Owning your own home

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Howard in reply to @skidlidsid

Could you expand on that?

The discount you get for forfeiting a room doesn't stack up against the disadvantages; you can't get a lodger in (which is a super great way of buying more equity if SO) and it's harder to sell because there are less people who will consider single bed flats. For example landlords - they aren't a fan.

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skidlidsid in reply to @Howard

OK, interesting. I've heard lodgers are a no-no in SO flats, but suppose it must depend on the HA in question.

Owning a 2-bed outright would be great, but I would certainly have to sacrifice location. Compromises only to be expected when taking the first leap onto the ladder though. :)

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Howard in reply to @skidlidsid

OK, interesting. I've heard lodgers are a no-no in SO flats

Depends on the lease, but even if they are ruled out, it's not enforceable.

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