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Shared Ownership- is it worth it

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  • reason2
    reason2 Posts: 362 Forumite
    I Did this 2 years ago, was renting for £800 a month excluding bills.

    Bought 35% of a really nice new build house in worsley, the area is lovely too.
    pay £153 for mortgage with Barclays, and £178 in rent to developer. so about £330 altogether which saved me almost £500 straight off.

    As it is a new build the building has a 10 year guarantee and the white goods / boiler etc came with a 5 year guarantee .

    its been brilliant for us.
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