Andrew
Member
Registered: 5th May 04
Location: Skoda Octavia Estate, Ford Puma
User status: Offline
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What schemes are out at the moment. I'm looking at maybe purchasing 50% of the property and then then mortage the other half in 10 years or so.
I've a mortage on one propertly already which i don't want to sell but to rent out to pay for itself. Looking at a bigger place tbh, either a better area or closer to work as the commute is starting to kill me 
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Colin
Member
Registered: 4th Apr 02
User status: Offline
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No comprende 
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AndyKent
Member
Registered: 3rd Sep 05
User status: Offline
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You're unlikely to qualify for a 50% share scheme as your salary is likely to be too high and you already have a property you could live in.
The schemes are meant to help those unlikely to afford anywhere at all.
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Ian
Site Administrator
Registered: 28th Aug 99
Location: Liverpool
User status: Offline
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Plus you'll need lots of equity in the current place to rent it out and not make a loss so I would weigh those figures up first.
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Kerry
Member
Registered: 5th Oct 01
Location: Norwich
User status: Offline
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Go and see an advisor 
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Andrew
Member
Registered: 5th May 04
Location: Skoda Octavia Estate, Ford Puma
User status: Offline
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quote:
Originally posted by Kerry
Go and see an advisor
There's a few customers that we support that i might have a quick word with. Is it me or are mortgage advisers or miserable bastards  Same with recruitment places, although spending three days at a recruitment office made me realise why. Targets, targets, targets.
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Dean_W
Member
Registered: 13th Dec 05
Location: Downham Market, Norfolk
User status: Offline
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quote:
Originally posted by aPk
You're unlikely to qualify for a 50% share scheme as your salary is likely to be too high and you already have a property you could live in.
The schemes are meant to help those unlikely to afford anywhere at all.
I agree.
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