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How we helped the Payne family move into their dream house
“We had a nasty shock realising how little most lenders would lend us and how unfair the mortgage system is.”
Can we help you too?
Start your search with us by signing up and seeing what you could afford with Gradual Homeownership.
Meet the Payne family
They bought their home using Gradual Homeownership.
The Islamic Mortgage alternative
Buy a home with just a 5% deposit and no interest, no mortgage and no fees
“This is a great scheme that allows you to get on the property ladder with as little as a 5% deposit, and with no interest which for us as Muslims is such a blessing.”
- Mara, homeowner with Wayhome
Before Wayhome, they were renting and struggling to buy that 3-bed home they had been dreaming about for years—despite earning good incomes.
How Wayhome works
Only 5% min. deposit
You bring the 5%, we pay for the remaining 95%*
*£7,500 min. deposit and £24,000 min. household income
Only 5% min. deposit
You bring the 5%, we pay for the remaining 95%*
*£7,500 min. deposit and £24,000 min. household income
Flexible ownership
Only pay rent on the part of the home you haven't bought yet. Buy more each month or in lump sums. Buy us out when you can.
Flexible ownership
Only pay rent on the part of the home you don’t own yet. Buy more each month or in lump sums. Buy us out when you can.
Live debt-free and avoid paying interest
We buy with you, so there’s no mortgage, no loan and no interest. We’re also a certified Shariah compliant option.
Live debt-free and avoid paying interest
We buy with you, so there’s no mortgage, no loan and no interest. We’re also a certified Shariah compliant option.
Buy a home worth up to 10x your income
We look at what you can afford differently—you could end up in a home worth up to 10x your income.
Buy a home worth up to 10x your income
We look at what you can afford differently—you could end up in a home worth up to 10x your income.
Wayhome vs. Shared Ownership
Wayhome
Shared Ownership
Buy without a mortgage
No brand new builds
Avoid high service charges
Only pay for your share of the buying costs
No fees to buy more of your home
You don’t have to be a first-time buyer
Buy more of your home whenever you want to, from as little as £50
Most maintenance costs split by how much you own
No rules about who you can sell to
After viewing a few homes, they found one in an area they love, made an offer and moved in—just in time for Christmas.
“Our children woke up on Christmas morning in their own home—that’s something we could have never dreamed of before.”
Forced to save for a massive deposit?
With us, not anymore.
Are you self-employed?
You’re welcome here.
Need a Shariah-compliant option?
We’ve got it.
Wayhome—when the other home buying alternatives don’t work for you.
We can help you find a home, too.
Sign up and see what you can afford with Wayhome.
We're a new option if you're looking for a Shariah-compliant way to get on the property ladder,
Unmortgage Ltd (registered in England and Wales, Company No. 10395239) and its subsidiaries comprise the Unmortgage Group. Our registered office is at 9 Appold St, London, EC2A 2AP.
Wayhome is a trading name of the Unmortgage Group.
Unmortgage Arrangers Ltd, a subsidiary of Unmortgage Ltd (registered in England and Wales, Company No. 11842567), is authorised and regulated by the Financial Conduct Authority (Firm Reference Number 838366) for arranging and administering insurance policies only and is also registered as an EMD Agent of Modulr FS Limited (Firm Reference Number 902968). Modulr FS Limited is Authorised and Regulated by the Financial Conduct Authority as an Electronic Money Institution (Firm Reference Number: 900573). Your money is held in a segregated and safeguarded account under e-money regulation.
No other aspect of the Unmortgage Group’s business falls within the scope of financial services regulation. This means you do not have any of the protections under the FCA rules and do not have any cover from the Financial Ombudsman Scheme or the Financial Services Compensation Scheme in relation to your interest in an LLP. Customers should ensure they understand what this means before they use the Wayhome product.
For full details relating to our regulatory position please see our Regulatory Information Page.
Wayhome Property Management Ltd, a subsidiary of Unmortgage Ltd, is a member of The Property Redress Scheme (membership number PRS025713), which covers activities in relation to the purchase of the home, the setting up and management of tenancy and the management of maintenance of the home.
Wayhome Nominees Ltd (registered in England and Wales, Company No. 13085562) is a subsidiary of Unmortgage Ltd.
If you want to become a homeowner, while respecting your beliefs, it might feel like you only have a few options to choose from.
But what if you don't want an Islamic mortgage? Or you can't save a large deposit to make one work?
We believe everyone should have more choices when it comes to buying a home.
That's why we created Gradual Homeownership.
It's the new Shariah compliant, no interest and no debt alternative to an Islamic mortgage.
It’s easy to confuse us with Shared Ownership, but we’re actually very different.
No interest
We never charge you any interest.
No mortgage
You don't borrow any money, we're completely mortgage-free.
No debt
We buy the home with you, so you're not in any debt.
Costs split fairly
We split buying and ownership costs with you.
No more
restrictions
Easy to buy more of (what you pay above rent goes towards your
No more
new builds
Buy a home from the open market with established value.
No more
stress
We help you with the entire buying process, from start to finish.
No more
debt
We buy with you, so there’s no mortgage, no loan and no interest.
As seen on Islam Channel's The Halal Money Show
Gradual Homeownership is Shariah compliant
Gradual Homeownership is certified as Shariah compliant by Amanah Advisors and The Islamic Council of Europe.
Our Shariah compliance certification
How Gradual Homeownership works
1
You buy the bit you can afford.
We pay for the rest.
2
The house is paid for in full.
So you don’t need a mortgage.
3
You pay rent for the part of the home you haven't bought yet.
4
The home is yours to make your own.
Nobody can ask you to leave.
5
Buy more each month or in lump sums.
The more you buy, the less rent you pay.
As seen on
