Buyer Incentives

Visit the AHDC Show House on Tancred , Anfield, Liverpool, L4.
Opening Times:

 Sat - Sun 1pm - 4pm or ring Sutton Kersh:

0151 - 521 - 7383 for private viewings.

Phase one of the AHDC’s award winning project is now open for sale and over 70% have already been sold. Prices start at £139,999
3 & 4 bedroom houses are still available for sale so enquire to buy NOW!

Taken from Northwood UK   -   http://www.northwooduk.com/html/platinum.html  

The Platinum Scheme:

Who Is It For:
Our Platinum service is designed for those Landlords who place security high on their list of priorities and require a regular guaranteed income and the peace of mind associated with this very popular service.

How This Unique Guaranteed Rent Scheme Works:
Once one of our experienced team has valued your property, we will offer you a set amount for a period of one year, which is renewable. This will be paid to you monthly on the same day every month regardless of whether the property is vacant or if the tenant residing in the property stops paying the rent. There are no fees or commission payable with this scheme.

Guaranteed Contract Start Date:
Once you have vacated the property, we guarantee to start the contract the day a tenant moves into the property. If we are unable to find a suitable tenant within twenty-five days of you vacating the property, we will start the contract on the twenty sixth day excluding 10th December to 1st January.

Legal Action:
Should the tenant residing in the property refuse to vacate the property at the end of their contract or break the terms of the contract causing the need for legal action all costs involved in pursuing the tenant will be met by ourselves. During the period of any court action you will still receive continuous rental payments.

Renewing The Contract:
Approximately twelve weeks before the end of the yearly contract we will write to you and offer you a new contract for a further year or give you the option of having your property returned to you. Property Inspections:
We will make periodic inspections of the property and a copy of the report will be kept on file.

Inventory:
Once the property becomes vacant we will prepare a full inventory and take a comprehensive set of colour photographs to ensure a trouble free hand over when the property is eventually returned to you.

Maintenance:
In the event of a maintenance problem occurring, whenever possible, we would first inform the Landlord allowing them the option of rectifying the problem utilising their own resources. Alternatively, if instructed, we will arrange for a local contractor to carry out the maintenance. Once the work has been completed, a copy of the invoice will be sent to the Landlord and the invoice total deducted from the next payment due to the Landlord.

Internal Condition Of The Property:
Especially when a property is let long term, a keen tenant in making your property their home, may wish to make minor improvements normally in the form of redecoration. If however a tenant damages the property, we will rectify damage up to a cost of one and a half months rent.

Charges:
There are no fees or commission payable with this scheme. The Platinum Guaranteed rental income scheme offering guaranteed rent even when the property is empty.

Shared Equity Schemes:-
 
What is Ownhome:
Ownhome is provided by a partnership between Places for People and The Co-operative Bank.  Ownhome gives people the chance to take up to 40% of the value of the property in an equity loan from Places for People.  They would pay nothing at all for the first five yearson the equity loan.   After these five years, a low rate would be paid on the sum – starting at a fixed rate of just 1.75% interest per year for the next five years,  and then increasing to 3.75% interest per year from year eleven. The remainder would be funded through a conventional mortgage with The Co-operative Bank. There will be no premium or extra charges on the mortgage, and customers can choose from a range of competitive deals including fixed rate and tracker options. Customers can apply for Ownhome through their local HomeBuy Agent, or directly on the Ownhome telephone line 0845 607 0110.

Mychoice Homebuy:
MyChoice HomeBuy enables applicants to apply for a mortgage with any lender they choose.  The scheme would provide them with up to 50% of the value of the property as an equity loan.  The remainder would be funded through a conventional mortgage with a Financial Services Authority regulated lender.   They would pay a lowrate of 1.75% per annum on the equity loan funded by one of eight housing associations who are acting as equity loan providers*.  The rate they pay on the standard mortgage would depend on the deal selected through the mortgage providers.    With both products, no deposit is required, but is allowed.   When the property is sold, the equity loan provider will be entitled to a share of any increase in the value of the property.

