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?
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.
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.