We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Is shared ownership only allowed to FTB?
eldaniel
Posts: 267 Forumite
I am thinking about my options for a second house. I do not have much mortgage left on my flat. But enough to make me collect deposit for a future house for too long. One fact is certain - I want to keep the flat to rent it out in the future.
Is shared ownership something I could possibly take on? It would be for my main residential property, but am I allowed to take this option if I am already flat owner?
Many thanks
Is shared ownership something I could possibly take on? It would be for my main residential property, but am I allowed to take this option if I am already flat owner?
Many thanks
0
Comments
-
No. You won't get clearance from the HCA HomeBuy Agent if you already own a property.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
-
kingstreet wrote: »No. You won't get clearance from the HCA HomeBuy Agent if you already own a property.
Thank you kingstreet once again for your help. You helped me with the other post. I thought this might be my last lifeline to stick to my plan of keeping the flat.
I have just seen part exchange offers from some developers. They advertise this as a hassle free way of selling flat at the current value. At first thought I think this might be good idea because this could help me to avoid waiting and selling fees.
What do you think about part exchange schemes?
Many thanks0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353.8K Banking & Borrowing
- 254.3K Reduce Debt & Boost Income
- 455.2K Spending & Discounts
- 246.9K Work, Benefits & Business
- 603.4K Mortgages, Homes & Bills
- 178.2K Life & Family
- 260.9K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards