► Selling for Owner-Partners
At some stage all Joint Equity Owner-Partners want to sell their property and move.
As with everything else, at Joint Equity we’ve tried to make it as straight forward and transparent as possible.
There are a number of options available to you (see right), and each of them involves certain costs (for details click here).
Additional information is available in our Information Pack.
Selling your home as a Joint Equity Owner
► Selling as an Owner - the options:
1: If you wish to sell, your Investor-Partner has first option on buying your share.
2: Your Investor may want to take the opportunity to realise his capital growth, so you sell the whole property and share the proceeds according to your ownership percentage.
3: Your Investor may be happy to stay with the property so you can offer your share for sale to new Owner-Partner.
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.
► How to sell with Joint Equity
As a Joint Equity Owner-Partner you can add your property to our online property
listing which is available to all registered potential Owner-partners.
You can appoint a Joint Equity Estate Agent Partner, who has detailed knowledge of
selling Joint Equity properties, or appoint your own.
You can even use one of the numerous online DIY property sales options. Let us know
and we will supply all the logos and sales support information you will need.
You are still required to use the Joint Equity Conveyancer but other than the sale
is the same as any other.
► Do I need the Lender’s approval
As the mortgage is a special product with a unique structure, the incoming Owner-Partner
does have to be approved by your Lender before the sale can be confirmed.
However, if they have been through the application process they are fairly certain
to be approved.
This is really no different from a normal sale where the accepted purchaser still
needs to apply for a mortgage.
