Shared Equity - Charles Church

lnbr32

Brit1234 - although I appreciate what you are saying this thread was about those of us who have considered and have decided its a good idea, I appreciate what you are saying but for some people it is the right choice.

R83 - just been told our offer has been issued today from Halifax! Havent had eyes on it yet but thought I would let you know!

r83_2

Awesome lnbr!! Hearty congratulations to you & wish you well in ur new house I think for us it may take another couple of weeks, since I am an overseas immigrant in the UK and they have to look at our visa and all that. But hey ho, enjoy your new home I will keep posted fingers cross xxx

poppy10_2

You missed a bit

buenfoxa wrote: »

House ‘list’ price: £195,000
House actual value: £165750
Builders Shared equity ‘loan’ (artificial inflation of list price): £29,250
Our contribution @ 5%: £9,750
Mortgage @ [STRIKE]80%[/STRIKE] 94%: £156,000

Joint Salary of £55k with £250 x 2 car loans.

buenfoxa

poppy10 wrote: »

You missed a bit

Whilst admitting that you tend to pay slightly more for a new build, I like the fact that you know what the house price should be even though you don't know where it is, what size etc! Great bit of advice, keep it coming!!