Ownhome

This is a shared equity product offered by Places for People with The Co-operative Bank. Places for People could provide you with a shared equity loan of between 20% and 40% towards the purchase of a property on the open market to be used in conjunction with a mortgage from the Co-operative Bank in the first instance.

There are no interest payments for the first five years. After five years you would be charged a fixed rate of 1.75% interest on your Ownhome shared equity loan each year. After a further five years this would increase to a fixed rate of 3.75%.

For more information please contact Places For People on 0845 607 0110 or visit www.ownhome.co.uk.

You can apply to Ownhome directly, or through www.homebuy.co.uk.

Ownhome flyer

Your home is at risk if you do not keep up rent and mortgage repayments or payments on other loans secured on it.
Please note the value of properties can go down as well as up.