Shared Equity
Can we share the cost with you?
You can move into your new home with shared equity and a mortgage (subject to status) arranged for you by City Financial.
Features include:
- You own 100% of your new home at 80, 85 or 90% of the price
- You pay no interest or rent on the outstanding balance
- You have up to 10 years to repay the outstanding balance
- Your home is 100% yours from day one
Conditions apply. Subject to status. Please ask for details.
*All Mortgage offers are subject to the status of the applicant.
*Scotia Homes Limited will provide a loan for the remaining 20% of the purchase price for up to 10 years, secured by a second charge over the property. The repayment sum will be the greater of the original 20% or 20% of the market value of the property at the time the property is sold, re-mortgaged or transferred. No interest is payable unless there is a default. Terms & conditions apply and full details will be provided on request. This offer is subject to status and only available on selected properties.
Your home is at risk if you do not keep up repayments on a mortgage or other loan secured on it. Be sure that you can afford the repayments before entering into a credit agreement. Scotia homes Ltd are appointed introducers to independent advisors City Financial and all loan agreements must be made through them.
