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Shared Ownership Schemes
Comments
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Depends.
The one ive got is in a predominantly open market block.
The ones on the open market were on the market ( obv all new) but 2 bed flat ( upper, no garden) were going for 260-270k, mine was 197. Ive got a garden. However, I believe that they are higher spec ( kitchens, door handles) and one of the bedrooms has ensuite, so not directly comparable. Although I think a gardens better than an ensuite any day!!:beer: Well aint funny how its the little things in life that mean the most? Not where you live, the car you drive or the price tag on your clothes.
Theres no dollar sign on piece of mind
This Ive come to know...
So if you agree have a drink with me, raise your glasses for a toast :beer:0 -
S/O I would only go with IF you really have no other way or getting a home...
Just sold mine :j :j and I am really pleased to be getting out of S/O as somebody else said, you have all the agro and the H/A are still in control of you!
I heard 2 days ago from a friend who is a key worker and buying a 2 bed S/O flat that the rent and morgage will cost him £800 :eek: pcm... the 4 bed im buying wont cost that!Debt free and plan on staying that way!!!!0 -
Yeah mummytofour, completely agree with you. Now Ive grabbed myself an OH Im out of SA asap. We will buy the same size flat, with garden, outside london and save ourselves 300 a month, AND thats with a repayment, I only have IO now.
My feeling is, if you MUST buy, and you CANNOT afford any other way, then fine do it, but if there is ANY other way, includig cutting back your outgoings and saving for longer, then do that instead. I wish I had.
Oh yeah and SO in deprived areas still have to pay stamp duty :mad::beer: Well aint funny how its the little things in life that mean the most? Not where you live, the car you drive or the price tag on your clothes.
Theres no dollar sign on piece of mind
This Ive come to know...
So if you agree have a drink with me, raise your glasses for a toast :beer:0 -
Definately look at other options before commiting to S/O and only do so if you know your earnings will increase significantly in the near future allowing you to staircase to full ownership ASAP.
S/O schemes are easier to get into then to get out of0
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