Shared equity poster couple in nightmare situation

I’m not a fan of shared equity at all – and here’s a great example of why not
This couple were used in advertising when they bought their home – they now are struck there unable to afford to move. Shared Equity is bad!

Samantha Hyde and Craig Smith bought a one-bedroom flat in Cardiff Bay’s Prospect Place in 2004, they were used in advertising features for property developers Bellway, selling its shared equity Open Door Scheme as a perfect opportunity to get on the property ladder.

A spokesman for Bellway said the couple had agreed when they bought the flat that they would pay back the outstanding 25% when they sold.

So make sure you fully understand the consequences of the legal documents you sign.

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