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Sorry, have loads of questions today - last one... shared ownership

(3 Posts)
ElfOnTheTopShelf Sun 31-Aug-08 12:09:37

If you buy a house that is shared owner ship, such as 50%, your mortgage payments are say £500, how much is your rent?

mamaolivia Sun 31-Aug-08 17:32:44

We pay just slightly over £200 rent for a 68,000 (40%) share on ours

BigGitDad Sun 31-Aug-08 17:40:23

usually 3% on the balance outstanding. So if house is £100,000 and you have 50% mortgage, £50k x 3% divided by twelve will be you rental payment. The 3% figure may vay from housing association to housing association

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