Sorry for this incredibly dull thread - just wondering if anyone has bought a property using Shared Ownership and would they recommend it? Have seen some mixed reviews and heard some horror stories!
Try here: https://www.sharetobuy.com/Does anyone have a link to a good explanation on this for me, a basic, or are able to provide one themselves? I’ve got a help to buy and I’ve seen this on a lot of city flats/apartments but sadly I don’t fully understand how it works or what could go wrong etc.
I bought my flat using the shared ownership scheme. We're the only people to have lived in our flat and we were renting from our housing association. Basically, it was a simple sale. It took 8 months from initial enquiry to the sale. Why it was such a long slog I have no idea but be prepared!I'm nearing completion on mine. It's been a long slog. Will be basically 6 months from viewing to completion but so worth it.
Anyone from the UK used shared ownership? I’ve been looking at just getting a straightforward mortgage but noticed that shared ownership affords more, which would be better for me in London. Anyone got any recent experience of it? I’ve heard mixed things.
Thank you, I will at some point- be useful to get perspective from someone who’s gone/ going through it.I've done it. Been great for me (See above) although latest mortgage has been a nightmare due to unforeseen circumstances. Feel free to DM me if you have any specific questions.
Same, and my experience is pretty much above your post. It worked for us although I'm not in London, I don't know if things differ down there.I've done it. Been great for me (See above) although latest mortgage has been a nightmare due to unforeseen circumstances. Feel free to DM me if you have any specific questions.
Can we talk about general housing stuff here? I'm currently a bit torn about whether to try and buy in London or the suburbs (where I'm from).
Thanks so much for the advice @jordxn and @bestinase. There's loads to consider at the moment but fingers crossed it all works out, the way I'm think at the moment is more suburbs since it suits me longer term better. I can always crash at a friends or get a hotel when I want to go really hard in London on a night out!