How to buy a home with 株d 所有権

By This Is Money
Updated: 09:57 BST, 22 October 2010

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First-time 買い手s struggling to get on to the 住宅 ladder can 調印する up to one of the 増加するing number of 株d 公正，普通株主権 or 株d 所有権 計画／陰謀s.

Take a chance: 株 所有権 or 株d 公正，普通株主権 計画／陰謀s give first-time 買い手s a chance

But while these can 供給する a way to （警官の）巡回区域，受持ち区域 rising house prices, it is 決定的な to go into the を取り引きする your 注目する，もくろむs open.

株d 公正，普通株主権 is 申し込む／申し出d on new-build homes. It usually 伴う／関わるs the 買い手 taking a 70% mortgage and a 30% '公正，普通株主権 貸付金' from the 政府 or a 所有物／資産／財産 developer. This 貸付金 is used instead of a deposit.

The 政府's HomeBuy Direct 計画／陰謀 finished last month. This gave borrowers 25 years to 返す the 公正，普通株主権 貸付金, which was 利益／興味 解放する／自由な for the first five years. But 所有物／資産／財産 developers usually want the 貸付金 repaid after ten years.

Barratt Homes, for example, 許すs homeowners to 支払う／賃金 75% of the 所有物／資産／財産 value while it 基金s the remaining 25% with a deferred 貸付金. Borrowers can 支払う／賃金 this 支援する over the next ten years or when they sell.

Crucially, the 貸付金 remains a 百分率 of the 所有物／資産／財産 - so if the value of your home 増加するs, so will the 貸付金. Barratt also 主張するs that 顧客s use its mortgage 助言者 and solicitor.

A 広報担当者 for Barratt Homes says: 'we have helped many first-time 買い手s get on the 住宅 ladder who would さもなければ be unable to afford to do so.'

Other developers such as Taylor wimpey and Crest Nicholson also 申し込む／申し出 株d 公正，普通株主権 取引，協定s, but the 条件 and 条件s 変化させる. But some who bought through 株d 公正，普通株主権 are in 消極的な 公正，普通株主権 - where the 量 借りがあるd is greater than the value of the 所有物／資産／財産 - after shouldering house price 落ちるs of around 25% in the new-build 部門, compared with 15% 全体にわたる since 2007, によれば 広い地所 スパイ／執行官 Savills.

David Hollingworth of 仲買人 London & Country says: '株d 公正，普通株主権 can be a good 適切な時期. However, you must read the small print and think about the long-称する，呼ぶ／期間／用語 ramifications of the 取引，協定.'

Melanie Bien of 仲買人 私的な 財政／金融 says: 'If you are considering a 株d 公正，普通株主権 取引，協定 from a 建設業者, make sure you go to one that is not likely to go 破産した／（警察が）手入れする.'

Halifax, Woolwich and 全国的な all lend on 株d 公正，普通株主権 計画／陰謀s. Natwest/RBS will lend only on 政府-支援するd 計画／陰謀s and not those 伴う／関わるing 所有物／資産／財産 developers.

An 代案／選択肢 is 株d 所有権, which 伴う／関わるs buying part of the 所有物／資産／財産 (between 25 and 75%) and renting the 残り／休憩（する） from a 住宅 協会. Richard 石／投石する, of SPF Sherwins, a 仲買人 specialising in affordable 住宅, says he does four 株d 所有権 取引，協定s for every one 株d 公正，普通株主権.

With 株d 所有権, borrowers can 徐々に 'staircase' - buy more chunks of the 所有物／資産／財産 - when they can afford it. The 所有物／資産／財産s are always new-build homes and borrowers usually need to earn いっそう少なく than £60,000 to qualify.

Mr 石／投石する 警告するs: 'If you want to staircase, it is difficult to raise 財政／金融 from a new mortgage 貸す人, so people are 一般に stuck with their 存在するing 貸す人.'

And while 住宅 協会s do 株 in any 増加する in 所有物／資産／財産 value, most don't 株 in 落ちるs. so while it will cost more to buy more of the 所有物／資産／財産 if prices 増加する, it won't cost いっそう少なく if they 落ちる. Most mortgage 貸す人s 要求する a deposit of 10 or 20% on the 量 of 公正，普通株主権 you wish to buy.

1st time: Kelvin Williams and Marissa Leahy with their daughter Brooke

The couple have a mortgage for 25% of the 所有物／資産／財産 through 全国的な, which costs about £200 per month, and also 支払う／賃金 rent of about £250 per month to the east midlands 住宅 協会.

Mr Williams, a 経営者／支配人 at a print company, says: 'We're really pleased with the 取引，協定. it's a lovely three-bedroom house with a garden, which we would never 普通は be able to afford. We 計画（する） to buy 完全な 結局.'