Mortgage help on Shared Ownership property.

kells1232002

Many thanks for your help. I will continue to pay off the credit card and work hard at the overdraft.

ironman1

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.