Hi Everyone,
Have received a House Purchase Loan Application from the Co Co today. The scheme I was looking at was the Shared Ownership (definately not Affordable or Social Housing)
On the application form it ask which type of loan you wish to apply for it has a list of options, 1. Private Purchase 2. Affordable... 3. Local Authority. 4. Shared Ownership.
Can anyone advise what Private Purchase would mean through the council? Would this be a better option than Shared Ownership??
Anybody with any info Id really appreciate it as we're hoping to get moving in this a.s.a.p. Also is there a time frame in place for how long it takes to get approval (or not
)
Thanks for your time
xx
Have received a House Purchase Loan Application from the Co Co today. The scheme I was looking at was the Shared Ownership (definately not Affordable or Social Housing)
On the application form it ask which type of loan you wish to apply for it has a list of options, 1. Private Purchase 2. Affordable... 3. Local Authority. 4. Shared Ownership.
Can anyone advise what Private Purchase would mean through the council? Would this be a better option than Shared Ownership??
Anybody with any info Id really appreciate it as we're hoping to get moving in this a.s.a.p. Also is there a time frame in place for how long it takes to get approval (or not
)Thanks for your time
xx