{"id":26171,"date":"2016-09-15T16:43:06","date_gmt":"2016-09-15T09:43:06","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/shared-ownership-comes-with-risks-heres-what-to-watch-out-for\/"},"modified":"2016-09-15T16:50:25","modified_gmt":"2016-09-15T09:50:25","slug":"shared-ownership-comes-with-risks-heres-what-to-watch-out-for","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/shared-ownership-comes-with-risks-heres-what-to-watch-out-for\/","title":{"rendered":"Shared ownership comes with risks \u2013 here's what to watch out for"},"content":{"rendered":"


\nShared ownership can work, but the small print can catch people out financially and legally. Here\u2019s what you need to knowWith home ownership now unaffordable for many people on low or middle incomes shared ownership continues to be pushed.Being a cheaper upfront option, it is touted as a way for Generation Rent to move forward. After the deposit, it means paying a mix of mortgage repayments and rent for the remaining price of the property. Continue reading…
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\nSource : theguardian.com
\nRead more…Shared ownership comes with risks \u2013 here’s what to watch out for<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Shared ownership can work, but the small print can catch people out financially and legally....<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-26171","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-6O7","jetpack-related-posts":[{"id":58210,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/buying-my-own-place-was-an-impossible-dream-heres-how-it-came-true\/","url_meta":{"origin":26171,"position":0},"title":"Buying my own place was an impossible dream \u2013 here\u2019s how it came true","date":"June 17, 2017","format":false,"excerpt":"\r Shared ownership? Buying with a friend? Long commute? For Generation Rent, the options aren\u2019t easy, but it can be doneIf someone had told me at the start of last year that I\u2019d be living in \u2013 scratch that \u2013 owning a two-bedroom loft apartment with a suntrap of a\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":34376,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/shared-ownership-only-way-to-buy-or-worst-of-both-worlds-readers-views\/","url_meta":{"origin":26171,"position":1},"title":"Shared ownership: only way to buy or worst of both worlds? – readers' views","date":"November 15, 2016","format":false,"excerpt":"\r Mixing rent and a mortgage gives tenant-owners mixed feelings. Equity gains are welcome, but there are fears about high rents and affordabilityAppetite is growing for shared ownership schemes in areas where many people are priced out of the housing market. But what\u2019s it really like? Readers report mixed feelings\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":129403,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/shared-ownership-a-low-cost-way-to-buy-a-home-but-is-there-a-catch\/","url_meta":{"origin":26171,"position":2},"title":"Shared ownership: a low-cost way to buy a home \u2013 but is there a catch?","date":"September 10, 2022","format":false,"excerpt":"\r It is touted as a cheaper way to get on the property ladder, but there can be drawbacks. We weigh up the pros and consShared ownership is promoted as the low-cost, low-deposit path for first-time buyers to escape the rent trap. But is the part-rent, part-buy model the staircase\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":147134,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/affordable-shared-ownership-homes-cost-residents-more-than-half-their-wages\/","url_meta":{"origin":26171,"position":3},"title":"\u2018Affordable\u2019 shared-ownership homes cost residents more than half their wages","date":"September 22, 2024","format":false,"excerpt":"\r Many people now feel trapped despite major provider\u2019s guidance that mortgage, rent and service charges should not exceed 40% of take-home payResidents who bought shared-ownership properties promoted as \u201caffordable homes\u201d say they now feel trapped because they have to spend more than half of their net salaries on mortgage\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":9190,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/is-shared-ownership-a-vital-first-step-on-the-property-ladder-or-a-slippery-slope\/","url_meta":{"origin":26171,"position":4},"title":"Is shared ownership a vital first step on the property ladder, or a slippery slope?","date":"March 26, 2016","format":false,"excerpt":"\r Shared ownership can be cheap \u2013 but it can also be full of pitfalls. We talk to buyers who admit they have mixed feelings about the schemeIn April, a new era for shared ownership begins, with the government relaxing the rules on eligibility and opening it to anyone with\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":138781,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/should-we-sell-inherited-house-and-staircase-our-shared-ownership-flat-to-100\/","url_meta":{"origin":26171,"position":5},"title":"Should we sell inherited house and staircase our shared-ownership flat to 100%?","date":"August 14, 2023","format":false,"excerpt":"\r Half the profit in former family home, now rented out, would raise enough to buy our home outright but not leave much of a nest eggQ My mother recently died, leaving my sister and me 50% shares in the former family home. The house is currently privately let and\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/26171"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=26171"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/26171\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=26171"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=26171"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=26171"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}