Surprised by 'yes'
Matt and Michelle Smith found themselves in a difficult position. Theyhad bought a shared ownership flat, and owned half of it. Over severalyears it had lost value, and because it was shared ownership, they werenot allowed to rent it out. They wanted to move, but were stuck! Theyprayed about it and shared their dilemma with a good Christian friend.They checked the lease, and then the friend said ‘why don’t you buy theother half of the property?'
The vision that they had for the property was to use it to help afamily, or individual who was needy and needed accommodation fora year or so, to help them get their life back on track. But who wouldgive them a mortgage for this purpose? Matt’s pastor said that theyshould look at Kingdom Bank.
Matt and his wife went online and were attracted by the idea ofSocial Return mortgages, and the line that read ’Call us, you might be surprised at what we can do’. Matt said ‘So we called...and weresurprised. They were welcoming, flexible and wanted to find aprudent solution. They then said yes. We even finished up payingless than the shared ownership rent and existing mortgage.’
Finding a tenant
They then approached 5 local churches that had a heart for peoplein the community and asked them to find a tenant that needed ahome. The Bridge Church found Ryan, who had just come out ofprison. Matt said, ‘I have been in prison myself, and I know how hardit is to get a place to live and a job, when you come out. Ryan nowhas both! Ryan has been transformed. He became a Christian whilstin prison, and regularly attends church. As Matt said, ‘this is preciselythe sort of outcome we wanted’. They are now thinking ahead towho might be next.