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Buying a new build with shared equity scheme.

Hi, we are a couple in our late fifties looking to buy a home, we will have about 50k to spend. Would a shared equity scheme be our best option? How do they actually work, who pays what etc.? Thanks.

Asked on Aug 4 2011, Home Finance in Leicester | Report content

Answers (1)

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  • It rather depends on your circumstance such as: Do you have an income? How much will you receive in retirement? What is the price of the property, etc? You MAY be in a position to buy with a standard mortgage but whatever route you take it must continue to be affordable.

    Answered on Aug 18 2011, Report content

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