We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Shared Equity and Mortgages
Morty1007
Posts: 4 Newbie
Hi All,
I was just wondering if anyone has any experience with the above I am currently at my wits end with the whole process. I am trying to purchase a LIFT prooperty (previously called Homestake) of which the social land lord wants to keep a 20% Golden Share. I have been trying to get a mortgage with the ABBEY until my Financial Adviser told me on Friday that he thinks no mortgage lender will go for a Golden Share being retained in the flat. Has anyone come accross this or give any advice??
I was just wondering if anyone has any experience with the above I am currently at my wits end with the whole process. I am trying to purchase a LIFT prooperty (previously called Homestake) of which the social land lord wants to keep a 20% Golden Share. I have been trying to get a mortgage with the ABBEY until my Financial Adviser told me on Friday that he thinks no mortgage lender will go for a Golden Share being retained in the flat. Has anyone come accross this or give any advice??
0
Comments
-
Is LIFT Scotland (from memory)? Might make a difference as most people here will presume this is English/Welsh law and so give advice on the English property buying system..Mortgage Free thanks to ill-health retirement0
-
Yeah LIFT is a Scottish scheme, sorry should have mentioned that....... but any help is appreciated!!!0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.7K Banking & Borrowing
- 253.4K Reduce Debt & Boost Income
- 454K Spending & Discounts
- 244.7K Work, Benefits & Business
- 600.1K Mortgages, Homes & Bills
- 177.3K Life & Family
- 258.3K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards