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Shared Ownership- is it worth it

Sicily1991 · 2018-09-06 13:40:38

Hi all, I am in my 20s and living in London. My yearly salary is about £45k at the moment and have savings which I would ideally like to put towards first home. London prices however are prohibitive and I'd ideally like to own my own home rather than share with my partner. Shared ownership could be a first step on the…

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reason2 Posts: 362 Forumite

7 September 2018 at 12:05PM

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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Shared Ownership- is it worth it

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