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Open Market Shared Equity Scheme
whambam
Posts: 526 Forumite
Does it require a credit check?
Its designed/eligible for disabled people so can they get housing benefit for these properties?
Its designed/eligible for disabled people so can they get housing benefit for these properties?
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Comments
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Does it require a credit check?
Its designed/eligible for disabled people so can they get housing benefit for these properties?
If you require a mortgage then the mortgage lender will want to credit check you.
The Open Market Shared Equity Scheme aims to make you a home owner not a tenant so you would not be eligible for housing benefit.
https://www.mygov.scot/open-market-shared-equity-scheme/0 -
You may have been eligible for SMI on the mortgage interest while the scheme was a benefit, rather than a loan as it is now.
Under shared ownership, the rent payable to the registered social landlord was subject to HB/LHA for the disabled.
As suggested, any mortgage will require a status check.
This organisation helps the disabled to purchase their own home. No recommendation implied - given for information only;-
http://www.mysafehome.info/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 -
is SMI only available for 24 months last I heard.0
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kingstreet wrote: »You may have been eligible for SMI on the mortgage interest while the scheme was a benefit, rather than a loan as it is now.
Under shared ownership, the rent payable to the registered social landlord was subject to HB/LHA for the disabled.
As suggested, any mortgage will require a status check.
This organisation helps the disabled to purchase their own home. No recommendation implied - given for information only;-
http://www.mysafehome.info/
Is this for England and Wales only or UK nationwide?0
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