Shared ownership

[snook123]

There is a house near me for sale, 3 bedroom terraced up for ?68000 47% shared ownership and they say that I will not pay rent on the other share. Is this a con of some sort? has anyone used such a scheme? I cant believe I can buy a house for 68 grand too good to be true.
This is the advert:
**A fantastic opportunity for first time buyers/growing families** pay 47.14% of market value (with no rent to pay on the remaining balance) to live in this modern 3 bedroom townhouse within this popular village location. Early viewing essential!

[lagerland]

You cant mate but you can have 49% of the house if it sounds to good to be true then it nearly always is ............

[super jumbe]

Shared ownership means for example I build a house and I value at ?300,00 with a 99 years lease you pay 33% + monthly rent after the lease is finish the problem starts???..

[jordigirl]

so u own 49% of the house, what if they seel the other half to someone else, would u have to share the house?

all the scheme's i have seen or heard of like this u pay rent on the other half, as they say if it sounds to good to be true it probably is
try asking all the necessary questions about it 1st?

[nara]

Shared Ownership | Part Buy Part Rent

[Meat-Head]

OFF TOPIC:-

There was a car dealer who sold the francshise and building to a rivel dealer.... but kept the land


2 years later letter in post

"take your building and ~~~~ off our land" no idea of outcome

[patkins]

OFF TOPIC:-

There was a car dealer who sold the francshise and building to a rivel dealer.... but kept the land


2 years later letter in post

"take your building and ~~~~ off our land" no idea of outcome

Should be in the comedy section Meat.