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Advice needed - First time buyer
ATarrant
Posts: 2 Newbie
Hello,
I'm looking into buying my first property, however i'm only on a 26k salary and have a 15k deposit. I've been looking into the help to buy schemes, both equity loans and 5% deposits - however i'm struggling to see a way forward (the bottleneck seems to be 5x my salary). The only real option is a small studio flat - or find another like-minded person to invest with.
Shared ownership is really the only scheme that is realistic for me, and whilst it looks appealing, I've heard a lot of negative things about it. Can anyone advise on whether its this scheme is any good? And whether or not it's better than renting?
Many thanks in advance.
I'm looking into buying my first property, however i'm only on a 26k salary and have a 15k deposit. I've been looking into the help to buy schemes, both equity loans and 5% deposits - however i'm struggling to see a way forward (the bottleneck seems to be 5x my salary). The only real option is a small studio flat - or find another like-minded person to invest with.
Shared ownership is really the only scheme that is realistic for me, and whilst it looks appealing, I've heard a lot of negative things about it. Can anyone advise on whether its this scheme is any good? And whether or not it's better than renting?
Many thanks in advance.
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