Buying your home

Start with minimum 5%, buy more over time, then buy us out completely!

Start with 5% deposit

You can start with anywhere between 5% and 30% of the home's value. 

Your deposit needs to be worth at least £7,500 but we'll pay for the rest!

Our Property Specialists take over

We calculate rent by looking at comparable homes in the same area, then reducing it by your ownership percentage. 

So if comparable homes typically rent for £1,000 a month and you own 5%, you'll only pay £950 a month (95%).

Fair market rents

You can buy more on a regular basis or in lump sums when you're feeling flush. And, if things are tight, no worries—there's no obligation.

You can buy from as little as £50 and there are no additional admin fees or hidden charges.

Gradually buy more and rent less

You can buy 100% of your home if you want to.

Our Gradual Homeownership scheme can help you get to 40%. 

Sadly, the remaining 60% needs to be bought without our help because current tax laws make it expensive for you to continue with us.

So, at some point, we expect you to buy us out.

Buying 100%

Each home has an Early Buyout Period of either 5 or 10 years. 

If you buy us out within that timeframe, you'll need to reimburse us for the outstanding upfront buying costs, like Stamp Duty and legal fees.

If you buy us out after that timeframe, we waive the outstanding costs.

We only do it to make sure the financial arrangement also works for our funding partners. 

Without them, we can’t help anyone.

Early Buyout Periods

Selling your home

Selling is your choice. It's your home.

But if things change and you would like to sell, we'll make it as easy as possible.

We share most of the selling costs, like the estate agent fees. We only ask you to pay 100% of the property valuation because you're initiating the sale.

When the property sells, we split the proceeds according to ownership percentages. So if by then you own 25%, you'll get 25% of the proceeds.

All property purchases come with additional upfront costs like Stamp Duty and legal fees.

We can't get rid of them but we can make it more manageable by paying for the majority of the costs to help get you started.

So, if you start with 5% deposit, you only pay 5% of the costs upfront.

Over time you'll reimburse us, but only when you're ready to increase your ownership.

Over t

Manageable upfront costs

Ready to become a homeowner?

*'we' 'us' and 'our' refer to Wayhome and/or their funding partners.

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Your rent only changes in line with inflation, once a year, rather than a landlord increasing it on a whim.

If you ever feel your rent is not in line with comparable homes you can ask us to review it. 

You can do this once every 5 years.

No landlord to hike up your rent

You own the share you paid for and rent the share we paid for.

Whether you increase your ownership is completely up to you.

As long as you pay rent each month you have the safety and security of a home you can make your own.

Part buy, part rent

Reimbursing the upfront costs

As you buy us out, you'll reimburse us proportionally for the upfront costs like Stamp Duty and legal fees. 

So, if you buy a further 5% of your home, you'll reimburse 5% of these costs.

Buying us out

By gradually building ownership in your home, you're gradually reducing how much you need to borrow to buy us out.

If your finances allow it, you can buy us out at any point, perhaps with a mortgage, and/or family help.

Ready to become a homeowner?

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*'we' 'us' and 'our' refer to Wayhome and/or their funding partners.

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Unmortgage Ltd (registered in England and Wales, Company No. 10395239) and its subsidiaries comprise the Unmortgage Group. Our registered office is at 9 Appold St, London, EC2A 2AP.

Wayhome is a trading name of the Unmortgage Group.

Unmortgage Arrangers Ltd, a subsidiary of Unmortgage Ltd (registered in England and Wales, Company No. 11842567), is authorised and regulated by the Financial Conduct Authority (Firm Reference Number 838366) for arranging and administering insurance policies only and is also registered as an EMD Agent of Modulr FS Limited (Firm Reference Number 902968). Modulr FS Limited is Authorised and Regulated by the Financial Conduct Authority as an Electronic Money Institution (Firm Reference Number: 900573). Your money is held in a segregated and safeguarded account under e-money regulation.

No other aspect of the Unmortgage Group’s business falls within the scope of financial services regulation. This means you do not have any of the protections under the FCA rules and do not have any cover from the Financial Ombudsman Scheme or the Financial Services Compensation Scheme in relation to your interest in an LLP. Customers should ensure they understand what this means before they use the Wayhome product.

For full details relating to our regulatory position please see our Regulatory Information Page.

Wayhome Property Management Ltd, a subsidiary of Unmortgage Ltd, is a member of The Property Redress Scheme (membership number PRS025713), which covers activities in relation to the purchase of the home, the setting up and management of tenancy and the management of maintenance of the home.

Wayhome Nominees Ltd (registered in England and Wales, Company No. 13085562) is a subsidiary of Unmortgage Ltd.

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