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.
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.