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.
* 'we' 'us' and 'our' refer to Wayhome and/or their funding partners
Move a step closer to homeownership
Gradual Homeownership vs Islamic Mortgages
| Gradual Homeownership | Islamic Mortgages | |
|---|---|---|
| No mortgage |  |
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| You only need a 5% deposit | |
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| Only pay for your share of the buying costs | |
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| Rent is based on local rental market | |
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| Buy more of your home whenever you want to, from as little as £50 | |
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| No fees charged | |
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| There’s no ‘rental rate’ | |
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| Only pay for your share of the selling costs | |
|
Take a step closer to homeownership with us
Featured in
We helped Haroon buy a home of his own
Haroon was planning for the future and a big part of those plans was getting on the property ladder.
Desperate to live close to his family, he was looking for a 3-bed home in Luton to start his own family from.
But he was struggling to find a Shariah compliant option that would help him stay local.
Before you found Wayhome, what was your living situation?
I was living with my parents in their flat. I’ve been so lucky to have such amazing parents who’ve really taken good care of me, but as I get older I needed to start planning for my own future.
I want to start a family of my own one day soon, so my dream was to find a home big enough that was close to where my parents live and in an area I know and love.
How did you find Wayhome?
I was looking at my options and I turned to a website I trust, Islamic Financial Guru. That’s when I first heard about Wayhome.
What was the hardest part of getting on the property ladder?
I knew about the different Shariah mortgage options out there but I didn’t have a deposit big enough to qualify.
They were asking for anywhere between 30-35%, which seemed impossible to me.
"...my dream was to find a home big enough that was close to where my parents live and in an area I know and love"
What made you feel Wayhome was the right option for you?
It was mortgage free and clearly Shariah compliant. No mess or fuss.
A mortgage that isn’t strictly Shariah compliant just doesn’t work for me. And even if that was an option, I was looking at years and years of waiting around and saving.
I decided I didn’t want to wait around and that Wayhome made the most sense for moving on with my life plans. They also made the whole finding and buying a home really straightforward.
Another big thing for me was that I could start with a 5% deposit. I signed up in October 2021 and by mid-December I had an offer accepted on a three bedroom semi-detached home in Luton!
Choosing to buy with their help was a no brainer for me.
If Wayhome never existed, what would your homeownership plans have been?
I don’t really know. I probably would have had to stay at home with my parents and tried to save for a 30% deposit. But who knows how long that would have taken.
What was your experience of using Wayhome to buy your home?
When I came across Wayhome I spoke with Nadia from their Customer team and she walked me through the whole process.
It’s scary buying a home for the first time, you don’t know what to expect. But my questions were always answered and this gave me peace of mind that it was the right option for me.
"A mortgage that isn’t strictly Shariah compliant just doesn’t work for me. And even if that was an option, I was looking at years and years of waiting around and saving"
How important was it to you that Wayhome is certified as Shariah compliant?
It’s important to me as there aren't any other options out there which are 100% Shariah compliant.
I earn good money, so I could get a house with a mortgage if I wasn't worried about the interest or debt, but that just doesn’t work for me.
Buying with Wayhome meant I could still get on the property ladder now and rest easy knowing it was 100% Shariah compliant.
What does owning a home mean for you now and in the future?
Owning my own home is completely different to renting.
I don’t have to worry about moving at short notice, extending my tenancy, or even buying new things every time I move to make a new place more comfortable. This is actually my home, which sounds simple but it’s incredibly important to me.
I honestly would have been lost without Wayhome’s help.
Everything you need to know about our waitlist
Take a step closer to homeownership with us
Before we helped The Payne family buy their dream home, they were struggling to save enough deposit...
“For anyone who has good credit, reasonable household income but not a big enough deposit, this is the perfect route to getting on the ladder..
It was important for us to own our home and have that sense of security, and we treat our staircasing payments just as we would a mortgage.”
Before they found us, they were renting and were struggling to buy that 3-bed home they really wanted.
They did all the sensible things like reading up on the different options out there and seeing what they could afford.
However, they didn't have much luck.
Despite earning good incomes, they couldn't get a big enough mortgage to make their ideal move a reality.
“We had a really nasty shock when we realised how little most high street lenders would be prepared to lend us given the size of our deposit.
It really opened my eyes to just how unfair the mortgage system is."
That's where we come into their story.
Having found Wayhome when looking at new ways to buy, they got their homeownership search started with us.
After viewing a few homes, they soon found just what they'd been looking for. A 3-bed house in the area they know and love.
After helping them make an offer, they moved in to their new family home in time for Christmas.
Meet the Payne family
They bought their home using Gradual Homeownership.
Meet the Payne family
They bought their home using Gradual Homeownership.
Sign up
We've helped lots of other happy homeowners
Fazilla
We got our home!
The journey to this point was seamless. We went for a few properties and eventually was accepted for the best one.
Wayhome is highly recommended if you want to break free from high rents and struggles of getting a traditional mortgage.
Nina
Our landlord decided to put our home on the market at the end of our tenancy contract. We had been saving for this eventuality for two years, and had a relatively decent deposit and combined annual income.
