It has evolved to a means for Divorcees to re-enter the market. MoveUp2 is a unique product which addresses housing affordability by solving the deposit gap for home purchases. Our approach is to help people to get into the residential market now and share some of the capital growth rather than wait to save a deposit and hope they can outpace the growth in the property market. MoveUp2 is available
for First Home Buyers and also for Divorcees looking getting back into home ownership. Our approach is called shared equity , an approach which has been used extensively in the United Kingdom and by various Australian state governments to address housing affordability. In essence through MoveUp2 a sponsor holds a shared equity interest in the property to increase the deposit to 20% and reduce the bank loan to 80% loan to value. MoveUp2 enables the sponsors investments to be separated from a particular property by recognising sponsors investment in a residential property trust registered with ASIC. The residential trust holds a national portfolio of shared equity investments and tenanted residential properties. Our "Invest and Nominate" means that the sponsor invests their money in the residential trust and as a result gets the opportunity to nominate a property to be added to the trusts as part of the shared equity portfolio. Any shared equity investment must meet minimum criteria for the property and the credit of the owner. The source of the sponsorship moneys is at the discretion of the sponsor. To date sponsors have invested personal savings, borrowings against other properties and superannuation. The so called bank of Mum and Dad (and the wider family) can invest and nominate their children to afford a home without having to provide guarantees or security. Divorcees commonly sponsor themselves by investing part of their superannuation in the trust and nominating themselves. Give us a call on +61 2 84040455 for more details. Bookings to discuss whether MoveUp2 can assist your personal situation can be co-ordinated through email at [email protected]
