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Can I afford to move on from shared ownership?
Comments
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AllAboveBoard wrote: »Thank you libf - your post helped clear the fog! :T Trying to multitask here and I never was much good at that!
But you know how it is when an idea gets in your head and you just NEED to talk it through? That's why I love this forum :beer::beer:
Theartfullodger - not sure I want to say 'thank you' for the reality check (just kidding!) but I was basing my estimation of equity on a neighbour's recent sale of SO property. Hopefully mine will realise a similar (if not better!) value.........fingers and paws crossed!
I really do appreciate all your input. Thank you
Best of luck with it all!
Just to check, the HA are on board with the sale aren't they?0 -
Guest101 - not got that far yet as just tossing the idea around in my (cotton-wool-filled?) head! :rotfl:
I understand the restrictions etc on re-selling SO as neighbour experienced it all recently but equally I'm sure this property would be desirable to a young family and I'm getting too old and wrinkly to be house-sharing with the HA! 0 -
AllAboveBoard wrote: »Thank you libf - your post helped clear the fog! :T Trying to multitask here and I never was much good at that! But you know how it is when an idea gets in your head and you just NEED to talk it through? That's why I love this forum :beer::beer:
Theartfullodger - not sure I want to say 'thank you' for the reality check (just kidding!) but I was basing my estimation of equity on a neighbour's recent sale of SO property. Hopefully mine will realise a similar (if not better!) value.........fingers and paws crossed!
I really do appreciate all your input. Thank you
My shared ownership flat was £138k full value when I bought ~5 years ago, and I'm selling for £185k (another non-shared ownership in the same block went for £190k in the summer and my valuation was in April), so although that is in Oxford just because it's SO doesn't mean the value will tank...0
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