Start your Pfida home journey
Save towards your down payment with Pfida and discover how you can become eligible for our home finance.
Partners, in it together.
Pfida’s home buying product, OwnTogether, is set up as a partnership agreement, making us partners. Since we’re in it together, we champion flexibility and true risk sharing in our partnership.
Watch our homebuying webinar on demand
Prefer a visual walkthrough of our interest-free homebuying model? Click below to watch our latest webinar, where we break down the OwnTogether partnership and how the journey works from registration to keys.
Start your Pfida home finance journey
Help other families into their homes, build towards your own, and enjoy exclusive rental rates.
As you save your downpayment through GYS Home, you’ll also build Community Points through SaveTogether. You earn them for helping other families in our community buy their homes.
Your Community Points target is based on the amount of Home Finance you require. Once you reach your Community Points target and meet our eligibility requirements, you become eligible to apply for Pfida Home Finance. You can follow your progress on your dashboard at any time. See what your timeline to home finance might look like here.
As a GYS Home account holder, you’re helping others while you build towards your own home, and we want to reward that. So when you’re financed for a home, you’ll get access to exclusive rental rates.
What happens when it’s my turn?
We might carry out a few basic checks before presenting you with a DIP but once you have this, it’s time to go house hunting.
Ip-DIP-do, time to find a home.
We know finding your perfect home can take some time so you can take as long as you need – if you need longer than 2 months, we’ll serve the next customer until you’re ready.
This doesn’t mean you lose your turn though – we’re just waiting for you to get back to us! Once you’ve found that perfect home though, make an offer aligned to your DIP. As soon as it’s accepted, let us know and we can really get started.
Full property application.
This part’s quite lengthy, but it’s the home stretch! Once you’ve completed your full property application, we’ll draw up an illustration for you with expected pricing* including stamp duty, as well as starting all the due diligence.
This involves credit checks, identification verification, affordability checks, property surveys and valuations, and conveyancing.
Once this is complete, it’s time to transfer your downpayment. A completion date will be set and hopefully you get your keys to your new home in no time!
*Top tip: Use the Pfida home calculator on our web app to work out the cost of purchasing your home through our home buying product, OwnTogether.
We’re here to help
As your partner in the property, we’ll be here every step of the way to help you throughout your home ownership journey. You can reach out to us anytime by filling out a contact form online or scheduling a call with us, the Pfida team are here to talk through any questions you have.
Get ahead with Pfida.
Here are some reasons our home buying product, OwnTogether, stands out:
Debt-free
Since you are under no obligation to purchase our share of the property from us this means there is no debt. This also means no early or late repayment fees ever for not purchasing equity.
Not pegged to interest
The rent we charge does not relate to macroeconomic indicators such as interest rates. Instead, it is determined by a number of factors including the local rental market, with annual rent reviews capped to reduce uncertainty.
Affordability
Since we sell you the property at the original purchase price, and not at the current market value, and provide rental discounts (unlike other shared ownership schemes), we do our best to make sure it remains affordable for you.
True risk sharing
Ultimate flexibility
Fully shariah-compliant
Your equity, your choice
Our product reduces the risk of foreclosure by introducing an equity buffer. This allows you to pay us in equity if you cannot afford your rent. You can then purchase it back again once you are able to, in your own time.
FAQs
Take a moment to check out our home finance eligibility criteria to make sure you meet the requirements.
Click here to check your eligibility.
Your home finance timeline is based on reaching your Community Points target, which is set by how much finance you need and how long your downpayment for your home is saved in your GYS Home account. You can find out more here.
You can read about stamp duty and how it impacts your home purchase by clicking here.
Need more help? Visit our help centre for more information.
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