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a) get a 2 bedroom (I rented my spare room out at first, and no I didn't tell the landlord or the bank. He paid me in furniture and appliances)
Possible, given generous gift from parents.
b) you can get a better flat in a better area than you could buying outright,
Absolutely - I wouldn't go for it if I could buy outright in the same area in a year or two.
c) you can afford to staircase to 100% as quickly as possible
Not sure. Depends on how this career lark goes...
All good points, thanks. It's good to get input from people who've done it.
skidlidsid
I was in shared ownership for nearly 20 years and normally I'd say steer clear, but a year after I sold the place (which was an absolute nightmare due to the staggering incompetence and indolence of the HA) I'd say it's worth a look if (and only if) you can a) get a 2 bedroom (I rented my spare room out at first, and no I didn't tell the landlord or the bank. He paid me in furniture and appliances) b) you can get a better flat in a better area than you could buying outright, and c) you can afford to staircase to 100% as quickly as possible. Owning it outright and having a much less restrictive lease (and more security too) is the only way to sell it and be free of all the HA bullshit.
Given Brexit it is entirely possible you could be in a falling market which makes staircasing more feasible. However, it also makes waiting it out and buying something cheaper in the first place possible.