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Mis-Sold? Shared Ownership Property

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  • ViolaLass
    ViolaLass Posts: 5,764 Forumite
    Could your partner go to uni part-time? Open University? There are ways to do it and hold down a full time job.
  • ViolaLass
    ViolaLass Posts: 5,764 Forumite
    assj wrote: »
    thanks, i do already have a part time job though, and i actually have put off my education for 5 years so that my partner could buy this house and so that he could get qualifications through work and get higher in his job, i think you are treating me quite unfairly.


    er... are we talking to the OP or the partner?

    Partner: what do you think your family should do?
  • brit1234
    brit1234 Posts: 5,385 Forumite
    With your compensation over pay on the mortgage side. Do not buy any more of the rental part.

    If you have a 25% mortgage and 75% rent each £1 you overpay your mortgage will help you out with £4 of negative equity. Put the loss onto the housing association. So your £6,000 compensation will protect you against £24,000 negative equity.

    Shared ownership is a con, everyone should stay well away.
    :exclamatiScams - Shared Equity, Shared Ownership, Newbuy, Firstbuy and Help to Buy.

    Save our Savers
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