Shared ownership

Catblue

gabyjane wrote: »

BUT if you were in a council house then you wouldn't be eligable for a SO property so it doesn't matter..not where we are anyway.

Why would Shared Ownership schemes exclude people who currently live in council houses? What would it matter where you currently live? I've never heard that before.

Just interested.

gabyjane

Wicken kitten we have 40% and pay that per month all in..it is a 2 bed semi detatched with garage, driveway, large garden, 2 bathrooms, 2 double bedrooms, big kitchen diner, 10 min walk to the beach lol can you tell i love it!!

shellnapier where we live it is true hence us having to wait years to get one, we had to earn a certain amount before we were eligible..at the end of the day if you have to have a council house and rent paid or low rent then why would you be eligable for a mortgage?

Catblue like i said if you are in affordable housing or council etc you are obviously there because you cannot afford private rents so therefore not eligable, that's the case where we are anyway..we had to earn above a certain amount before we could be considered as i said below.

gabyjane

Wickedkitten wrote: »

How big is the share of your house that you own and what percentage do they use for calculating your rent per annum if you don't mind me asking. Your mortgage portion is only about £70 less per month than the entire mortgage on our 3 bed semi.

Can i ask when you bought your house out of interest as a typical 2 bed 'hole' where we live would have cost us in the region of £800-1000 per month for the last few years as no deposit and still owuld be high now which i was not prepared to do..like some of our friends desperate to own and now wished they'd thought ahead!

Wickedkitten

gabyjane wrote: »

Can i ask when you bought your house out of interest as a typical 2 bed 'hole' where we live would have cost us in the region of £800-1000 per month for the last few years as no deposit and still owuld be high now which i was not prepared to do..like some of our friends desperate to own and now wished they'd thought ahead!

Justcompleted last month actually..3 bed semi with garage and conservatory

gabyjane

Ah!! well ours is new build not sure about yours?..one thing that does please us is it it a move straight in job and that's it! the amount of our friends who moan about doing this that and the other, bolier breaking down etc..i'm still very glad we bought this! Plus we have the option to increase it in size if we wish, not that we need 3 bedrooms but hey!

Skywalker

Another question about Shared ownership.
When you are looking at newbuild homebuy properties from what I have seen you get told what the price of the property is and the value of the percentage you can/will purchase.

As a potential buyer can I in anyway negoiate the price given? Or for that matter is it possible to check that the value is not higher then the current market would suggest?

Wickedkitten

gabyjane wrote: »

Ah!! well ours is new build not sure about yours?..one thing that does please us is it it a move straight in job and that's it! the amount of our friends who moan about doing this that and the other, bolier breaking down etc..i'm still very glad we bought this! Plus we have the option to increase it in size if we wish, not that we need 3 bedrooms but hey!

Definitely not, I wouldn't touch a new build. I know more than a few people who have been burned by shoddy workmanship and the only way they found out was when something went wrong.and it was time to fix it.

Does your housing association do that "You can only have one more room than you need" thing? There are only two of us and two cats but we went for a 3 bedroom so we can have the extra room to grow into without needing to worry about buying a bigger house.

gabyjane

Skywalker wrote: »

Another question about Shared ownership.
When you are looking at newbuild homebuy properties from what I have seen you get told what the price of the property is and the value of the percentage you can/will purchase.

As a potential buyer can I in anyway negoiate the price given? Or for that matter is it possible to check that the value is not higher then the current market would suggest?

The current markey value of ours when we bought was £153k identical houses round the corner sold for £170+ through estate agents so we were more than happy. Houses in general were much more than this anyway and rubbish imo! We wouldn't have had time to challenge the price as where we live they are extremely scarce in our town so took it without worrying.

gabyjane

Wickedkitten wrote: »

Definitely not, I wouldn't touch a new build. I know more than a few people who have been burned by shoddy workmanship and the only way they found out was when something went wrong.and it was time to fix it.

Does your housing association do that "You can only have one more room than you need" thing? There are only two of us and two cats but we went for a 3 bedroom so we can have the extra room to grow into without needing to worry about buying a bigger house.

Hi see there is still this hype about new builds and maybe we were lucky but we have had no probs with ours and our snagging list was minimal, we had friends buy off the estate agents about a year before us the same type of houses and they too still are very happy. My friend has a victorian house and i babysat on sat and tbh the racket i could hear from her dd's bedroom 3 floors up amazed me, the next door neighbours i could hear coughing etc and find it odd that they are always 'the houses to go for' i haven't heard my neighbours once and very rarely hear dd and she is only one floor above!
No you can buy what you want where you want so long as you can afford it..we don't need a 3 bed and although it would be nice we can always enlarge this if the need takes us! we don't need it though...just higher bills etc to pay for the sake of it imo.

Wickedkitten

I wouldn't say it's hype so much, just depends on the developer really. A mate of ours had a new build in Ewell and we stayed over when we all went pubbing in London, and the next morning I could actually hear my OH having a wee and I wasn't even on the same floor. Another person I know has a new build in Central London and after his bathroom started leaking, he called in a plumber, only to find that the plumbing had been completely bodged by the builders and he ended up having to pretty much take off the wall of his bathroom behind the shower, and rip up the entire floor so all of it can be fixed, and then have it refitted again. Sure you can get that as well if you have someone that is a bit more DIY enthusiastic than actually skilled, but I certainly wouldn't accept that kind of workmanship in a new build and it's not something that you can tell just by looking at the bathroom in it's finished state.

Our old house was an early Victorian with 9 inch thick brick walls and even having 9 people over doing drunken Singstar one weekend, when I apologised to our neighbour the next morning, she said she didn't hear a thing. Our current house is almost 35 years old and the only time that I ever really hear the neighbour is when I'm in the garage and her and her fella are having an argument, or if she is singing to her dog.