Is it still worthy? (Shared Ownership)

Orpheo

You just can't handle being disagreed with. If that makes you upset then that's your lookout, snowflake.

thriftychap wrote: »

This is very narrow minded and i do hope, as a fellow teacher you do not potray such strong and polemic beliefs to your pupils but allow them to make their own minds up, according to their own individual circumstances, experiences and beleifs.

Another nasty little suggestion. You now presume to judge my teaching because I disagreed with you on the internet. You have no knowledge of my teaching experience or practice at all. Allow me to be equally rude. There is nothing that 'tastes bitter' to me about your posts except your failure to use a capital letter for the pronoun I, your misspelling of truly, your fumbling hit-and-miss attempts at punctuating clauses, your use of 'are' instead of 'am' and your inability to use an ellipsis. Oh, and it's portray. I do hope, as a fellow teacher, you take more care when you inflict your writing upon your pupils. What hope do the children have? Your teacher training provider should look at its admissions criteria.

Your repetition of the word 'polemic' is steeped in irony.

geoffky

Orpheo ,,Did you get the chance to negotiate on the price you payed for your apart rent?

Orpheo

geoffky wrote: »

Orpheo ,,Did you get the chance to negotiate on the price you payed for your apart rent?

I currently rent a house and I negotiated the rent down by 6%. Interest on my savings also offsets a further 25% of my rent at today's very low rates.

thriftychap_2

Wow, you really dont like having someone disagree with you do you.

Unfortunately, with reference to obvious spelling and typing errors - some of us are typing in haste as we have jobs to do and dont consider this forum a place where such errors would be challenged, except by you of course. It appears you are a malicious individual and whereas I have not been directly rude to you, you have been unable to help yourself when challenged, you believe your view is the only one that counts and that you are able to become part of others conciousness..... something no reasonable indivdual would consider possible.

Good luck with renting - a very prudent way of throwing money away! all those years of experience and telling other people what they should be doing with their lives really looks like it is paying off for you. :rotfl:I would love someone to pay my mortgage for me!! fancy it??? Im sure your next post will tell us all how wonderful you are, and justify your renting, you will even probably tell us how you save money by driving to work using a magic bean fuelled car.....another wise decision based upon your finance know how and experience.

I will not waste my time replying to you again but will close by offering my sincere apologies on behalf of the teaching profession that young people are subjected to your narrow minded and expression limiting rants.

I look forward to your hate filled response. Good job im thick skinned and enjoy reading your responses.

To the OP, im sorry we have ruined your original post.

Orpheo

thriftychap wrote: »

Wow, you really dont like having someone disagree with you do you.

Unfortunately, with reference to obvious spelling and typing errors - some of us are typing in haste as we have jobs to do and dont consider this forum a place where such errors would be challenged, except by you of course. It appears you are a malicious individual and whereas I have not been directly rude to you, you have been unable to help yourself when challenged, you believe your view is the only one that counts and that you are able to become part of others conciousness..... something no reasonable indivdual would consider possible.

Good luck with renting - a very prudent way of throwing money away! all those years of experience and telling other people what they should be doing with their lives really looks like it is paying off for you. :rotfl:I would love someone to pay my mortgage for me!! fancy it??? Im sure your next post will tell us all how wonderful you are, and justify your renting, you will even probably tell us how you save money by driving to work using a magic bean fuelled car.....another wise decision based upon your finance know how and experience.

I will not waste my time replying to you again but will close by offering my sincere apologies on behalf of the teaching profession that young people are subjected to your narrow minded and expression limiting rants.

I look forward to your hate filled response. Good job im thick skinned and enjoy reading your responses.

To the OP, im sorry we have ruined your original post.

Another nice post.:rotfl:
You really are a prat, aren't you?

silverchair

Im a keyworker & so looked at the shared ownership scheme local to me. I found it to be a bit of a con. The open buy scheme looked a lot better although I dont think they are doing that now.

The reasons why I didnt like the shared ownership is that:
1) they are often extremely overpriced & tend to be difficult to negotiate a price decrease.
2) Rent side of it can go up at anytime, so you may not have budgeted for that
3) Very expensive service charge £130 which again can go up at any time (although this can be the same as any lease hold).
4) Restricted with who you can get a mortgage from.
5) If price goes up , you lose as it costs more money to buy the share. If price goes down you lose
6) You pay rent, but still have all the negs of buying eg if something breaks down/wrong you pay for it
7) Really hard to sell/get rid off if you need to move for any reason.

Not sure about this but if they are strict about you being a keyworker & then you didnt work in that sector anymore what happens??

I know there was something about that with the open buy scheme.

geoffky

Orpheo wrote: »

I currently rent a house and I negotiated the rent down by 6%. Interest on my savings also offsets a further 25% of my rent at today's very low rates.

AND the guyv applauding shared ownership can get how much off his asking price....


not a bloody dickiebird..:rotfl::rotfl::rotfl:

gemmacantan1

I bought on a homebuy scheme 5 and a 1/2 years ago and to me honest was missed sold it as a great thing. We have a two bedroom property that is currently bursting it at the seams with two young children under 5. When we purchased our 75% share we were under the impression that we would be able to remortgage when the 2 year fixed rate expired. Little did we know that we were required by the housing association to have equity in our property. We had a little bit so managed to remortgage 3 years ago but since the house price crash, we haven't been able to. We believe we would have been better off buying a 2 bedroom flat because at least we could have sold it because there is a whole lot of red tape when it goes to selling our property too. I know shared ownership is very attractive but please make sure you plan to live in your house for a long time as selling is a nightmare. My friend has remortgaged hers for 10 years so you can see what I mean.

If its what you want then go for it, it is your future. We can't even get a loan on our property because of the HA's share. There as you probably know lots of complicated bits along with it.

PasturesNew

When I bought a SO it was top of the market, of course back then things like that weren't so well known as there was no Internet and little TV (few channels, not much news, no News 24).

I bought one of two trial houses, in a council road. As a single person I was only "allowed" to buy the studio. The other was a 2-bed house, which couples were "allowed" to buy (at just £2k more than my £50k, which was bl00dy annoying). The rent on my half was more than my Council neighbour's identical studio. So I felt ripped off from both angles: price -v- what I got; my 50% rent -v- the full council rent on an identical place.

I felt the price when I bought was "a bit high", but I saw it as a way to live in a place that I could call mine (I was in a caravan at the time and could never have afforded a house within 20 miles). When I sold, 7-8 years later, it was about the bottom (again, had no idea really about such things) and so I was still in negative equity by 5%. In my case, the Council bought it back off me at the price they said - and I wrote a cheque out for the NE.

If you really like the place and can see yourself living there for 10+ years (or life) and if you're not forced to ever buy more if you don't want to/can't, and if it's better than where you're living now, or could ever hope to live, then buy it.

carefullycautious

http://www.thisismoney.co.uk/mortgages-and-homes/article.html?in_article_id=424450&in_page_id=8


If you scroll down to the readers comments not a good word spoken about shared ownership.

Just make sure you know what you are getting into