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FirstBuy/HomeBuy (Government Schemes)
Lost_Prophet
Posts: 172 Forumite
Morning All,
Does anyone have any experience of using either the Co-ownership or Rent-To-Buy schemes?
I've registered for updates from two local builders who are linked in with these schemes. I may even go down to one of the show homes at some point
Come December time, I will have between £5,000 and £10,000 in savings depending if I have to self-fund my masters degree and so want to buy a house and ask my girlfriend to move in with me
The houses I've seen are the new builds, generally 2/3 bedroom, look brilliant, in a decent area of Sheffield and are priced at between £90,000 and £130,000.
I earn over £32,000 excluding my girlfriends income so will have no problem for a mortgage for either the upper or lower house price
Does anyone have any experience of using either the Co-ownership or Rent-To-Buy schemes?
I've registered for updates from two local builders who are linked in with these schemes. I may even go down to one of the show homes at some point
Come December time, I will have between £5,000 and £10,000 in savings depending if I have to self-fund my masters degree and so want to buy a house and ask my girlfriend to move in with me
The houses I've seen are the new builds, generally 2/3 bedroom, look brilliant, in a decent area of Sheffield and are priced at between £90,000 and £130,000.
I earn over £32,000 excluding my girlfriends income so will have no problem for a mortgage for either the upper or lower house price
0
Comments
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Can anyone help here :-)
Just wanting to know the general costs, pro's, con's etc0 -
Is your masters going to be part time, open uni or full time? It may be worth waiting till after.
Rent to buy could be a good idea if the price you pay is allowed to fall with all other house prices but I don't know much about the scheme. They shouldn't be able to charge a newbuild premium if you have been renting it s few years.:exclamatiScams - Shared Equity, Shared Ownership, Newbuy, Firstbuy and Help to Buy.
Save our Savers
0 -
It's part-time whilst working but that isn't an issue. My company is part funding it and the other half hopefully from a government loan (CDL). Either-way, I predict I will have £5k in savings in December if I self-fund, £10k if I don't
Do you have experience of any of the schemes?0
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