Shared ownership has been abolished in the City but is still available from the County
Thanks for that guys. i cant understand though why you have to take mortgage with the county council though. If you have been approved by a lending institution shouldn it be your choice to go with them you are the one buying the house, seems like a bit of a monopoly to me.
I applied to city for the shared ownership recently and they made an offer of 220k to purchase a house under this scheme but didnt see point as couldn buy much with that amount. After they made this offer i went to the banks that deal with affordable housing and to my surprise gave me pre approval for more.
Thanks for that guys. i cant understand though why you have to take mortgage with the county council though. If you have been approved by a lending institution shouldn it be your choice to go with them you are the one buying the house, seems like a bit of a monopoly to me.
I applied to city for the shared ownership recently and they made an offer of 220k to purchase a house under this scheme but didnt see point as couldn buy much with that amount. After they made this offer i went to the banks that deal with affordable housing and to my surprise gave me pre approval for more.