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About Joint Equity Ltd
► Joint Equity’s beginnings
Joint Equity Ltd., started by Brad Bamfield and Tamsin Fox-Davies, began operations in 2006 to promote and operate the Joint Equity Scheme.
Brad got the idea for the Joint Equity Scheme from talking to friends and relations who were having trouble buying their first homes. He realised that this problem couldn’t be confined to his acquaintances alone, and on doing some preliminary research discovered that approximately 250 000 first time buyers are being pushed out of the property market every year!
► The problems of First-Time Buyers
Further research revealed that there are 3 main reasons that first time buyers are unable to buy a home:
1. As mortgages are only normally offered at 3.5 times the buyer’s annual salary, an individual has to earn £35,700 per annum in order to get a £125,000 mortgage . Most aspiring first time buyers earn considerably less than this.
2. The high cost of renting and paying off student debts prevents young people from saving for a large deposit.
3. The rented sector offers no security to the occupier and they hate having a landlord and agent hanging round their necks all the time.
► Brad develops a conscience!
At about the same time, Brad was considering the ethical stance of his own investments and talking to others who were also reluctant to use buy-to-let as a property investment strategy.
He wanted to give something back to society after spending 30 years as a successful developer and construction manager, and decided that helping others to attain the security of their own homes was the way to do it.
So the idea of a Partnership between the Owner and the Investor where both would benefit from each other was born.
Brad Bamfield, CEO
► What’s in this section?
► Tamsin is asked to contribute
On discussion with his colleague, Tamsin Fox-Davies (a sustainability specialist), the Joint Equity idea was further developed and refined, and a little later the two of them decided to launch Joint Equity Ltd together.
► How the Joint Equity Scheme is managed
The Joint Equity Scheme is managed by Joint Equity Ltd and we make sure that both Owner and Investor Partners are treated fairly and that their interests are protected.
Joint Equity Ltd owns no share of the properties whose purchase we facilitate – only the Owner and Investor Partners actually hold ownership stakes – but we do cover our costs through the levying of moderate management fees.
► The role of Joint Equity Ltd
The function of Joint Equity Ltd is to pair Owner & Investor Partners and to facilitate the process of home purchasing using our specially developed contracts and mortgages.
We also ensure that both partners are adhering to their part of the contract entered into through un-intrusive checks at regular intervals, and report to all partners on how their investments are performing.
Additionally, we operate the Joint Equity Partners Networks and the Joint Equity Affiliates Network to provide extra support and help to all Joint Equity Partners.
The Joint Equity Scheme is for first-time buyers, home owners and property investors. This site is developed and maintained by Joint Equity ltd. ©Joint Equity (2006)
Joint Equity Ltd works with Mortgage Beaters Ltd to provide case studies & Illustrations to prospective Owner-Partners & Investor-Partners. Joint Equity Ltd does not carry out any regulated activities and so is not regulated by the FSA (Financial Services Authority). Joint Equity Ltd are introducer appointed representatives of Mortgage Beaters Ltd, which are authorised and regulated by the Financial Services Authority.
The content of this website is accurate to the best of our knowledge and for information only. We do not provide financial advice.