Allbricks versus a Mortgage

Based on a home that costs £500k today.

Mortgage

Allbricks

Start saving

Day 1

Start saving

To secure the best deal for a mortgage, the average deposit is now at 15% and typically takes 10 years to save for.

Year 1

With us you only need 1% or £10,000—whichever is higher—to buy a home. On average cutting the time it takes to save by more than 80%!

So let’s say, at the end of Year 1 you buy a £500k house. This will cost you £11,150 including fees, which equals 2% of the house. You then pay 98% market rent to investors.

You’re still saving and paying full market rent.

Year 5

Let’s say you choose to buy bricks each year—at the end of Year 5 you will have invested a total of £45,690 and increased the amount you own of your home to 8%.

Every time you buy more bricks the total rent you pay decreases. At the end of Year 5 you are paying 92% of market rent, and at the end of Year 10 you are paying 85% of market rent.

You now have your 15% deposit but the £500k house you wanted 10 years ago now costs £775k.

Year 10

You’ve been in your home for 10 years and after spending in total £99,841 on bricks, you own 15%. You’ve paid zero interest.

At the end of year 10 you finally buy your home, costing you £108,000, including SDLT fees. See our Fee Comparison page for more information.

You own 15% of it with the bank financing the rest and your interest is 4.04% per annum.

Year 11

You’ve been in your home for 2 years after spending in total £140,000. You own 19%. You’ve paid £53,000 in interest and owe the bank £627,000.

Year 12

You’ve been in your home for 12 years and after spending in total £136,512* on bricks, you own 19%.

You can buy as many bricks as you want, subject to availability. Investors who bought bricks at crowdfunding must offer you 5% of what they own per annum once three years are up. Other investors will offer you 5% of their bricks per annum once they've owned them for 12 months. You can buy the house outright at any point.

Your home is at risk of being repossessed if you don’t pay your rent.

Day 1

Mortgage

Start saving

Allbricks

Start saving

Year 1

Mortgage

To secure the best deal for a mortgage, the average deposit is now at 15% and typically takes 10 years to save for.

Allbricks

With us you only need 1% or £10,000—whichever is higher—to buy a home. On average cutting the time it takes to save by more than 80%!

So let’s say, at the end of Year 1 you buy a £500k house. This will cost you £11,150 including fees, which equals 2% of the house. You then pay 98% market rent to investors.

Year 5

Mortgage

You’re still saving and paying full market rent.

Allbricks

Let’s say you choose to buy bricks each year—at the end of Year 5 you will have invested a total of £45,690 and increased the amount you own of your home to 8%.

Every time you buy more bricks the total rent you pay decreases. At the end of Year 5 you are paying 92% of market rent, and at the end of Year 10 you are paying 85% of market rent.

Year 10

Mortgage

You now have your 15% deposit but the £500k house you wanted 10 years ago now costs £775k.

Allbricks

You’ve been in your home for 10 years and after spending in total £99,841 on bricks, you own 15%. You’ve paid zero interest.

Year 11

Mortgage

At the end of year 10 you finally buy your home, costing you £108,000, including SDLT fees. See our Fee Comparison page for more information.

You own 15% of it with the bank financing the rest and your interest is 4.04% per annum.

Year 12

Mortgage

You’ve been in your home for 12 years after spending in total £140,000. You own 19%. You’ve paid £53,000 in interest and owe the bank £627,000.

Allbricks

You’ve been in your home for 12 years and after spending in total £136,512* on bricks, you own 19%.

You can buy as many or as few bricks as you want, subject to availability. Investors are only obliged to sell a maximum of 5% of their bricks per annum, after three years from the original purchase of the property. You can at any point, buy the house outright.

 

Your home is at risk of being repossessed if you don’t pay your rent.

Interested?