Shared ownership - London

Consigliere
Joined
12 Jun 2004
Posts
151,030
Location
SW17
Hello!

Anyone gone via a buying scheme, perhaps LQ? Would you mind sharing your experience and a rough £ calculation?

Just looking to find out if a single guy like myself has been able to get on the ladder this way.

Deposit wise, it would be around £25k and I am in the 50-60k salary bracket currently.

I know it can be a pricier way as you end up paying for the mortgage plus the rent and a service charge but exploring options really.

Be nice please. :o
 
It's doable and I've seen friends buy the full stake after several years. Your biggest lever is to move further afield though.

Or find a partner. Ideally a divorcee with a flat or house of their own :D
 
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