Shared Ownership of property
If a property is for sale for eg: 50,000 with eg a 40% share in ownership - does this mean that you could buy the property out-right for 50,000 or, is it only the 40% you are buying for 50k? Also, do you have to meet certain criteria for shared ownership? We live abroad and thinking of returning to UK in the future but I do not want to get a mortgage, we will be mid 50's by then anyway and in a position to put down 50-60k as deposit. If the rest of our savings could 1. cover the rent or 2. buy the remaining 60%, would this be an option?
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