Found 20th Jan 2010
does it just mean i own almost half of it and have to pay the rest rent?
is it possible to buy the other half in time somtimes ?
[email protected] one-
austinwyatt.co.uk/con…736

any ideas whether it means u pay half the yearly bills?
and is there usaully a set rent when u buy the shared ownership?
thanks

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12 Comments

Banned

you could phone and ask, im sure diffewrent places have different ideas on who pays what

Original Poster

sassie;7603383

you could phone and ask



i know,sent them an email:thumbsup:

now i know where you might be living... muhahhahahaa

Nice lil flat tho, not sure about that flagpole ship sail thing outside tho..

yes u own a percent and u pay a reduced rent on the part you dont own and you have the option to buy more of the flat as time goes by :thumbsup:

Banned

well its pretty cheap, but remember your 40% will be mortgages and the other 60% you will pay rent to. plus all bills and think the upkeep is usually down to you, dependant on who you go with i suppose

Original Poster

ViperKeith;7603422

yes u own a percent and u pay a reduced rent on the part you dont own and … yes u own a percent and u pay a reduced rent on the part you dont own and you have the option to buy more of the flat as time goes by :thumbsup:


really?
so i could ask if they want to sell it all now?
rents overpriced on property value round here:whistling:

Original Poster

sassie;7603431

well its pretty cheap, but remember your 40% will be mortgages and the … well its pretty cheap, but remember your 40% will be mortgages and the other 60% you will pay rent to. plus all bills and think the upkeep is usually down to you, dependant on who you go with i suppose



allready have 20k :roll:
am thinking about it :thumbsup:

Banned

JACKIT99;7603465

really?so i could ask if they want to sell it all now?rents overpriced on … really?so i could ask if they want to sell it all now?rents overpriced on property value round here:whistling:



no, it doesnt work like that, you have a pretty good deposit there, if this is one of them schemes where its cheap housing, whatever its called, i dont think they have to sell it all

Original Poster

Tanchi;7603413

now i know where you might be living... muhahhahahaaNice lil flat tho, … now i know where you might be living... muhahhahahaaNice lil flat tho, not sure about that flagpole ship sail thing outside tho..


haha if if i get it you can come over for tea and biscuits
u mean the spinnaker tower:?:


spinnakertower.co.uk/
:thumbsup:

JACKIT99;7603465

really?so i could ask if they want to sell it all now?rents overpriced on … really?so i could ask if they want to sell it all now?rents overpriced on property value round here:whistling:



u can ask them but i dout it they make money from the rent they charge u need to be in the scheme i think for 3 years before u have the option to buy more but every company is different.

Hi

Looking at this they value the [email protected]£62500.00
40%=£25000.00
Ok thats todays price
In say 5 years the flat has doubled in value to £125000.00
To buy the 60% they own you will need £75000.00.
Thats the down side.
Also you need to pay for all repairs inside and outside.
And building maintenance £50.00/£100.00 a month so take a long hard look.
Buy as much of the flat as you can at the outset.

Original Poster

bigwheels;7603916

HiLooking at this they value the [email protected]£62500.0040%=£25000.00Ok thats t … HiLooking at this they value the [email protected]£62500.0040%=£25000.00Ok thats todays priceIn say 5 years the flat has doubled in value to £125000.00To buy the 60% they own you will need £75000.00.Thats the down side.Also you need to pay for all repairs inside and outside.And building maintenance £50.00/£100.00 a month so take a long hard look.Buy as much of the flat as you can at the outset.



thanks for that:thumbsup:
yeer will try and get it all now
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