Radge Posted March 5, 2013 Share Posted March 5, 2013 I'd be grateful for your thoughts on this concept (?scam?) of Micro Equity Home Ownership. It looks to me like a shared equity scheme by another name but with an additional "charidee" element creaming off between the HA and the tenant. Worse still, it appears to be fronted by a failed BTL "magnate". The website oozes charidee-speak, "give us money" BS obviously aimed at public sector agencies with more money than sense and some quasi-religeous bolleaux thrown in for good measure. They give a downloadable spreadsheet ( Micro Equity Spreadsheet ) with lots of numbers but little explanation of the derivation. However, changing the assumptions from Savings Interest of 3% to 0.5%, property appreciation from +2% to -4.6% (ESPC Year to Jan 13) and Target Inflation from 2% to 3.3% (HM Treasury RPI Yr to 26/2/13) sends the numbers haywire. Saviours of the UK property market for low-income and homeless people or Scam of the First Water? You decide ... http://caledonianfou.../meho-in-action Quote Link to comment Share on other sites More sharing options...
Gone baby gone Posted March 6, 2013 Share Posted March 6, 2013 Micro equity? I thought that's what people who bought in 2007 had? Quote Link to comment Share on other sites More sharing options...
19 year mortgage 8itch Posted March 6, 2013 Share Posted March 6, 2013 Micro equity? I thought that's what people who bought in 2007 had? I thought it was the acting union for short people. Quote Link to comment Share on other sites More sharing options...
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