"An accident left us with limited mortgage options - until we discovered Your Home"
December 2023
Anna Fogden and her husband had started to think about purchasing their first home, when her husband suffered a serious injury at work leaving him unable to return. The couple struggled to secure a mortgage due to their altered monthly income, which left the family with limited options when it came to buying a home.
The couple, who have three adult children living at home, began looking at properties through the Government Shared Ownership scheme – but even buying a smaller share of a home was a struggle due the eligibility checks in place, and finding a place with enough space was proving difficult within their budget.
Anna explains, “We had been looking at buying through Shared Ownership at a new-build development nearby, but the homes just weren’t right for us. It seemed like we would never find something at the right size and right price, it felt like we were asking too much.”
But help was at hand – the family were introduced to Your Home by their estate agent. A revolutionary product for the home ownership market, Your Home turn existing properties already for sale into part buy – part rent, giving buyers added flexibility and more choice when it comes to buying a home.
Unlike the Government’s shared ownership scheme, Your Home must be a freehold property and cannot be less than one-year old, so it isn’t available on new builds. Buyers will put down a minimum of 25% deposit of the home’s full value, and pay rent to Your Home on the remaining share – which could be more affordable than buying with a traditional mortgage.
Armed with this knowledge, the couple quickly found a property which ticked all their boxes and more - able to purchase a 54% share of a four-bedroom house in Chichester, West Sussex.
Anna explains, “We’ve bought a four-bedroom home with a utility room, two reception rooms plus a dining room in the kitchen, a conservatory, and a driveway – it’s got so much more than what we would’ve been able to get otherwise!”
Not only were the Fogdens able to find a house which suited their lifestyle and provided enough space to comfortably live, the property is located just moments from Anna’s sister’s house, where they work together as childminders.
Anna recalls, “We counted it the other day and my sister lives 440 steps from my house - it’s perfect!
“I pinch myself - I do feel very grateful, and I do feel we got a good deal for the size that we got property wise. This house has everything I wanted plus the extras I would’ve liked.”
With the help of the Your Home team, the couple’s journey onto the property ladder was quick and smooth, eliminating the stress that is often associated with house hunting.
“Every time we had a question, they [Your Home] were really quick in replying. The whole process has been absolutely brilliant, and the communication has been brilliant as well.
“We would never have been able to afford this home without the help of Your Home.”
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