Equity Share

EquityShare calculator

You need a minimum deposit of around 6.5% (9% for properties of £250K and above). If you leave Deposit blank, the calculator will assume you have 10%.

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Buy Now or Later?

You may be thinking that, with all the economic uncertainty, now is hardly the time to be getting into the property market.

The funny thing about markets is that they don't always get it right. Sometimes it's best to go on intuition rather than on what the experts say.

In 2009, for example, in the immediate aftermath of the credit crunch, experts said that house prices would flatline for a long time to come. What happened? In May 2010, Nationwide Building Society reported that house price inflation had reached double digits. That's over 10% in one year. If you don't believe it, check out their website here.

The same article made the point that house prices are still 10% below their peak in 2007, so we could still have some way to go.

Now experts are saying once again that house prices will fall, or the market will be pretty boring for the next 5 years, or that everyone will now rent properties instead of buying them, etc. etc.

They could be right. On the other hand, it's hard to deny the remarkable fact that house prices in Great Britain have risen by an average of 8% a year since 1973. And if, as the government seems to be saying, we're in for another round of 'quantitative easing' in 2012 (aka printing money), it's a safe bet that house prices won't scrape the bottom for much longer. You only have to see the speed at which rents are going up to appreicate that, if anyone comes up with a half decent solution to the first time buyer problem (and by the way, we think our solution is 100% decent!), then all that energy will be redirected and the housing market will take off big time.

Why EquityShare?

The main reason house prices are low at the moment is the lack of mortgage finance. The number of available mortgage products has fallen sharply since 2007. At the same time mortgage lenders require you to have a big deposit, which if you are a first time buyer is a no-no. So it's back to renting, or living with mum and dad until your mid thirties. Currently, the average age of a first-time buyer is 38. It used to be mid twenties.

EquityShare changes all this by putting cash in your hands at the point when you're buying your first home. By boosting your deposit to 25%, we make it possible for you to get on the property ladder 10 years sooner than you otherwise would.

Why wait until your thirties? Buy now.