Open Market Homebuy (1)

What is it?
Open Market HomeBuy is a government-backed product that aims to help certain groups of people who cannot afford to buy a home on the open market without assistance. The scheme provides access to additional money called equity loan(s), which run alongside a conventional mortgage loan. There are two Open Market HomeBuy products available. Expanded Open Market HomeBuy (EOMHB), which started on 2 October 2006 and Open Market HomeBuy (Government loan only) (OMHB - GLO), which started on 23 July 2007. How does it work? 
Expanded Open Market HomeBuy Two equity loans – each worth around 12.5% of the value of your home – are provided: the first is provided by the same participating lender that you select to provide your conventional mortgage loan; and the second is provided by the Government and administered by a HomeBuy Agent – a housing association in England that has been appointed to operate the product. 

Who is eligible?
Existing council tenants, Existing housing association tenants, People on council housing waiting lists, Key workers and some other priority first time buyers. How do I apply? Contact your local Homebuy Agent How do I raise a mortgage? Selected specialised products are available for open market homebuy.
 

The ‘Open Market HomeBuy’ scheme enables you to get a loan alongside a regular mortgage even though you may not have a deposit. You can only apply for one if you are a council or housing association tenant, a Key Worker or a first time buyer and cannot afford to buy a home without assistance.

Open Market HomeBuy work? (2) This scheme provides ‘equity loans’ to those eligible for assistance. An equity loan is where the lender shares in any rise (and sometimes any fall) in the value of the property over the course of the loan. The loans come from participating equity loan providers, and are administered by them and the ‘HomeBuy Agents’. The Housing Corporation, a government agency, appoints HomeBuy Agents.The Open Market HomeBuy scheme works by providing an ‘equity loan’ for up to 50 per cent of the value of your home. You can choose from two different options within the

Open Market HomeBuy scheme:

‘MyChoiceHomeBuy’, provided by a group of eight housing associations called ‘CHASE’

‘Ownhome’, provided by a housing association called Places for People, in partnership with Co-operative Financial Services (the Co-op Bank)

Who can apply?
You may be eligible if you are a first time buyer with a household income of less than £60,000

What can you get?
MyChoiceHomeBuy provides:
an equity loan of between 15 to 50 per cent of the value of the property you intend to buy – this means you would need to cover the rest of the cost of your property through savings or/ and a mortgage provided by a range of qualified lenders regulated by the Financial Services. 

AuthorityOwnhome provides:
an equity loan of between 20 to 40 per cent of the value of the property you intend to buy - this means you would need to cover the rest of the value of your property through savings or/and a mortgage initially provided by the Co-operative Bank What are the interest charges?

MyChoiceHomeBuy:
from year one, the interest charge for the equity loan will be equal to 1.75 per cent of the value of the loan, which is paid for monthly
 this charge will increase annually by an amount equal to the Retail Price Index plus 1 per cent
The Retail Price Index measures changes in prices over the course of a year.

Ownhome:
 there is no interest charged for the first five years
 from the sixth year of the equity loan there will be an interest charge equal to 1.75 per cent and 3.75 per cent from year 11 onwards

Do you need a deposit?
You don’t need a deposit. However, if you do have some money to put towards the cost of the property, then you can use this to reduce your mortgage.

What are the repayment conditions?
If you are eligible, you do not have to repay the money provided by the HomeBuy Agent/equity loan provider until you sell your home. You can pay it back earlier as well, partially or in full, provided you comply with the terms of your initial mortgage agreement. You will have to share any increase in your property’s value with the loan provider.

How to apply:
If you think you are eligible and want to know more about the HomeBuy scheme, please contact your local HomeBuy Agent to find out what options are available in your area. If you are a Key Worker, you should contact a HomeBuy Agent for the area where you work. HomeBuy Agents will be able to advise you on your eligibility and take you through the application process. You can also apply directly to the equity loan providers who will ask you to complete a HomeBuy application form. To get in touch with your local HomeBuy Agent or the loan providers.

Open Market HomeBuy is a government-backed product that aims to help certain groups of people who cannot afford to buy a home on the open market without assistance.
The scheme provides access to additional money called equity loan(s), which run alongside a conventional mortgage loan.
There are two Open Market HomeBuy products available. Expanded Open Market HomeBuy (EOMHB), which started on 2 October 2006 and Open Market HomeBuy (Government loan only) (OMHB - GLO), which started on 23 July 2007.