SHARED OWNERSHIP PITFALLS TO AVOID

[@maaares88]

One very important thing that you haven't mentioned. Despite the name shared ownership you don't own a brick in your property, maybe after you buy 100%(not in all cases though), yet you are financially responsible for any repair or a thing needed to be done or fixing any problems will occur in the future. Like a property owner would be. This scheme should be called "leasehold property scheme".

[@themortgagechic_ca]

Very helpful content , especially for first time homebuyers. In Canada, we have a form of shared ownership where when you sell the property, the Govt / or who ever provided you with the downpayment will receive a percentage of the house appreciation.

[@njulianna]

How would you port a shared ownership mortgage?

[@corina6627]

I want to sell my shared ownership after 28 years and I don’t know where to start

[@itsDareTV]

If you can afford to buy the remaining percentage I would do that before selling, in the grand scheme of things it’s much easier

[@sariaghani5685]

Good effort......thanks

[@sibo8290]

Thank you this has been helpful as I'm looking into buying