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Never used them but it looks like a shared appreciation mortgage - the term may be familiar from a series of scandals in the 90s /00s.
Clearly if property prices keep rising it ends up being hugely expensive and can effectively stop you moving up the ladder as the equity you build is turned over to the lender.
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It looks pretty expensive. You'd need to be fairly desperate for a property out of your budget and have some form of exit route planned to make it an option I'd say.
NickCJ
aggi
@dubkev
Anyone in here used a company called Proportunity to boost how much you can borrow? The search brought up zero results.