Help To Buy - Shared Ownership - the pros and cons

#helptobuy #sharedownership #ukproperty
The UK Help To Buy 3 part series!
Help to Buy Equity Loan • Help To Buy - Equity L...
Help to Buy ISA • Help To Buy - ISA - wh...
Help to Buy Shared Ownership • Help To Buy - Shared O...
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Welcome to Property Couple UK! We are Lia and AK, or Achillea, or Ach. Everyone gets his name wrong.. so sometimes we just use his middle name which is James to save people the effort of pronouncing!
We started the Property Couple TH-cam channel to document our journey as first time buyers and first time landlords. Expect weekly vlog updates, finance videos, our experiences with coaches and mentors, first time buyer mortgages, buy to let, refurbishing, financing options, money tips and also a bit of light hearted fun. We wanted to make property accessible and understandable by sharing our own experiences. Make sure to click subscribe and enable all notifications to be notified when we upload a video!

[@michaelmullard4292]

Wow. That’s an interesting concept. You’d have to weigh the benefits against the added fees, like attorney fees, property inspection, government fees etc. It might be worth it in a high demand area like London. I would proceed with some caution with this idea. I don’t know if we have this here in the US or not.

[@marlamarla5558]

Fantastic information!
You really did your research

[@PropertyCouple]

Thank you!

[@yassinfehmi1700]

Thanks for the tips

[@SelfInvested]

Great video! Well explained!
The only thing I would add is that the rent for the share of the property you don’t own is subsidised, so it can work out cheaper than renting privately

[@PropertyCouple]

Good point!

[@beverlydust5381]

I found the video informative about Property's while I am not in the market to buy I find the information interesting with the different types of ways to buy, that are different from the house buying rules in America.

[@ShariGetsIt]

At the end when you mentioned the drawbacks of selling the house, did you mean as a full or partial owner?
Ps. Found the video overall super informative and helpful 😊

[@vivianmensah1882]

There are freehold shared ownerships yiy can buy house on shared ownership...great video

[@jaderichards7859]

random but...love your ice-cream pic. Where did you get it from?

[@jayeff15]

its interesting that brits use "scheme" as a word for a program of sorts like "right to buy scheme", in the us the word has a negative connotation meaning shady sort of like a comspiracy

[@PropertyCouple]

That's an interesting take on it! x

[@sircarl56]

Never, never, NEVER, buy a leasehold property. The property will not go up in value as much as one fully owned, and will also become worth less the closer to freehold lease expiration. Some freeholds last for hundreds of years, but the contract will continually squeeze more money out of you as time goes by. The unlucky owners who see the freehold expire may see a new contract with outrageous, unaffordable, terms, making your property almost worthless (un-sellable at any price). This has happened in New York recently. My home state outlawed freehold sales years ago.

[@KatieScoot11]

I don’t think any of the government housing that is offered for people to live in here in the US can be owned or partially owned by anyone other than the government. But I don’t know that for sure. I know we have housing that you can live in that the government helps pay some of your monthly rent (subsidized housing). Very interesting concept but like you said it can be tricky when it’s time to sell. Seems like the government always has their thumb on you.

[@TechnoJourney805]

I have 2 questions . the first question is when you can resell the house? There is any minimum period of time or any time you can sell it ? Last question is, what's the way to buy the new house with some help from the goverment ?

[@sircarl56]

Correction: My state outlawed leaseholds (ground rent) for houses years ago.

[@LeoTheShortGuy]

Fun

[@Blackfeet]

if i have the full amount of the 25% do i need to take out a mortgage with shared ownership?

[@PropertyCouple]

Yes otherwise how will you purchase the house?

[@victorseantech]

80 k salary’s ??? If 90% in Uk have that anual salary not need share house buy 100% .