How can I get to 100% ownership by the end?

Purchasing StrideUp's share of the property

Bhavita Patel avatar
Written by Bhavita Patel
Updated over a week ago

Let's say you choose a Home Purchase Plan term of 30 years - at the end of this period what percentage of the property will you own?

A Home Purchase Plan without an Equity Share:

  • If you make all the monthly payments (and nothing more). You will own 100% of the property as you will have purchased the Buyout Share from us.

A Home Purchase Plan with an Equity Share:

  • If you make all the monthly payments (and nothing more). In this scenario you will own 80% of the property as you will have purchased the Buyout Share from us. The Equity Share (20%) will remain in StrideUp's ownership and you'll have to buy it from us at the end, or sell the property.

  • If you make additional payments. Any additional payments you make during the term will mean that your ownership will be higher than 80% at the end. The price you buy the Equity Share for is locked in at the day-1 price, so you'll never pay more than if you had bought 100% initially. (On the other hand if you do have to sell the property at a loss, we'll share in that loss on our Equity Share.)

Once you get to 100% ownership of the property by purchasing all of our share, we'll register the ownership of the property to your name and the Home Purchase Plan will come to an end as you own your home outright!

Your home may be repossessed if you do not keep up the payments on your home purchase plan.

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