Shared Ownership

[jeepers5]

Hi all, not sure if this is the correct area to post, but here goes (sorry mods)

Just wondering about shared ownership, how does it work, and does it always have to be with friends?

I've been renting for years in a cc, have a house out of town, and would not mind buying / sharing ownership in the CC, (as i live here, and pay rent here)..

With the aparent sligtht downturn etc, is now a good time to be thinking about this?

Regards

 

[ClubMan]

Hi all, not sure if this is the correct area to post, but here goes (sorry mods)

Why do you think Location, Location, Location is the correct forum when there's a forum called Affordable Housing and Shared Ownership?

Thread moved...

 

[Suzys1972]

Shared ownership means you share the ownership of the property with the local authority.
i.e. if you can't afford the full price of the home you can purchase 50% of it and pay rent on the other 50% that the council buy on your behalf.

For a more detailed explanation have a look at

www.fingalcoco.ie

they have a brochure online explaining it better.

 

[jeepers5]

Thanks CLUBMAN - Helpfull as ever.

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Suzys1972, cheers, never knew there were such a scheme in place, i thought shared owership was with a friend / sibling etc!!

Will check out if there's somethin similar in my local authority area.

Thanks,