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50/50 ownership?
kim.pollard
Posts: 3 Newbie
Hi all,
I currently own 50% of a shared ownership property, however I've just got a job in London and need to move ASAP, obviously it is too expensive to buy in London so I'm going have to rent a property in London leaving me with prospect of having to sell my flat as I can't afford the expensive London rent and my mortgage. Does anyone know if selling my property is my only option as I don’t really want to step off the property ladder?
:'(
I would be very grateful of any advise.
I currently own 50% of a shared ownership property, however I've just got a job in London and need to move ASAP, obviously it is too expensive to buy in London so I'm going have to rent a property in London leaving me with prospect of having to sell my flat as I can't afford the expensive London rent and my mortgage. Does anyone know if selling my property is my only option as I don’t really want to step off the property ladder?
:'(
I would be very grateful of any advise.
0
Comments
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You could contact you Shared Ownership company and explain it to them , if they agree and you write you your lender you can rent the place , pay the mortgage and the service rent , make some calcutaion, as if you manage to go even than keep it, if you loose then sell and buy in london.Filiss0
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