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What does "Offered with a 30% share" mean- is that a good option to buy a first property?

Asked on Oct 30 2010, General in London | Report content

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  • This is part ownership and you are only be offered a 30% stake in the property. Make sure you read up on part-ownership. You do get on the property ladder 'cheap' however you need to make sure your stake is worth the requested value, I am not sure what lending arrangements are like for this and there are down sides- what happens if the other owner(s) default on their mortgage? Definitley an option but make sure you do your research first so you know exactly what the pro's and cons are!!

    Answered on Nov 17 2010, Report content

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