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Homebuy Wales
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cee_101
Posts: 20 Forumite
Hi.
Looking at buying a property through the Homebuy Wales Scheme. Where you buy 70% of the property and the housing association owns 30%. You don’t pay rent on the remainder but do pay it back when you come to sell.
I just called Barclays to see if they do it and they said no. They had never heard of it. Does anyone have any idea who participate in this scheme?
Thank you.
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Comments
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That sounds like confusion between shared ownership and shared equity.
Establish exactly how it works, who administers it and post back.
Have a look at HTB Wales which is shared equity but this applies to FTB/Newbuild only.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 -
Sorry to dig up but did you ever find a mortgage?0
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Looks like Leeds does something similar. Might be worth enquiring.poorolddad said:Sorry to dig up but did you ever find a mortgage?
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