Saturday, October 29, 2011

Is shared ownership a good idea?

We can only just afford a stake in a two-bed flat

Every week a Guardian Money reader submits a question, and it's up to you to help him or her out ? a selection of the best answers will appear in next Saturday's paper.

This week's question

Any answers? We can (just) afford to buy a 25% stake in a two-bed shared ownership flat that's selling for �330,000. The mortgage and rent bill will be �1,200 a month ? we earn �2,300. I'd love to hear how other readers have got on with shared ownership. Is it a good idea?

What do you think?


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Source: http://www.guardian.co.uk/money/blog/2011/oct/28/shared-ownership-flat

Craig Bellamy Lee Bowyer Weather Annuities Switzerland BBC

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