Shared Ownership of 92% private mortgage?

"Shared Ownership OR 92% private mortgage"

Buying a house for 165K - I can get Shared Ownership or private mortgage through a mortgage lender and am so confused - don't know what I should do/which is the better option? Am I better off doing it by myself if I can, rather than going through co. council. Any advice or words of wisdom from anyone? Have to let seller know by early next week what's happening, and pay deposit if I'm doing it on my own.

Do it by yourself if you can. Payments will be higher but if you feel secure in your job and positive about your future then take the 92% Mortgage.

Thanks Determined.

I think you're right.

I looked into both options today and got repayments plans etc.......strangely enough, and I don't know or care the reason why, the county council arrangement was going to end up costing me a hell of alot more per month than going through a regular lender?! I'm going through a broker and doing this by myself. I've been trying for 5 years to secure an affordable or Shared Ownership arrangement with local County Council (I'm a Civil Servant, so I'm hoping, although nobody knows anymore, that my job is pretty secure......but I'm still homeless )

I'm getting application and all the documents together over the weekend, to submit early next week and I'm putting deposit down on house on Monday.....wish me luck!

What better Valentines treat to myself....a home!

Oh well done you. It's a liberating and proud feeling to own your own home. I found out I got mine a few weeks before Christmas and it was a nice Christmas pressie for me so understand what you mean. Bizarre though regarding the councils payments being higher !!??!!