Strideup

Natkim84

I'm currently looking at buying my first property and was looking at share to buy. However I've come across a scheme called Strideup. Does anyone have any experience or reviews of this?

Thanks in advance

Natalie

eddddy

Natkim84 wrote: »

However I've come across a scheme called Strideup. Does anyone have any experience or reviews of this?

I've no experience of this scheme - but I guess the 'devil is in the detail'...

Do they really have lots of investors with a few hundred thousand quid lined up, and ready to jointly own a property with you?


And I guess it's a case of looking for 'bear traps' in the contract. For example...

- What happens if you can't pay the rent?
- What happens if you want to sell up and move?
- Can you force a sale (as you are only a joint owner)?
- Can the other joint owner(s) force a sale (e.g. if you don't want to sell)?
- How is the selling price agreed?
- How is the 'market value' decided when you want to buy more of the property?
- How is the 'market rent' determined?
- Will you get the full financial benefit of any improvements/maintenance that you do to the property?
- Will there be arguments when you sell about whether you've let the property deteriorate?