Tomorrow I'm going to view a flat. I'm a first time buyer and going to have to use the shared ownership scheme. But it's ahuge step, I can afford it but it'll mean scrimping on some of the stuff I love to do!
2006-10-11 09:53:48 · 14 answers · asked by blondeicehockeyfan 2 in Home & Garden ➔ Other - Home & Garden
You may be scrimping for the first year, but as wages generally go up, and your payments generally stay the same, after a bit it won't seem so hard, and if/when you move, you'll have a bigger deposit to take than if you were doing it from scratch! Go for IT!
2006-10-11 16:58:20 · answer #1 · answered by properdivers 2 · 0⤊ 0⤋
Wait a little while and save like hell. If you can manage to scrimp to save you'll be better placed to buy later (especially when the housing bubble bursts). People are buying well over-priced rubbish in desperation at the moment, it's such a shame when they are repossessed because they were under-prepared, had no savings and PAID TOO MUCH.
Tread carefully my friend......Very carefully.
2006-10-11 17:05:29 · answer #2 · answered by Anonymous · 0⤊ 0⤋
I went on a similar scheme for my first home. Top tips are to buy don't go for something way out of reach, buy as much as you can in the beginning, and buy the rest as soon as you can (pref within the year)
2006-10-11 17:06:46 · answer #3 · answered by Indigo's Mum 2 · 0⤊ 0⤋
go for it! I'm seriously thinking about doing this shared ownership thing as I can't see any other option of getting my own place. And I can't bare to live with my parents for much longer. i've sent away for the application. How hard is it to get started? And are you limited to certain choices of homes? Please email me to let me know how u get on.
2006-10-11 17:07:04 · answer #4 · answered by wave 5 · 0⤊ 0⤋
Go for it - you will be starting on the property ladder and it is said the first step is always the hardest - but you will soon discover it will all be well worth it.
Good Luck.
2006-10-11 16:58:00 · answer #5 · answered by Anonymous · 0⤊ 0⤋
Better to be a owner of something then a renter of nothing.....you can always sell your intrest if things become too burdensome for you. I would tell you to "go for it"
Good Luck.
2006-10-11 17:07:04 · answer #6 · answered by sportlvr45 4 · 0⤊ 0⤋
go fo it, i'm on shared-ownership aswell have been for 11 years
2006-10-11 16:58:50 · answer #7 · answered by timone 5 · 0⤊ 0⤋
yes
2006-10-11 22:32:55 · answer #8 · answered by artcherman 3 · 0⤊ 0⤋
Please think a lot about it.. consider ALL angles.. That business of a shared ownership scares me.. that is. .... it would scare me to death...
2006-10-11 17:23:53 · answer #9 · answered by Anonymous · 0⤊ 0⤋
SHARED OWNERSHIP??? SOUNDS LIKE TIME SHARE!
NOOOOOOO!
2006-10-11 17:32:02 · answer #10 · answered by Bonno 6 · 0⤊ 0⤋