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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.
NickCJ-
I've not heard of the term shared appreciation mortgage before but will look it up, thanks for the tip.
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effectively stop you moving up the ladder
We won't be moving again after this actually. This will be it. So we want to get as big a place as we can now. Not concerned about trading up in the future.
dubkev
Anyone in here used a company called Proportunity to boost how much you can borrow? The search brought up zero results.