Shared ownership or bust

[Playgrind]

Have never been in a position to buy due to low deposit and high rent. We have to leave our current place and have a found a reasonably priced rental (for the area) but now thinking ahould we buy a 40/50% share in a new shared ownership property?

Ive always avoided shared ownership due to concerns over hidden costs and lack of flexibility when selling but coming round to the idea as don't want to sink another £17k a year on rent.

However, i feel we're at the top of a bubble and will see reduced prices as interest rates rise, this seems a particular issue with shared ownership as you could end up in negative equity.

Has anyone done shared ownership and could advise? We have 3 kids and looking for a long-term home rather than making a huge investment.

Bumping as this board is crazy busy atm

Shared ownership isn’t ideal but it is better than renting. So if it’s the only way to buy then I wouldn’t hesitate personally. And if prices do fall you might feel relieved to only own 50% of it! Negative equity only affects people who want/need to move house

I would absolutely go for it op. With 3 kids a stable home is most important. Just chose the right property that will grow with you and you can ride out any price problems. No landlord to tell you to get out, decorate how you like.