Me and my partner are looking to buy our first home.
We cant raise enough deposit that is required to purchase our first home so therefore both living at parents. We have been looking at these part buy schemes, where we take a morgage on for say 75% and the building company pay the other 25%.
All seems good but i'm never any good with the terms and conditions and just wondered if any of you guys knew the pros and cons of them? Heres some examples:http://www.barratthomes.co.uk/campaign/headstart.aspxhttp://www.dwh.co.uk/easystarthttp://www.georgewimpey.co.uk/Homes%20For%20Sale/Shared_Equity_Offer
We are thinking of using the current market to barter with the companies to lower the prices down.
I know some will probably say i'd wait a few more months as prices are falling, but i've been told that every month for a year now and to be honest, there comes a time when you have to have your own space.
Hope you can help :)
Many thanks for your time. I do apprieicate it.