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Hi everyone, I am in the process of purchasing 25% of a shared ownership flat and 2 of my mortgages applications (barclays and halifax) have now been declined for the same reasons : "they won't lend on the property as its an investment-led development property - It appears lenders are not liking the property due to the surrounding of the property and the development appears to be aimed at investors" Could someone explain to me why is this a problem for the lenders? surely that will not affect my capacity to repay my mortgage, and being a shared ownership, i would have thought the "small" amount = low risk for them? I am starting to wonder - if i eventually find a lender - am i shooting myself in the foot? the plan is to live there a few years and then resale, does this mean i will potentially struggle ? Thanks for your help in advance LDi

Hello, Im currently on shared ownership and own 25% share of my property. Ive saved up some money and im keen to start my buy to let journey. My question is, am i allowed to own a buy to let property while im still on shared ownership? Do i have to ask the housing association permission for this? Many thanks

Hi - I'm a researcher and we're looking into challenges that arise when multiple people invest in a property, and the potential for a tool that tracks their financial contributions.Our survey only takes a few minutes to complete, and you can be entered into a draw to win a £50 Amazon voucher. This is part of a project supported by the Paul Hamlyn Foundation.https://maryrhome.typeform.com/to/QxvdnbMZ

Hi, I'm currently seperating from my partner of 25 years. He is planning to buy me out of the family home (which he owns and I invested my money in) and I'm planning to buy a 25% share of a shared ownership house with cash (so no mortgage). I then need to pay the rent on the remaining 75% and obviously general bill's etc... What I'd like to know though, is if anyone else has done this without being employed (I have MS), using benefits to support themselves and pay their rent? I've never applied for benefits before (with the exception of PIP that I've received for the last 5 years, and will be on-going), as my partner has always supported our family, whilst I've been the homemaker and taken care of our 12 year old daughter, school runs, housework, gardening, etc. I would be hugely grateful for any advise as I really dont know where to start. It's very difficult completing applications for a house of my own when they obviously want details of my income, yet I can't give them this as I simply don't know until I've actually got a place to go and begin claiming???? CAB advice says I'll be entitled to everything because of my health problems and the fact I have a daughter to take care of, but I could really do with some advice from maybe a financial adviser regarding the whole shared ownership thing... the impression I get is that the developer would bite my hand off as I'd be paying CASH as no mortgage lender would have a stake in my home too and I've obviously only got to find the money for rent and not rent AND a mortgage, making me a more desirable buyer. Ahhhhh!!!!! Help!!!!

Hello So we currently live in South East in a Shared Ownership property owning 30% on £360k house. We have just come out of a 2 year fix rate to go onto a tracker(terrible rate as FTB so remortgaged - valued not changed so able to remortgage on £360k.) The reason for a tracker is that we are looking to staircase in January to increase to 45% once we have our finances in order. Once we have this we are looking to get a fix for 2 years then we will have saved enough to purchase a house in our own name of around the same value. However, listening to many podcasts and from research I am unsure about the 18 year property cycle as it falls around this timeframe of when we go to sell and buy. My question is to you.... I am not sure whether to invest the money to get more ownership in the house to get it to 45% but then be exposed to property price movements in the next couple years or save the money and stay on 30% ownership for a couple years. This way, the money won't be eroded - as much - if the market falls. If we move onto 45% ownership our payments in total (including rent and mortgage) will be practically the same. Your opinion on this would be much appreciated.

I'm a housing association tenant of a property valued at 157,000. Great location but ongoing damp damage. I lived in the address for nearly 8 years. Now told I can't access the Social Home Buy schemes as its been changed. So no discount or share option available. Has anyone else come against these recent restrictions? I don't know if its guidelines or the rule.

Hey all! I have a situation where I would like to invest into a property before I leave the country for work (I am still able to manage things). I am 30 and new to this but have done research. The only issue is I won't raise enough capital for the areas I want around Manchester. I was hoping you can direct me to a place where I can find reliable investors to do a joint buy to let with me while I build my way up. Thanks

I'm living in London and have been told to find a new place and fast. As I'm struggling to find a suitable house/apartment to move into I need some help with this. Is things such as shared ownership a good idea? I have looked more and more into the idea and it seems to be something of interest. From talking to multiple people and housing people I have come across the idea of this shared ownership. One friend even recommended places to look such as this website https://propertybooking.co.uk as they do all of that stuff. I am someone to want things done easily, can not be fussed with lengthy and dragged out process' to find out I can't afford the high rent (especially in London). I just would like some help, and know not all of my money is wasted. As I am not the richest person in the world.

Hi My question is-is it possible to sell 50% of my purpose built leaseheld flat? I would like to explore the possibility of selling 50% of the flat..has anyone got experience with this? I talked to a solicitor who claims he can set up the paperwork and I've also received an offer from an interested party. The deal I propose is that I sell 50% of the deed to a second party then the rent is split between 50/50 between both of us. At the point of sale the funds are again split 50/50 and the costs (solicitor,EPC ect) again are split 50/50. The main area I'm unclear on is what is the situation in the case that one party wants to sell and the other doesn't? also what happens in the event of the property going into foreclosure? I also have a mortgage on the property so I assume I'd need to inform the mortgage company of the new situation and may meet opposition from them. my current mortgage amount is £125,000 the current market value is £220,000 proposed 50% sell off price £110,000 I'd appreciate any advice thanks in advance.

Hi My question is-is it possible to sell 50% of my purpose built leaseheld flat? I would like to explore the possibility of selling 50% of the flat..has anyone got experience with this? I talked to a solicitor who claims he can set up the paperwork and I've also received an offer from an interested party. The deal I propose is that I sell 50% of the deed to a second party then the rent is split between 50/50 between both of us. At the point of sale the funds are again split 50/50 and the costs (solicitor,EPC ect) again are split 50/50. The main area I'm unclear on is what is the situation in the case that one party wants to sell and the other doesn't? also what happens in the event of the property going into foreclosure? I also have a mortgage on the property so I assume I'd need to inform the mortgage company of the new situation and may meet opposition from them. my current mortgage amount is £125,000 the current market value is £220,000 proposed 50% sell off price £110,000 I'd appreciate any advice thanks in advance.

I currently own an apartment in Manchester with my friend – we are looking to part ways financially. I’m not sure whether to buy her out or invest my money elsewhere on an entirely new property? The flat I currently own was bought for £110,500 with a 10% deposit. It has been rented out for 6 years on buy to let. Its is now valued at around £85,000. I have seen a few new developments in the Greater Manchester area 1 bed flats in student areas for £65,000. Would you be able to assist me in advising what best to do? Or to guide me at all in my decision - keep the current undervalued flat in a hope that it will increase or buy a new property with hope that that will increase too but has a lesser mortgage and still good rental potential in a student/young professional area?