You could be eligible for an Ahauz equity loan, if:
Ahauz could lend you between £15,000 and £100,000.
The property must:
*Postcode restrictions may apply.
The property cannot be:
Using an Ahauz equity loan could help you boost your overall budget, or help you overcome an affordability gap in a similar way to the Government’s Help to Buy Scheme. Except, it is not limited to just new builds or first-time buyers.
You pay monthly interest payments to Ahauz**, and at the end of the term or when you want to repay, we base our valuation on an independent third-party valuation.
If you want to repay part or all the loan during the fixed term – there might be Early Repayment Charges.
Lending is secured against your home. We place a second charge on your property (what is a second charge), but you own 100% of the property, this is not a shared ownership scheme.
To find out more, or to arrange to be contacted by one of our team, complete the enquiry form here: https://ahauz.com/get-started/
*Subject to terms, conditions, and eligibility criteria. These figures are for illustrative purposes only and your mortgage broker will assess the total lending amount available to you based on your circumstances.
**Monthly interest payments do not repay the principal, you will need to ensure that you have a plan in place to repay the loan at the end of the term.
Your first charge mortgage must:
Assumptions in this example:
If the value of the property increases by £10,000 during the term, the total loan amount to be repaid by you would be:
If the value of the property decreases by £10,000 during the term, the total loan amount to be repaid by you would be the following:
These representative examples do not include any interest repayable during the term of the loan.
It’s important that you seek independent advice on the suitability of this product to meet your needs as Ahauz does not provide advice. You may get in touch with us directly for more information and to be introduced to our network of broker partners. If you already have a mortgage broker, please ask them to contact Ahauz on your behalf.
We will need the following information on the property you intend to buy:
Whenever you want. All you will need to arrange is a property valuation according to our Mortgage Terms and Conditions so we can calculate the loan amount repayable. Please note that Early Repayment Charges (ERC’s) might apply depending on which product you have chosen and when you choose to repay.
You can pay us back at any point during the term of the loan. Here’s how it works:
Yes, you can pay back any portion of the original amount we lent you. The outstanding balance will be reduced by the proportion of the loan you pay off. For example, if you want to repay 20% of the total amount owed then:
No, you retain 100% ownership of the property. We simply place a Second Charge on the property – more information can be found here: Second charge or second mortgages (moneyhelper.org.uk)
It’s your property and therefore you are responsible for all the costs, including, but not limited to:
We understand that your situation may change, and things can go wrong. We are always here to help our borrowers and in such situations, we will work with you to find an appropriate solution.