This is probably quite a silly question but I have got myself into a right muddle having read all the resources I can find and if someone can give me a straight answer I will be very grateful!
I am hoping to buy through shared ownership towards the end of next year. What I am confused about is the deposit. Say a home is selling for £200k and you are buying 25% of it. Do you need a deposit which is 5% of the total value of the house, so £10k, or one which is 5% of the share you are buying, so £2.5k?
Thank you to anyone who can explain!