Ownhome - Equity loan Scheme

This is a shared equity product offered by Places for People with The Co-operative Bank. Places for People could provide you with a shared equity loan of between 20% and 40% towards the purchase of a property on the open market to be used in conjunction with a mortgage from the Co-operative Bank in the first instance.

There are no interest payments for the first five years. After five years you would be charged a fixed rate of 1.75% interest on your Ownhome shared equity loan each year. After a further five years this would increase to a fixed rate of 3.75%.

For more information please contact Places For People on 0845 607 0110 or visit www.ownhome.co.uk.