We've been renting our house for almost 9 years now. We have an elderly landlord but we dont have direct contact as its managed by a letting agency. We would love to own our own home but seems like it will be years for us to save a decent 10% mortgage. Im talking about 25k. We have around 8-10k in savings for a deposit. We may be in a position to buy a shared ownership as the deposit is more attainable. Only problem is, these schemes are all quite out of the way and I dont drive. Public transport is rubbish.
Has anyone used the Landlord Gifted Deposit scheme? I feel like it would be great for us as we could top it up with our savings. We love the house we live in and would like to stay. Ive just never heard of someone using it so not sure how it will work. Any advice gratefully received. Thank you 😊