Shared Ownership Rent Increases ... Opinions of those in the scheme?

sofsofsof

How do people find the rent increases?

How do they fair vs people private renting etc?

Thanks for all opinions :cool:

cjv

Am yet to read through my lease fully before signing but remember a section stating rent will be reviewed yearly, increases will be in line with RPI with a minimum of 0.5%

Takmon

If your looking at shared ownership don't forget to see if there are any near you that don't have to pay any rent on the bit you don't own as this can save you quite a bit of money.

Rosieandjim

Correct me if I am wrong but I thought that the only time you did not pay the rental part was if you purchased 75 percent as an older buyer on the OPSO scheme?

Takmon

Rosieandjim wrote: »

Correct me if I am wrong but I thought that the only time you did not pay the rental part was if you purchased 75 percent as an older buyer on the OPSO scheme?

There are some shared ownership schemes where you pay no rent on the unowned part as they are run on a charitable/not for profit basis and I've seen several properties at 50% ownership.

Rosieandjim

Takmon wrote: »

There are some shared ownership schemes where you pay no rent on the unowned part as they are run on a charitable/not for profit basis and I've seen several properties at 50% ownership.

Thanks for reply do you have the name of these you can message me if you would rather not say on here