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Propertunity
cado1
Posts: 109 Forumite
Anyone used them to get on the property ladder ?
Thoughts ?
Thoughts ?
Total Unsecured Debt at October 2018 £29,411
02/20 £ 6,374:j
02/20 £ 6,374:j
0
Comments
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Active 8 months and sole director is pushing 80.
Something tells me this isn't a goer1 -
I suspect the OP meant "Proportunity" whose company details are here.Active 8 months and sole director is pushing 80.
Something tells me this isn't a goer
I know nothing more about them though.0 -
Seems to be a shared equity loan you borrow 15% of the purchase price from them with interest only payable for 7yrs at 1st 3.99%pa the 5.75%pa. At the end of the 7yrs will need to find 15% of the then value to redeem the loan, that's in addiction to the yrs of interest you will have paid.0
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The other day I saw them in one of those free tube newspapers. Claim to be fairly similar to the government Help to Buy, but available for any home (not just new builds) and less restrictive. Seem to be pretty new... Anybody here used Proportunity since this thread was created?0
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Wow the rates are great.
Just on the website now asking for £500,000 because I want a big big house.0 -
Nice idea, but even if you can swallow the bonkers interest rates, will the banks accept this as a source of money for the deposit? Most of them don't particularly like the Government backed HTB that is interests free for 5 years, this one should tank your affordability like a brick.0
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Seems to be geared towards London properties. Tried finding a home to the north, and it didn't come up with any matches.
Any language construct that forces such insanity in this case should be abandoned without regrets. –
Erik Aronesty, 2014
Treasure the moments that you have. Savour them for as long as you can for they will never come back again.0
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