Shared Equity schemes at Image, Hemel Hempstead

Whether you are a first time buyer struggling to jump onto the property ladder or you're planning to move for a new lifestyle. Now we’re making it even easier to buy that home through the Dandara Shared Equity scheme.

Some of the options available include:

• You only pay 80% of the purchase price up front
• Your home is 100% yours from day one – this is not a shared ownership scheme
• It gets first time buyers onto the property ladder
• There is no rent to pay on the remaining 20%

How the shared equity scheme works

You own 100% of the property, however you only have to buy 80% of the value, as Dandara will provide the remaining 20% interest free for up to 10 years.  Even better with shared equity you will only need a 5% deposit (rather than the normal 20% required by lenders).

You own 100% of the property, however you only have to buy 80% of the value, as Dandara will provide the remaining 20% interest free for up to 10 years. Even better with shared equity you will only need a 5% deposit (rather than the normal 20% required by lenders).

An example of this is shown below.

• 1 bedroom apartment £165,000
• Mortgage required for only £132,000 (80% of the value)
• Dandara will loan you the 20% which will need to be re-paid on or before the end of a 10 year period or if you sell. (Independent valuations will be undertaken at the time you decide to repay the loan)
• 5% deposit required by the lender will be £8,250

Please call 01442 838 120 or complete an enquiry form to find out more about our First Time Buyer packages.

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Read the shared equity case study

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Please note: all buyer incentives are subject to terms and conditions