As I've stated in another thread, my wife and myself live in a Shared Ownership property in Warwick. We bought a 50% share in a house.
Shared Ownership is great in that it lets you get onto the property ladder - the house we're in was valued at 140K and there's no way we could afford that on WCC wages!
Banks would not lend us that kind of money, however, every month we pay out as if we had got a mortgage for that amount.
We pay our 50% mortgage share and then we have to pay rent to Orbit for the other 50% share. So, we pay out loads...but on the flipside, we'd still be renting. So, all in all, it's a great idea. Just remember that it'll cost you!
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