I'm looking at a shared ownership property, and I am so confused about how it all works!
All I know so far is I have to earn over £20k but under £36k. I have to not own a home. So far so good!
But how does it work? Do I just get a mortgage for the value of the % for sale? And then how do I buy the rest, eventually? Save up actual cash? Take a bigger/second/re mortgage?
Also any help with HOW to get a mortgage would Venice - do I just go to the bank and ask?! Do I make an appointment?
Oh god so lost. I've always rented!
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Someone explain shared ownership (Scotland)
4 replies
DSM · 03/10/2013 20:48
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