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shared ownership mortgages

Can anyone enlighten me on what sort of waiting lists there are for these, and if priority is given to "key workers" (I am not one), also have seen some investors offer these but it's generally housing association who would cover the rental part of the agreement?

And are these a good thing (obviously good in the initial sense of having at least a share of a property) or are there pitfalls to it that don't make it a viable long term option?

Comments

  • toonfish
    toonfish Posts: 1,260 Forumite
    It is dependant on each individual housing association, so they should be your first port of call. Advantage who offered them as a stand alone product are currently out of the market.

    I'm not sure if they are available at all for shrimp boats.
    I am a Mortgage Adviser
    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.



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