What is the value of your property?
HOP Contribution: £270,000
Year 1 HOP Payment: £13,500 or £1,125 monthly
Year 2 HOP Payment: £13,905 or £1,159 monthly
You only need to have saved 10% of the property’s purchase cost in order to buy it with HOP
In most cases, your HOP Payment will be less than it would cost to rent the very same property
You get your share of any increase in the value of the property over the time that you live there. Plus you get 25% of the growth in HOP’s share from day 1. And this 25% increases by 2% every year. So, after 10 years you would get 45% of HOP’s growth. Which means, even if your share was still 10%, you would get 55% of the property’s total increase in value when you sold.
This could save you between £500 and £750.
You can be confident that they will be accurate, because HOP needs these to be as reliable as you do.
Unlike renting, you are free to decorate and improve as you wish.
You can buy a larger share of the property any time you want, all the way up to 100%.
The larger your share, the lower your HOP Payments
Payment terms are set out in the purchase agreement, and your HOP Payments increase at a rate linked to the RPI. So, unlike rent, your payments are predictable, giving you security and helping you budget
Want to move on? You can decide when.
Should the value of the property decrease over the time that you live there, HOP shares in the value loss too, in proportion to the share it holds of the property.