Private shared equity schemes
From 16th January we will no longer accept applications on private shared equity schemes.
We will continue to support applications where the customer is buying a home with an equity loan provided by a Local Authority, Housing Association or Government scheme, which is the majority of current shared equity schemes.
We will no longer accept applications where the equity loan is provided by a private company, developer or builder.
This change applies to full applications submitted from 16th January. If a Decision in Principle (DIP) was keyed before this date but the full application was not submitted until this date then the new rules would apply and a private shared equity application could not be submitted.