Shared Ownership and negative equity

[vixter]

Hi, I read somewhere here that AH property owners are protected from negative equity. I bought my apartment in 2005 on the Shared Ownership scheme but it is an affordable property also i.e. market value was 275,000 and I bought it at 200,000. I am just wondering if there is a similar level of protection against negative equity?

Thanks,

 

[adm2006]

I think its to do with the clawback. You dont pay any if you sell the house for less than you paid for it basically.

 

[vixter]

Thanks for that. Can anyone else who has bought on shared ownership but at a discount confirm that this is the case or explain this a bit more?

Thanks, would really appreciate feedback.