“Being self-employed made getting a mortgage impossible - so we bought with Your Home”
“Being self-employed made getting a mortgage impossible - so we bought with Your Home”
May 2024
Eleanor Hudson and her partner Josh had been living in a flat in Essex for two years, when, after being gifted funds by Eleanor’s mum, the couple started considering their options when it came to their dream of owning a home.
Eleanor comments, “Josh and I have dreamt of owning our own home for the past two years now. We knew we didn’t want to move too far from our flat in Essex, so just needed to find the perfect house for the right price.”
Following failed attempts at purchasing a property, with mortgage brokers rejecting their applications based on their self-employed status, the couple came across Your Home, and their alternative route to homeownership.
Eleanor comments, “It felt like we were going around in circles. We almost gave up on our property search, but then Josh and I came across Your Home – we were able to speak to the team and explain our situation, and from then our route to homeownership became wide open. The Your Home team made it clear that we wouldn’t need to get a mortgage, which instantly made it a viable option for us.”
A revolutionary product for the home ownership market, Your Home turn existing, freehold properties already for sale into part buy – part rent. Providing both flexibility and choice to buyers, customers who purchase their home in partnership with Your Home will put down a minimum of 25% deposit of the home’s full value, then pay rent to Your Home on the remaining share.
Eleanor adds, “We didn’t know about Shared Ownership until coming across Your Home during an online search, and it has been great to learn more about the different options out there for buyers. The Your Home team were very transparent, letting us know exactly how the whole process would work and what we’d be paying for. It actually worked out that renting our previous flat would cost the same each month as buying a 50% share with Your Home, so it was really a no brainer.”
The couple purchased a three-bedroom house in Ipswich and haven’t looked back since.
“We love our new home – it’s exactly what we were looking for. It’s a Victorian style house with plenty of character, we’re just touching up the property to our personal taste, but it was ready to move into straight away. Our favourite part of the home is our dedicated nap room with views overlooking the surrounding allotments – it’s the perfect space to kick back and relax in.
“We’ve also got our first garden, which our dog has been absolutely loving – we can’t wait to enjoy this space more with friends and family more during the warmer months.”
Speaking about their experience with Your Home, Josh adds, “The team have been amazing – they were very helpful and understanding and we’re so happy with our new home. Even with a large deposit, it was looking impossible to buy due us both being self-employed, so it’s fantastic we now have a house of our own.
“The whole process has been seamless from start to finish, and we couldn’t recommend Your Home enough to anyone looking to start their property journey.”
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