We'd like to remind Forumites to please avoid political debate on the Forum... Read More » This is to keep it a safe and useful space for MoneySaving discussions. Threads that are - or become - political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Getting on the ladder

[Deleted User] · 2006-05-05 16:03:00

Ok, I think I could do with some advice. I'd like to buy my own flat within the next year, in or around london. Ideally in north london. I make 26K a year at the moment but expect that to rise to 30K in september. I currently have 11K saved towards a deposit but could expect family help up to the tune of an extra 20K. So,…

Comments

mercurystar999 Posts: 889 Forumite

6 May 2006 at 5:04PM

We purchased ours after a recomendation from a few mortgage advisors. We chose a house that was not on the shared ownership scheme. I was concerned at the time and still are the house prices may drop off. If they do i will then purchase the other 50% of our property and the HA will take a loss? I asked our solicator about this when it was going through and he said they had a legal obligation to sell the other half. If i was going to sell i would get the other half aswell as it would be easier tos ell that way.

Hi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam
0

This discussion has been closed.

★ ★ ★ Meet your Ambassadors

Getting on the ladder

Comments

Confirm your email address to Create Threads and Reply

🚀 Getting Started

Categories

Is this how you want to be seen?

Get our FREE Weekly email full of deals & guides - and it’s spam-free