frequently asked questions
Got questions?
You’ll find answers to all the most commonly asked questions here. But if you can't find what you're looking for, just get in touch. We'd love to hear from you.
You’ll need to contribute a minimum of 5% of the value of your home towards the deposit. We’ll then boost your deposit by between 5% and 20% of the property value.
No. Unlike a loan, the deposit boost doesn’t incur interest or need to be secured against your home. It also doesn’t affect your credit rating. It’s simply a cash lump sum, provided up front, that helps you afford the home you want in the area you want.
Your home will be 100% yours from day one, so we won’t own a share of your property.
This is dependent on how much of a deposit boost you need and can be from between 1 and 5 years. Contact us if you want to know more.
Because you need to rent at least one spare room, your chosen home needs to have a minimum of two bedrooms. It needs to be in a liveable condition – so no major fixer-uppers or renovation projects.
Yes, the property needs to be your primary residence.
Great! All you need to do is put us in touch and we’ll get to work on all the formalities so they can move in as soon as you’re ready.
And because you’ve found a housemate yourself, you’ll receive 10% of their rental income!
Sourcing the right housemate for you is something we take seriously. We’ll find out your preferences up front and carry out all the necessary checks to find you a housemate to meet up with, as part of the selection process. Normally, this would be more than one potential housemate.
To find out more about how we match you with a housemate, get in touch.
We completely get that circumstances can change. If you need to end your Moovable agreement early, you can do so by paying a termination fee. To find out more, get in touch.
Most room renters won’t have their own furniture. So, to keep things simple, we ask that you have all the essentials ready for when they move in. This includes:
Double bed and mattress (unless specified as single)
Bedside table and lamp
Wardrobe
The Moovable launch is supported by Newcastle Building Society.
To get started, contact us today and discover how much we could boost your deposit by.