Is shared ownership still appealing, and how can we achieve a quick sale?

[Ellipellimulli]

Are people still interested in shared ownership? Or is a dead path?

We're wanting to relocate and would live a quick sale, any advice?

We are selling our shared ownership property. A 3 bed end of terrace in Aylesbury. Very close to amenities, train station into marylebone, great schools, cafe, drs, a little Sainsbury's etc. Surrounded by fields.
£200k which is 50% share.
Rent and service charge £571.71.

We've lived here for 10 years and really love the community, we will be sad to leave.

In some cases, yes. That’s what I decided after a lot of researching into the advantages and disadvantages of shared ownership. But I share my rented accommodation so I can save quite aggressively to increase my deposit. No way do I want to be stuck paying rent and service charges forever (and those increase every year) for a ridiculously overpriced property just because it’s a nice build and in a convenient location.

They are sold at the market value pice the same as any on the open market.
I do not pay any ground rent or maintenance charges for my house.

And tie up £400,000 rather than £100 or 200,000 ?

No thank you

We don't have the £500 limit. It is exactly as if we own the house. We do all the maintenance ourselves.
I can't really see being able to buy the 40% we don't own but we could down size and sell and still have a deposit of £300,000 to put down something else when the mortgage is paid off.

Nothing wrong with doing your own maintenance. There's hardly anything to do.

I also think they can work well in various scenarios people don’t necessarily think sbout

1. You end up divorced/on your own or with kids - you get £120,00 equity but aren’t a high earner or are older -you either rent and then get no benefits ( rightly) as you have cash until you don’t, you buy somewhere if you can in a not very nice place plus possibly a small mortgage, you use £110,000 to buy your share of somewhere modern and pleasant outright , so no mortgage , maybe still able to claim some benefits and if anything happens job wise you will more than likely be able to claim towards the rent and service charge, whilst having security .

there are some advantages to it, as well obviously some disadvantages - but to me it beats living somewhere not nice and needing loads of work if you don’t have a ton of spare cash or the insecurity of private renting and many of these places will be £1k tops for rent and service charge if you have no mortgage aspect . Try renting privately in many parts of the country for this if you need at least 2 bed place that’s not grotty.

it’s all very well people saying you can buy a 2 bed terrace here in south wales or Darlington for that or wherever, many people have lots of reasons to stay in the area where they are where you can’t get a 1 bed flat under £180k and a 2 bed house is £300k plus and they simply can’t get mortgages at that level.