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Mortgage help on Shared Ownership property.
Comments
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Many thanks for your help. I will continue to pay off the credit card and work hard at the overdraft.0
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We bought half a property last year.
2 bedroom appt, decent area. Expensive though, we bought half of it (full cost £195k). Thats London for you!
The solicitor/valuation/mortgage fees must have cost about £3500 odd, then the deposit which was just under £10,000.
Mortgage costs around £475 a month but we overpay when possible. Rent + service charge comes to around £320.
It's expensive but better than renting.
Make sure you can buy the other half/percentage in the future if you can.0
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