Pay a minimum
5% deposit
Arrange a
15% Rezide equity loan
Arrange an
80% mortgage
Having previously advised on the acquisition, and subsequent management, of the largest portfolio of non-government-owned residential equity loans in the UK, QSix has identified the opportunity for a privately funded product to fill the gap in the market left when the UK Government’s Help to Buy equity loan scheme ended. With FCA-regulated firm Ahauz acting as lender, Rezide is a second-charge loan aimed at supporting individuals and families who have struggled to step onto the new-build property ladder due to deposit constraints.
Rezide overview
The Rezide Equity Loan offers features similar in structure to the publicly funded Help to Buy scheme which has now ended, but is entirely privately funded and not associated with the UK Government.
- Eligible homebuyers will need a minimum 5% deposit.
- The Rezide Equity Loan will be 15% of the home’s market value. The Loan will be a minimum of £15,000 and a maximum of £100,000.
- The remaining up to 80% of the home’s market value will be borrowed from a separate participating mortgage lender (currently Barclays and TSB), with a repayment term no longer than 40 years.
- The interest rate on the Rezide Equity Loan is fixed for the full term of the loan.
- The amount to be repaid will be 15% of the value of the home at the time of repayment, as determined by an independent valuation, plus any applicable fees.
Participating homebuilders
The Rezide Equity Loan is available on qualifying new-build homes in England and Wales from the participating homebuilders detailed below
Homebuilders cannot provide financial advice or accept applications for the loan; all applications must be made through an FCA-authorised mortgage intermediary, who will assess affordability and provide advice where appropriate.
Further information
You can find out more on the Rezide Equity Loan by clicking on the link to the Rezide website
Key risks
- Rezide is a regulated second-charge loan secured against your home. Your home may be repossessed if you do not keep up repayments on your mortgage or the Rezide Equity Loan.
- The value of your home may rise or fall, which will affect the amount you repay on your Rezide Equity Loan.
- The amount you owe could increase if your home’s value rises — because repayment is based on a percentage of your home’s future market value.
- The value of your home could fall, which may affect the amount you owe and your ability to refinance or sell.
- You will still need to make repayments on your main mortgage during the life of the Rezide loan.
- Full details on the Rezide Equity Loan, including costs and risks, are available from your intermediary before application.
Regulatory Information
This website is operated, and this financial promotion is communicated and approved, by QSix LLP (company no. OC328954, which is authorised and regulated by the Financial Conduct Authority (FRN 471342). QSix LLP is a co-manufacturer of the Rezide Equity Loan.
Rezide is a registered trademark owned by QSix LLP and used as the brand name for the second-charge loan product co-manufactured by QSix LLP and Ahauz Finance Limited.
Ahauz Finance Limited (company no. 11835452) is the lender of Rezide Equity Loans and is authorised and regulated by the Financial Conduct Authority (FRN 846554).