere words, it is something that has to be experienced and owned within yourself. Home, my home, mine!
Here’s to you for your support in even reading this through.
If the above resonates, please have a look at our Tiny Home Token (100% refundable).
Your investment helps us to demonstrate the need for these genuinely affordable homes.
And that helps us to secure the investment we need to make this happen on a national scale!
And of course it gives you £1000 off the price of your new home as an early investor. Why not back something you believe in?
Do you want to support what we are doing?
We are a not-for-profit organisation so you can make a donation if you wish… If you want to know more about the story first, to know who and what you are supporting with your hard earned pennies…
Please click ‘Our Story’, it’s all shared there.
…and/or you can invest in a Tiny Home Token.
This is a demonstration of your interest in becoming one of our founding members of our first community (or one of our future communities) and the start of something very special.
The choice is yours, we are simply grateful for your support.
Just enter your details below and we will send you some more information direct to your inbox.