Wayhome vs mortgages

With Wayhome there's no mortgage. Nobody lends you any money.

Instead, we've found a new way to help you pay for the part you can’t afford upfront. We have funding partners who will cover that cost, and buy the home with you.

It’s all paid for in one go and you both own part of the home. You own the part you paid for and you rent the rest from the funding partners.

Because you’re not borrowing money, we can look at the type of home you can afford to buy in a different way.

What buying without a mortgage means for you

With a mortgage, you're taking on debt so you're assessed on how risky it is to lend you a lot of money. But with Wayhome, it's the rent that you pay to the funding partners that helps determine the type of home you can afford.

Usually that means you’re able to buy the homes you actually want to live in, unsurprisingly, a lot like the ones you already rent!

So, you might be able to buy a home near friends, mum, dad, the office, and good schools. A home with that crucial extra bedroom, a driveway, or a garden for the kids. The one where you can welcome a furry friend, or paint the walls your favourite colour, or plant an apple tree knowing you’ll be around to enjoy the apples.

Can you buy the home you want with a mortgage?

It’s important to remember that we’re not suggesting we’re better than getting a mortgage. If you can get a mortgage for a home you love, you should definitely consider it among your options.

But if you can't, and mortgage quotes make you sacrifice too much, then we're a new option for you to consider.