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Buy a shared ownership house
itgirlinuk
Posts: 465 Forumite
Does anybody know if you can buy a shared ownership house as an investment? (under a buy-to-let mortgage)
I know that they are meant for the low-income groups, but does anyone has the right to buy the house, if it comes up on the open market? ???
I know that they are meant for the low-income groups, but does anyone has the right to buy the house, if it comes up on the open market? ???
The quickest way to double your money is to fold it in half and put it back in your pocket. :rolleyes:
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Comments
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Usually the Housing Association has the first otion on purchasing back the part you own or finding another "tenant/owner". It is certainly the case with my brothers house (he owns 50%), the housing association on the agreement has the first 3 months to "sell" his share on I believe.0
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