We are now in the final stages of buying a home. Not the house we thought we would be buying, but a better one in our home village where we want our children to grow up.
Martin
Wayhome are the most helpful and dedicated team. They've managed to make it possible for us to own a share of a home and get on the property ladder. Perfect.
Phil
The Wayhome team have been amazing! They have communicated with me every step of the way. They are constantly adding new homes to their website, which gives me a wide choice to find exactly what I was looking for in a home.
After finding a suitable home, they were speedy in processing the viewing and so that I could if it was the home I wanted.
As soon as I had viewed the house and was happy with it, I contacted the team, and they shifted into HIGH GEAR!! They negotiated an offer on the property, which the offer accepted straight away!
If you are looking for a way to get onto the housing ladder and going through the usual channels isn't working for you. Take a look at Wayhome!
Brad
Great new initiative to purchase a property that otherwise would have been out of reach. Staff are really friendly and really helpful. Special mention to Heather, who has been super suppotive and gone about and beyond to get us into the position we are today. Hopefully due to exchange and complete on our property imminently.
Raid
As a Muslim we can't take interest based loans leaving us with very limited option when it comes to house purchase.
The few Islamic banks has 30% deposit and the requirements are very high leaving most of the people out.
Everything comes with it's price tag and limitations but Wayhome us currently filling the gap in the market which has been left out of the property ladder.
Ria
I am so pleased that I came across Wayhome and their gradual home ownership scheme! I thought I would be renting forever & never have an opportunity of owning & buying my own home! I've found a house, completed all the gradual home ownership stages and now in the official buying stage which soon I hope to be moving into & owning a percentage of a home that I can buy more of & hopefully one day own fully! Thank you Wayhome!
Sabina
Being self employed and after 18 months of covid we had looked at all possible options for getting a mortgage, including some specialists for directors of firms. NONE were able to help find a mortgage that would enable us to buy a house in our area.
Then we came across Wayhome and they saved us!
We have now found a home which isnt a shoe box with a postage stamp size garden.
P.S. We started the process late September 2021 and were in our own home by Feb 2022.
Muhammed
Great company with very helpful staff in every step. They are reassuring and provide all the guidance you need as a first time buyer. Wayhome will address your concerns and make you feel confident in this. Let them take them take away the hard and complex parts of the home buying process for the greatest most stressful process of your life.
Nadia, Susan and Dominic have been incredibly helpful so far.
Keeping your application moving
To be eligible for Gradual Homeownership, you'll need to:
- have between £24,000 and £140,000 household income, before tax
- have between 5% and 30% deposit, worth at least £7,500
- be between 21 and 55 years old
- be a British citizen, or have settled status, or have indefinite leave to remain in the UK
- have no criminal record
- not own other properties by the time you buy with us
- It’s also worth double checking we’re buying in an area you want to live in.
Complete a soft credit check
We ask you to do this first so we have a better idea if we can help now. If you don’t pass, that’s OK—you can always try again down the line. And don’t worry, a soft check won’t affect your credit score or your credit record.
If you pass our soft credit check it's over to you!
Take a look at the homes we show you and see if anything takes your fancy.
When you’ve found a few homes you like, it’s time for a closer look and book a viewing
And, even if you've found a gem, keep viewing more because things don't always work out first time.
Viewings
Making offers and verifying
If you pass our soft credit check it's over to you!
Take a look at the homes we show you and see if anything takes your fancy.
When you’ve found a few homes you like, it’s time for a closer look and book a viewing
And, even if you've found a gem, keep viewing more because things don't always work out first time.
Our application process
Register and answer a few questions to help us understand your situation
Pass a soft credit check (it won’t affect your score)
Book a call with our Sales Team and let us know you'd like to join the waitlist
We'll let you know as soon as we're buying homes again!
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.
Before Wayhome, they were renting and struggling to buy that 3-bed home they had been dreaming about for years—despite earning good incomes.
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.”
FAQs about our waitlist
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.
Why do you have a waitlist?
We partner with big institutions, like pension funds, who want to invest in the UK residential property market.
They invest in a fund to pay for their share of the homes they buy alongside our customers.
There’s been so much demand to buy with our help that we’ve allocated all the money from our first fund to buy homes.
We’re now getting our second fund ready so that we can help even more people (like you!) buy homes. 🏡
Due to overwhelming demand, we've now closed our first fund and are taking applications to join the waitlist for our second fund.
How do I get on the waitlist to buy with Gradual Homeownership?
1) If you haven't completed (and passed) a soft credit check with us yet
Please complete a soft credit check with us. The soft credit check takes less than 2 minutes to complete and it doesn't affect your credit score.
If you pass, you'll be able to book a call with our team and you'll be able to register your interest in joining our waitlist.
2) If you've already passed a soft credit check with us
Book a call with our Sales team and ask about joining our waitlist.
We'll use the time to ask you some questions about your current situation. This is so that we can work out if we're able to help you and get you on our waitlist.
3) If you already have an offer accepted
If you've already had an offer accepted and we've confirmed it will/has been reviewed by our funding partners for approval, then the waitlist doesn't apply to you.
Your purchase has been accounted for as part of our first fund.
If you need any help, just drop us a message via Live Chat on our website.