Council shared equity Or DMS advice?

rosie_marc

Does anyone have any first hand experience of this? We are in the process of possibly purchasing a 3 bed apartment through this scheme it’s in a desirable part of London and the in next 5 years the development is going to grow and they are converting Chelsea power station into shops, restaurants and other apartments which is also on the development so my theory is it should grow in value, however I’m scared that only owning a percentage could risk us losing money or finding it really difficult to sell on ?? Any thoughts or experiences hugely appreciated.

Thanks
Rosie_marc

RealElement47

It's ashamed risk, if property goes up even more then you have a percentage share and will benefit, however if the long awaited correction comes then you will be pleased you shared the risk and didn't own all the property as its value declines

Malthusian

You are likely to get a better response in the House Buying, Selling and Renting board. This the "speak your branes on politics" forum.