You are reading a single comment by @roboto and its replies. Click here to read the full conversation.
  • Re: Shared Ownership. I'm currently doing this in Leyton. We have 1/3 of our current home (would've liked more, but due to wife's employment status/pregnancy at the time of going for it we didn't have a great choice of options). It was sold to us as a £270k 2 bedroom flat at the time. Some people didn't complete after the we moved in and the flats were revalued and put on the market again with the 1 bedroom properties starting at £290k so on that basis we'd already had a good increase on our properties value within the first two months.

    Fast forward nearly two years and all is fine with it. There have been some issues with the landlord dragging their heels getting communal works done, but if you can spare the time to keep nagging things will get done as expected. We also got a handy £500 rebate on our service charges last year when they worked out how much of the service charge they'd used from residents.

    There are several new developments popping up around the area now and 1 bed starting prices for £280k and £350k for two that I've bothered to look for info at, so I'm pretty confident my part investment in our 2 bedroom place will increase a decent amount by the time we're looking to make our next move.

About

Avatar for roboto @roboto started