Evening all!
Can anyone help me with shared ownership advice please?
I am hoping to buy a SO property at a 30% share with 10% deposit. I have an AIP with Barclays through a broker who said that’s the best she could do as any higher is unaffordable.
I have contacted the housing association to initiate the steps to reserving the property. They have then conducted an affordability assessment on me and told me I can afford a 60% share and so I will have to buy that.
I don’t understand how they can decide I can afford a 60% share when my broker has told me the lender won’t agree to a higher share due to affordability and I also don’t have the available deposit to cover a 60% share? I am so confused. Can anyone advise on this please?