Your browser isn't supported
It looks like you're using an old web browser. To get the most out of the site and to ensure guides display correctly, we suggest upgrading your browser now. Download the latest:

Welcome to the MSE Forums

We're home to a fantastic community of MoneySavers but anyone can post. Please exercise caution & report spam, illegal, offensive or libellous posts/messages: click "report" or email forumteam@.

    • liguolong
    • By liguolong 19th Mar 17, 10:53 PM
    • 2Posts
    • 1Thanks
    shared ownership
    • #1
    • 19th Mar 17, 10:53 PM
    shared ownership 19th Mar 17 at 10:53 PM
    Hi All,
    I am considering buying a property using NewShare scheme, a scheme similar to shared ownership where I buy at least 25% of the property and pay 1.75% rent for the remaining equity. My questions are:
    Would the price be negotiable?
    As the property is new build, would it make sense for me to just buy the minimum share and wait for some years before staircasing to pay less new build premium?
    If we decide to staircase later, would it make sense to ask say 3-4 surveyors and take the cheapest one? How accurate are these surveyors usually?
Page 1
    • deannatrois
    • By deannatrois 20th Mar 17, 2:45 AM
    • 5,366 Posts
    • 7,523 Thanks
    • #2
    • 20th Mar 17, 2:45 AM
    • #2
    • 20th Mar 17, 2:45 AM
    So far I've only found websites offering this scheme in Newham and you have to buy a 50% share.., and be a keyworker, living or working in the borough or on the housing waiting list to qualify

    The properties aren't cheap.

    I've yet to see one property that mentions NewShare rather than Help to Buy.., but I could well be missing something.

    I think you might be better off speaking to people running the scheme itself rather than on here. It sounds like quite a new thing, might not be much information out about it. Although I wait to be corrected lol.
    Last edited by deannatrois; 20-03-2017 at 2:50 AM.
    • liguolong
    • By liguolong 20th Mar 17, 8:33 AM
    • 2 Posts
    • 1 Thanks
    • #3
    • 20th Mar 17, 8:33 AM
    • #3
    • 20th Mar 17, 8:33 AM
    Thanks, I did spoke to people from site sales. They said we can just buy 25% share because we are living in Newham. We asked if the prices are negotiable, they said no. We asked if the new build premium would drop as we live in, he said a new build after 10 years is still new build. I am not sure how much I should believe what he says.
Welcome to our new Forum!

Our aim is to save you money quickly and easily. We hope you like it!

Forum Team Contact us

Live Stats

1,350Posts Today

5,669Users online

Martin's Twitter
  • It's the start of mini MSE's half term. In order to be the best daddy possible, Im stopping work and going off line?

  • RT @shellsince1982: @MartinSLewis thanx to your email I have just saved myself £222 by taking a SIM only deal for £7.50 a month and keeping?

  • Today's Friday twitter poll: An important question, building on yesterday's important discussions: Which is the best bit of the pizza...

  • Follow Martin