Been some pretty 'grown up' threads on here of a late so thought I'd post one.
Me and my girlfriend have been saving a deposit for a house now for around 3 years. We now have a more than sufficient deposit (15-20%) and are, in my opinion in a good position to buy.
We have looked at houses around £100k and TBH we would be scrapping the barrel. The houses would need new kitchen, bathroom ect in order to modernise them.
This is the thing our local housing association have a development of shared ownership properties available in June this year. Basically £65k for a 50% share in a brand new 3 bed semi. Then £42pw in rent. From what I know you can purchase the other 50% in years to come.
So my question is shared ownership. Pro's and Con's? Done it yourself? Anything I should know ect ect
Thanks.
Me and my girlfriend have been saving a deposit for a house now for around 3 years. We now have a more than sufficient deposit (15-20%) and are, in my opinion in a good position to buy.
We have looked at houses around £100k and TBH we would be scrapping the barrel. The houses would need new kitchen, bathroom ect in order to modernise them.
This is the thing our local housing association have a development of shared ownership properties available in June this year. Basically £65k for a 50% share in a brand new 3 bed semi. Then £42pw in rent. From what I know you can purchase the other 50% in years to come.
So my question is shared ownership. Pro's and Con's? Done it yourself? Anything I should know ect ect
Thanks.