HELP FIRST-TIME BUYERS ONTO THE PROPERTY LADDER
The even equity loan is like help-to-buy, but for pre-owned homes
It can be a struggle to find the right deal for first-time buyers who are constrained by either LTI or low deposit. But now Even can help – with their interest-free equity loan. If your client has 5% saved towards their target price, Even could loan up to twice their deposit, up to £100,000.
It’s the only interest-free private equity loan on the market, so it won’t materially affect monthly affordability payments for your client. Instead of charging interest, they share in the increase or decrease in the property value when the owner repays the loan. Their share in the change in value is relative to their contribution vs the borrower’s deposit.
Their outcome is always aligned to the customers — they only do well if customers do!
Proc Fees
| Product | Gross | Net | ||
|---|---|---|---|---|
| All products | 1% | 0.90% |
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How to Register
Registering for the first time:
Request to join the Even panel via the website.There is then a short application form to complete.
If you are already registered:
Email [email protected] requesting Paradigm as a payment route
Add Paradigm as payment route:
Put Paradigm as a payment route when completing the application form.
THIS SITE IS FOR PROFESSIONAL INTERMEDIARY USE ONLY AND NOT FOR USE BY THE GENERAL PUBLIC.
Useful Links
Paradigm Mortgage Services LLP
Office address: 1310 Solihull Parkway, Birmingham Business Park, Birmingham B37 7YB
Registered in England and Wales. Company No: OC323403. Registered Office: Paradigm House, Brooke Court, Lower Meadow Road, Wilmslow, SK9 3ND
Paradigm Mortgage Services LLP is a Limited Liability Partnership.