We consider applications with adverse credit history:

• CCJs that are over three years old and have been settled.
• IVAs or Bankruptcies that are over three years old from agreement.
• Defaulted payments that are from more than 12 months ago.

If you are unsure whether to apply, we encourage you to fill in your details and book a call with a member of our team.

This is a 5 year tenancy, and you should approach this with the view that you will be in the Property for at least 5 years. We do however understand that people’s circumstances may change.

Therefore, in the circumstances specified below, you may end the tenancy after the first two years by giving at least three months’ notice in writing:

• You have been unemployed for a period exceeding 6 months
• You are diagnosed with a serious illness or disability
• You are required to relocate for work and cannot reasonably be expected to commute from the Property

We encourage you to notify us of any change in circumstance as soon as you are made aware of it.

After 5 years, if the price of the house is lower than or the same as the property was originally purchased for, there will be no increase in value to share with you.

In this instance, and shortly before the end of your 5 year tenancy, we will consult with our fund and assess our ability to extend your tenancy. If an extension is agreed there will be a new tenancy agreement (with a new rent figure fixed for the duration of the new agreement) for a further period of time.

Alternatively, at the end of the 5 year tenancy you are of course free to leave the property.

There are certain criteria that we look for to ensure the property has the best possible chance to increase in value (in line with market expectations) over the 5 year tenancy period. The basic criteria are as follows:

• Freehold properties (houses)
• Properties accepted as generally mortgageable i.e. no mobile homes, park homes, house boats).
• The house must be sold vacant (i.e. no sitting tenant…you can understand why!)
• Old build (not new build homes due to the premium attached on initial purchase)
• Standard construction (built using industry recognised construction methods).

No we do not buy properties available through shared ownership schemes, as we own the property outright from day one.