Hi all
I haven't posted here before so sorry if it's the wrong place or there is a really obvious thread I have missed.
I was looking for people's opinions of shared ownership, ideally people who have lived/live in a house or flat under the scheme.
A 'proper' mortgage is really just not doable as rent eats up a large amount of disposable income and saving the deposit is not going to happen in the next 8-10 years. A shared ownership deposit is far more manageable. However, I have only ever heard negative stories about it and wondered if anyone actually like them?!
I guess a lot of people will just say save up for longer and do it on a traditional mortgage but just curious. We have looked at the shared equity schemes and they all seem to be offered on really expensive houses around here so despite only beeding a 5% deposit the actual amount needed is basically the same as 10% of a more moderately priced place so not really helping us at all
Looking forward to hearing some views :)
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is anyone in a shared ownership place
21 replies
pteradactyl · 06/12/2016 20:10
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