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Is shared ownership a bit of a scam?
Negatives: you have all the problems associated with owning a home but are still paying someone rent. And that someone is a bit thick, and makes your life difficult if / when you come to sell.
Positives: it allows you to 'invest' in a market you otherwise might be shut out from. Your 'landlord' cannot kick you out by not offering you a new contract or selling the place.
Howard
Is shared ownership a bit of a scam? I will be speaking to proper mortgage advisors in due course but it doesn't hurt to hear your wonderful wisdom...
I have about 30% deposit, could probably go up to about 35% but my income on paper sucks... I do earn a respectable average London income, but... this appears to be not good enough, my own bank won't even bat an eyelid on me with my income... not that I would want to go with them for my possible mortgage anyway...