LIFT (formerly HOMESTAKE)

What is LIFT?

Low-cost Initiative for First Time buyers

LIFT allows the purchaser to buy a 60% -80% 'stake' or share of the property (in some cases we may offer an intial 51% share). The purchaser then mortgages their share of the property but assumes full ownership. No rent is payable to Fyne Homes.

For example if a property is valued at £100,000, the purchaser could mortgage the property for £60,000 - assuming an initial 60% 'stake' or share. During tenure the owner can increase their holding 'stake' or share to a maximum of 80%. If the owner then decides to sell the property at a later date, the sale value is split with Fyne Homes relative to the stake or share held by the home owner.

Please check back regularly for details on future LIFT properties