seen a shared ownership property on rightmove.....

CHR15

robin_banks wrote: »

Evidence from the housing corporation suggests only 3% of people 'stairgate' shared ownership. The whole scheme is a shambles.

I'm surprised it is as high as that!!

People get completely blinkered when they talk of buying more in £10k lumps. Seriously, how many people manage to save £10k and have nothing better to do with it than throw it in the house (no cars, kitchens, bathrooms etc?)

I would suggest the only people who can save those sums do not need to go near Shared Ownership schemes.

gavinp

Ask LOTS of questions as some less reputable schemes are present in the market but not all shared ownership is bad news.

When can you purchase the remaining 25% ? If there is no restriction and house prices fall further, you could end up paying less for the remaining amount.

Thanks

Gavin