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Shared Ownership
fabbman
Posts: 88 Forumite
Hi all,
Currently renting in the private sector, looking into buying a home via the 'shared equity' scheme with local government.
Firstly the mortgage products available are 'crap' typically 7%, secondly the lenders available are neglible, and thirdly my concerns would be the re-sale of the property to a smaller number of buyers.
Anyone got advice/experience?
Cheers
Currently renting in the private sector, looking into buying a home via the 'shared equity' scheme with local government.
Firstly the mortgage products available are 'crap' typically 7%, secondly the lenders available are neglible, and thirdly my concerns would be the re-sale of the property to a smaller number of buyers.
Anyone got advice/experience?
Cheers
0
Comments
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There was a post about this yesterday which would probably interest you:
https://forums.moneysavingexpert.com/discussion/25916650 -
Shared ownership is a scam. Avoid.poppy100
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Agreed scam. For the OP why don't you save a bgger deposit now prices are falling and by normally in a couple of years.:exclamatiScams - Shared Equity, Shared Ownership, Newbuy, Firstbuy and Help to Buy.
Save our Savers
0
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