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Can shared ownership be worth it?

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  • Can shared ownership be worth it?

    Right so, as of last month I have been told that I have to move out of the property within weeks. No reason other than the Land Lord is a bit of a sort and doesn't like me much. I pay rent on time and no issues with neighbours etc. Living in London is tough however as my monthly rent is around £1000 a month (which is more than ridiculous) I can't really afford to be paying more than that at the minute. I'm trying so hard to save for the future and a house. I have looked more and more into the opportunities of shared ownership and had chats with friends whop have gone through similar situations. They agree shared ownership housing is a good and solid move as it means I can spend a percentage on a house and rent a lot cheaper for a really nice house in greater London. Friends have even recommended numerous places to look, but after finding more and more on this ever growing solution to the housing market. There is one place that sticks out to me and that is a website called https://propertybooking.co.uk it is a website dedicated to shared ownership. It is a ll quite interesting how it all works and how it can actually benefit people. Saving for months has given me a chance to actually own my own house through this. I just would like to have other peoples opinion on this, so please let me know.

  • #2
    It all depends on where you are looking, in Croydon, there are many properties available whereas in that are upcoming at the moment there may not be as many yet.
    Shared ownership in Croydon could be just the solution you’re looking for. Part-buy, part-rent your property you will only have to pay a deposit as low as £5000.