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Sorry, have loads of questions today - last one... shared ownership

2 replies

ElfOnTheTopShelf · 31/08/2008 12:09

If you buy a house that is shared owner ship, such as 50%, your mortgage payments are say £500, how much is your rent?

OP posts:
mamaolivia · 31/08/2008 17:32

We pay just slightly over £200 rent for a 68,000 (40%) share on ours

BigGitDad · 31/08/2008 17:40

usually 3% on the balance outstanding. So if house is £100,000 and you have 50% mortgage, £50k x 3% divided by twelve will be you rental payment. The 3% figure may vay from housing association to housing association

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