Monday, August 16, 2010

How and Where can i find part ownership properties for sale? I'm interested in this, would love to own?

I am in the UK, any information on how this works would be great! Thanks loads!How and Where can i find part ownership properties for sale? I'm interested in this, would love to own?
Hello,


The phrase you are looking for is Shared Equity Home Ownership. These are sponsored by your Local Government. They are more popularly know now as Key Worker Housing. eg. Nurses Teachers, firemen/Women etc. I have posted a link for you that talks about Mortgages but it's a start. E mail me if you need more, I also have some details on Housing Association's that operate the scheme.How and Where can i find part ownership properties for sale? I'm interested in this, would love to own?
Some shared ownership properties are sold through high street estate agencies (but only if the housing association has been unable to sell them within 6 weeks).





Otherwise there are various housing associations all around the country who are involved in shared ownership.





Shared ownership is not cheap - so make sure they tell you the service charges, rent etc up front!





Good luck
i used to part own with a shared ownership scheme with, acton housing,uxbridge road, ealing.





depending on size of income and type of property you need, ie.. they go by a couple=1 bed flat or house. 1 child=2 bed etc you firstly have to be registered in your local concils housing register, (easy a quick phone call) once mortgage is obtained you can purchase 20,40,50 or even 60% of the property and they will charge you rent and a service charge for the remainder. try your local councils website under housing and they should have a list of shared ownership schemes available and tell you what to do. if not let me know and i will dig out my old paperwork for you with mortgage lenders and solicitors that specialise in these schemes. good luck. kerry

No comments:

Post a Comment