IMPORTANT! This is MoneySavingExpert's open forum - anyone can post

Please exercise caution & report any spam, illegal, offensive, racist, libellous post to forumteam@moneysavingexpert.com

  • Be nice to all MoneySavers
  • All the best tips go in the MoneySavingExpert weekly email

    Plus all the new guides, deals & loopholes

  • No spam/referral links
or Login with Facebook
Half Buy Half Rent
Closed Thread
Views: 20,088
Thread Tools Search this Thread Display Modes
# 1
ripp0n
Old 19-03-2007, 1:54 PM
MoneySaving Newbie
 
Join Date: Mar 2007
Posts: 10
Question Half Buy Half Rent

Hi

Me and my girlfriend are currently renting a house together and feel as though the money we pay for rent etc isnt going anywhere as we are not gaining anything. We are both young (19) so understand that we won't get a mortgage but my mam mentioned something the other day that they are doing at a houseing estate near her called "Half Buy Half Rent" but she couldnt explain it very well.

Does anybody know what this is or is it something particular to this estate? Also could this be a way for me and my missus to get onto the property ladder?

All help much appreciated.

Thanks
ripp0n is offline
Report Post
# 2
deb_buffy
Old 19-03-2007, 2:19 PM
MoneySaving Convert
 
Join Date: Oct 2006
Location: Winsford,cheshire
Posts: 128
Send a message via AIM to deb_buffy Send a message via MSN to deb_buffy
Default

We are just buying our first house and looked into whats called shared ownership. From what we have understood is...you buy a % of the house with a small mortgage and then rent the other % of the local housing authority. after 1 year you can then buy more of a % but this is at the current market value NOT the value you bought the house at.
Hope this is helpful
deb_buffy is offline
Report Post
The Following User Says Thank You to deb_buffy For This Useful Post: Show me >>
# 3
astonsmummy
Old 19-03-2007, 2:22 PM
Deliciously Dedicated Doubly Diehard MoneySaving Devotee
 
Join Date: Feb 2006
Location: Near Gatwick
Posts: 13,285
Send a message via MSN to astonsmummy
Default

Have a look here, gives you loads of info
http://www.housingcorp.gov.uk/server/show/nav.549
Baby boy Number 2, arrived 12th April 2009!
astonsmummy is offline
Report Post
The Following User Says Thank You to astonsmummy For This Useful Post: Show me >>
# 4
ripp0n
Old 19-03-2007, 2:27 PM
MoneySaving Newbie
 
Join Date: Mar 2007
Posts: 10
Default

Thanks 2 u both
ripp0n is offline
Report Post
# 5
Bargain Rzl
Old 19-03-2007, 2:41 PM
Fantastically Fervent MoneySaving Super Fan
 
Join Date: Mar 2005
Location: Camberwell, SE London
Posts: 6,173
Default

Where do you live? If you are in or near London, take a look at www.housingoptions.org.uk as this is a site which coordinates all (?) the London housing associations which offer Shared Ownership. It is a very useful site and was instrumental in me buying my (40% of a) flat.

Even if you're not in London, the site has loads of useful info. As you will soon discover, there is more choice of Shared Ownership property if you are a keyworker or an existing Council/HA tenant, but there's still a fairly wide choice if you're not (I'm not).
Operation Get in Shape
MURPHY'S NO MORE PIES CLUB MEMBER #124
Bargain Rzl is offline
Report Post
Closed Thread

Bookmarks
 
 




Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

 Forum Jump  

Contact Us - MoneySavingExpert.com - Archive - Privacy Statement - Top

Powered by vBulletin® Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.

All times are GMT. The time now is 7:15 AM.

 Forum Jump  

Free MoneySaving Email

Top deals: Week of 17 December 2014

Get all this & more in MoneySavingExpert's weekly email full of guides, vouchers and Deals

GET THIS FREE WEEKLY EMAIL Full of deals, guides & it's spam free

Latest News & Blogs

Martin's Twitter Feed

profile
  • Mark's is trying for a slice of an existing pie based on his sales skill. That has single point of failure & isnt scalable #bbcapprentice
  • If I had to put £250k into one of these business plans, there'd only be one winner (based on broadcast info)... Bianca #bbcapprentice
  • I feel for Bianca, but I think she maybe forgot she's on a gameshow that lives off what producers call "jeopardy" #bbcapprentice

Cheap Travel Money

Find the best online rate for holiday cash with MSE's TravelMoneyMax.

Find the best online rate for your holiday cash with MoneySavingExpert's TravelMoneyMax.

MSE's Twitter Feed

profile