The Budget revealed a Christmas present to first-time buyers with the stamp duty exemption. It seems though that some may be missing out if they are using certain options to buy their homes. This is the case for those using shared ownership as a way to be able to afford their new home. Shared ownership has helped plenty of first time buyers to get on the property ladder, and to get the home that they have always wanted.
Cars & travel
Zafira. Age: 32. The ultimate adult XXX star usually available only for traveling meetings. Services: Sex In Different Positions, Oral, Oral With Condom, Kissing, Kissing With Tounge, Cum On Body, Deep French Kiss, 69 Position, Extra Ball, Erotic Massage, Striptease, Couples, Light S/M, Toys.
Please refresh the page and retry. S hared ownership has been around for 40 years, but it is still hugely misunderstood. In its election manifesto at the end of last year, the Conservative Party pledged to reform the structure of shared ownership , allowing buyers to purchase smaller proportions of their homes. T he structure of shared ownership is complex and can put off potential buyers. The shared part relates to the fact that you co-own a property with a housing association or private developer. You buy a stake usually between 25 per cent and 75 per cent in a property, while paying rent on the remaining share. The idea of paying both rent and a mortgage each month might stick in the craw, but it does allow people to buy a home at a lower entry level than Help to Buy, because your deposit and mortgage will only be on the share you buy.
The Government wants to make it easier for people on the lowest incomes to buy their own homes. Housing Association tenants on the lowest incomes are being given the chance to get onto the property ladder thanks to a new version of the shared ownership scheme. The Government has announced changes to the scheme which should make it easier for first-time buyers to get their own homes. Housing Secretary Robert Jenrick has said that first-time buyers will be allowed to buy a stake of 10 per cent, which will then be upped in 1 pc increments. For more information on shared ownership, head to the official government website. For all the latest shopping news, deals, beauty tips and fashion trends, and the best money-saving tips from our shopping, money-saving and consumer writer Rachel Pugh, who you can follow here. You can also join our Manchester Money-Saving Facebook group here. Video Loading Video Unavailable. Click to play Tap to play. The video will start in 8 Cancel Play now.