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Shared ownership - higher income
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faxfan
Posts: 17 Forumite
Looking at shared ownership outside of London but my income is over 80k, are there any other schemes available to get shared ownership?
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Comments
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Shared ownership is useful somewhere like London where it provides stability for lower wage earners but prices are generallyy inflated against those on open market.
Given your salary why would you consider going for a shared ownership with your ability to borrow giving you options?
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I can only get a 15 year mortgage but can afford a limited rent after retirement.0
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What’s the issue with the 15 year term - just that payments are too high over that period of time?🎉 MORTGAGE FREE (First time!) 30/09/2016 🎉 And now we go again…New mortgage taken 01/09/23 🏡
Balance as at 01/09/23 = £115,000.00 Balance as at 31/12/23 = £112,000.00
Balance as at 31/08/24 = £105,400.00 Balance as at 31/12/24 = £102,500.00
£100k barrier broken 1/4/25SOA CALCULATOR (for DFW newbies): SOA Calculatorshe/her0
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