Quick definition of JOMs and SOSs as I did not have enough room to write them in full in the subject heading. JOM - Joint Ownership Mortgage SOS - Shared Ownership Scheme ************************* With the downturn in the current economic climate and financing still being difficult to achieve it seems Property Investors are stuck when it comes to investing, even though there are apparently good property deals on offer (the largely advertised "20%" discount – I have a personal view on this, but that is for another post), but in the current economic climate how do you raise the finance? Banks / Building Societies and Mortgage Lenders have all tightened up their purses, likewise other Property Investors have had their fingers burnt terribly by buying at the peak so have run for cover. So what other methods of raising finance are available and what solution can be offered to the Property Investor who has bought at the peak, is in negative equity, and the rent is not covering the mortgage payment? Likewise First Time Buyers do not have the required 25% deposit saved up and what little they have saved, lets say 10% will not earn them a better return in the Savings Account, now that interest rates are so low. So what solutions can be implemented to help? I suggested the idea of Joint Ownership Mortgages (JOMs) / Shared Ownership Schemes (SOSs) to several Investors and have got mixed reviews. I am therefore looking to get a further consensus and opinion from the mass Property Investors and have decided to pose this question on various property investing forums to see what feedback I get. As we all know, the basis of JOMs / SOSs is largely targeted towards a select market i.e. Key Workers / FTBs, largely people who would struggle to raise the required deposit and buy a suitable property because of affordability multiples. Notably, this target market will be largely assisted (hopefully) by the Government through various policies and incentives, because this market is the majority and it helps keep the market fluid. I doubt the Government will start to “bailout” BTL Investors who were doing deals on a “No Money Down” basis. So my logic is this, by bringing FTBs and BTL Investors together via a web portal matching service both parties benefit. The FTB gets their first foot on the property ladder by having a share in a property and an Investor reduces their capital investment, whilst also have a guaranteed “tenant” in the property and therefore a guaranteed “yield of sorts” (I can explain this in more detail if you wish), both parties benefit from capital appreciation in the medium to long term. The Joint Ownership Mortgage means both parties are ‘Jointly and Severally Liable’ for whatever loan is given. We are currently exploring various other legal challenges and performing “What If” analysis, but what we want to know is, would Investors be interested in such a scheme if it were to go live?