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1st Buy - Shared Ownership Property in Hayes
LondonMoneySpendingExpert
Posts: 40 Forumite
Hi all,
I was wondering if there was someone out there who could help me with a query.
Having spent the last few years saving up, I have decided to try and by my first property. Due to buying on my own buying out right seems impossible for me living in London.
Having joined FirstSteps I came across a property in Hayes called High Point which is sold through Notting Hill Housing. The property looks nice, but is it worth it?
I was wondering if
Hope someone can help.
:j
I was wondering if there was someone out there who could help me with a query.
Having spent the last few years saving up, I have decided to try and by my first property. Due to buying on my own buying out right seems impossible for me living in London.
Having joined FirstSteps I came across a property in Hayes called High Point which is sold through Notting Hill Housing. The property looks nice, but is it worth it?
I was wondering if
- Anyone has dealt with Notting Hill Housing
- If anyone here has looked in to High Point Village
- Or if any one has purchased a property there?
Hope someone can help.
:j
Debt free since birth, although planning to buy my first home in 2012 so bring on the debt!!
0
Comments
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Brit1234 will be here soon screaming SCAM, SCAM, SCAM .......0
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Yep ive had a few comments of him/her. Just ignore.them London0
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Scamscamscam0
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What's a scam, Shared Ownership or High Point in Hayes?Debt free since birth, although planning to buy my first home in 2012 so bring on the debt!!0
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why get into a scam if you already know its one?It is nice to see the value of your house going up'' Why ?
Unless you are planning to sell up and not live anywhere, I can;t see the advantage.
If you are planning to upsize the new house will cost more.
If you are planning to downsize your new house will cost more than it should
If you are trying to buy your first house its almost impossible.0 -
What are you on about Geof?
Look im here asking for help, not silly comments pls!Debt free since birth, although planning to buy my first home in 2012 so bring on the debt!!0 -
SO. I have one for over 8 years and it's been great for me. Not sure where Hayes is and please spend sometime checking that it is for you. Check if the HA are known for high rents, if you can sell your share easily and how much it will cost to do so. Try and not staircase when you are in a better financial position to own a property outright. Good Luck0
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LondonMoneySpendingExpert wrote: »What are you on about Geof?
Look im here asking for help, not silly comments pls!
The point is that, because SO homes are more affordable in terms of outgoings and deposit, they tend to be sold at inflated prices. However, you are aware of that, as it's the first question you asked. ("The property looks nice, but is it worth it?")
There are also issues with run-away service charges and rents that have been reported.
I cannot say it's a scam, but there have been so many hard luck stories about SO on this board that I advise extreme caution. Certainly, do not accept anything said to you by the sales staff, and make sure that you get your own independent solicitor and surveyor to act for you - not people recommended by the sellers.No reliance should be placed on the above! Absolutely none, do you hear?0 -
Thanks GDB and Harsa. Will take all in to.consideration
What HA did you buy from Harsa? What % did you start at?
I read a post about a valuation coming out lower then sellers price. Is that something which commonly happens?Debt free since birth, although planning to buy my first home in 2012 so bring on the debt!!0 -
Buying only part helps keep them unaffordable.0
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