Home-Starter is designed to give IDs the opportunity to get onto the housing ladder, by providing them with a £25,000 deposit to use towards purchasing their first home.
To receive the £25,000 deposit (which is a loan) you will need to successfully gather one member a week (on average) over five years. There are no monthly targets, but you must gather a minimum of 40 gross new members each year for at least four years and achieve the overall targets for this incentive.
After receiving your Home-Starter Loan, then provided that you continue gathering (on average) four customers per month for another five years, we will write-off the loan so it never needs to be repaid; this is explained in detail below. Important note: Your Home-Starter deposit is a Loan repayable out of future income generated by your Utility Warehouse position. If you do not meet the minimum activity requirements after receiving your £25,000 Loan, then interest and repayments will be deducted from your monthly commission as set out below.