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Corsa Sport » Message Board » Off Day » House Day » 50% share - what is it exactly, and what do you do in the way of a mortgage? » Post Reply
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Dean_W |
posted on 2nd Jan 07 at 12:52 |
It has to be a shared ownership house. It tells you this in the details of the property. | |
CorsaLad |
posted on 2nd Jan 07 at 12:48 |
Can you buy any house under this scheme or does it have to be within a certain estate/development? | |
Dean_W |
posted on 2nd Jan 07 at 12:45 |
Forgot to mention, you can't buy a shared ownership house unless you earn under a certain wage and are not over a certain age. | |
Dean_W |
posted on 2nd Jan 07 at 12:44 |
As said above, the house is split directly 50/50. This is good as you can get a house you couldn't usually afford. | |
MarkM |
posted on 1st Jan 07 at 15:40 |
You mortgage 50% of the house value...so you pay a payment back on that monthly...then you pay rent on the other 50%...so you have another rent payment to make... | |
Welsh Dan |
posted on 1st Jan 07 at 15:21 |
As above. Someone briefly mentioned it to me, but what is it exactly? And how do you organise finances on one? |