Shared Ownership - The Absolute Truth 2016 | Seite 2

Shared Ownership: The
Absolute Truth
Are you looking to buy a property and
realising how difficult it is to find something
that you want, in an area you like at a price
you can afford? If so, then read on. This is
a frustrating situation that more of us are
finding ourselves in, particularly first time
buyers. Shared ownership is one of the
options that might work for you, but it isn’t
the only option and this booklet aims to
help you understand what your options are.
1. You could rent somewhere, in an area
you want to live, but in reality your monthly
costs are probably going to be just as high
as buying and there are likely to be other
compromises you have to make.
2. You could look more widely and buy
a home in a cheaper area. This might
be the solution for you but it won’t be
suitable for everyone. Once you’ve taken
into account your commute, where your
friends are, child care commitments
or simply the lifestyle you want, the
compromise may be too great!
3. You could consider shared ownership as
a realistic option with new homes being
built all over London and the UK, but it
sounds a bit confusing and you may have
heard some mixed reviews so it is hard to
know if this is the right option for you.
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