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Help to Buy equity loan/shared ownership
marknlard
Posts: 47 Forumite
Can anyone tell me what the difference between the two above schemes is? Is it down to eligibility? I might be being slow, but they seem very similar.
https://www.gov.uk/affordable-home-ownership-schemes/help-to-buy-equity-loans
https://www.gov.uk/affordable-home-ownership-schemes/shared-ownership-schemes
https://www.gov.uk/affordable-home-ownership-schemes/help-to-buy-equity-loans
https://www.gov.uk/affordable-home-ownership-schemes/shared-ownership-schemes
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Comments
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Shared ownership you only buy a portion of the property, say 50% and you rent the other part from a Housing Association.
Shared equity, you purchase all the property and the deposit is made up of your savings/gift and a second charge over the property, provided by a developer or HMG.I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.0
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