Why everyone are so obssesed to stairecase shared ownership? Just keep your 25%, don't buy more, do your savings and when you're ready to move on, just sell your percentage leave the scheme and buy your house somewhere else 🤷♂️
This is why you are the best channel out there, you’ve shown both sides. Even though I’m against shared ownership, it’s nice to see some people have been able to benefit, I still firmly believe the power is not in the home owners hands.
That’s very kind, thank you! ☺️ I think there are people that are set on using the scheme, so I thought it would be worthwhile hearing from someone that made it work for them so they can share some tips!
Finally a positive shared ownership story! I’ve only watched three positive shared ownership videos on YT- hopefully there are more people out there with positive experiences. Great content! 👍🏾
Not a positive story fir me. £800 extra is basically another mortgage for the redst of your life. And she couldnt sell it on as no one would buy with an ever increasing service charge like that.
Her experience it's hard to be added to a balance overview of shared ownership becouse she was extremely lucky that fisrt she got the flat for 165k she actually should pay 180k and then 2012 the price of the property didn't increase much
Excelllent interview. So much to learn. I’m currently in the process of buying a 2 bed apartment on shared ownership so it was definitely an eye opener!
Make sure you do as much research as you can, ask your solicitor and housing association questions when you’re unsure of anything, and get everything in writing - very important! All the best with your purchase!
So true , thank you sooo much. I love your videos on shared ownership and have watched them all lol . Yep ,definitely did due diligence with the shared ownership, as I asked the previous owners for a record of 5years of rent and service charge so that I could get a forecast to see if the they rose abruptly in the previous years. (Even made an excel graph and everything haha) . Like lovely Caroline, I am doing a resale coincidently too! Overall, I do think it’s a good scheme if you know what you’re doing, don’t have a lot of money and go into with your eyes open- basically me! Shared ownership gets a bad rep and it’s understandable. But, as with everything , you will find horror stories in every aspect of life and there is a risk with everything but it’s important to make calculated risk , and live your best life.
@@Mzkandy94 Great to hear you’re doing your homework and found the videos useful! I definitely see how the scheme can work for people, but it’s important as you said to do your research and see if it’s right for you. You definitely sound like you know what you’re doing!!
Another great and informative video. For Caroline it sounds as though the stars where aligned that put luck was on her side. But it also helps to use your intelligence as Caroline did. Well done her!
I'm SOOO glad I watched this because there is so much negative noise about shared ownership but having watched this I am certain that I have made the right decision for my situation. I am lucky that I am buying outside London with a London Salary and in the last few months I have managed to increase my income by about 30% and I am planning on maximizing on my earnings. I will also be losing a substantial expense in nursery fees when my daughter gets into school and am planning on overpaying my mortgage to gain more equity on my flat. Pretty much the 3 pieces of advice she has given are what I was planning, I would be happy to keep you up to date with how things are going for me. Its unlikely that i will be able to staircase up to 100% but certainly I will try :-)
I’m glad you enjoyed the video :) The scheme does work for people. I think the important thing is that people do their research and have a plan for how they’ll use it before getting into it
Such a great interview, thank you a chat with such good vibes and balanced opinions, great to hear about a positive shared ownership experience in the midst of hearing a lot of scary stories, and lots of great tips!
You are very welcome! Thank you for watching :) Generally, I think you are more likely to hear when people are unhappy with something, than when they are satisfied with it. However, the fact that so many people are dissatisfied with the scheme, tells me that you need to be careful with it
Thank you this was very insightful and helped me a lot on my own shared ownership journey, I’m in London but will definitely be buying up north of England, my plan is to use shared ownership as a starter home then sell up to buy the house I really want. I doubt I would staircase unless I really love the house & I can see myself maybe retire there but I want to have the opportunity of seeing other houses and whilst I’m living there to see other opportunities.
Well it’s great to hear that it worked out for her. And to see that a 100% ownership can happen with the scheme. But it’s still seems so venerable as a scheme for me.
Yeah, she had a few things go in her favour: house prices not increasing by much, increase in salary and a lodger that helped her save money for a deposit...
I hope your channel grows even more. Thanks for all that info. You were God sent. I have been eyeing getting into to shared ownership but now I am slowly changing my mind. It seems that it has a lot of hassle involved. Glad it worked for Caroline ❤️
Thank you Daniela 🙏🏿 The scheme does work for people, so it’s important to do some number crunching, consider all your options and get professional advice if required. I think the mistake people make is that they go into the scheme without fully understanding it...
Hi, I'm a shared ownership holder and thinking about staircasing to 100% or selling. I wanted to ask a few questions that you may know or picked up from caroline. 1. If I staircase to 100%, own the property and rent it out, am i right in thinking that I still pay service charges each month, that can obviolsy go up annually, as there is no cap on it. And I still have to pay for any major works that need to be done to the building? 2. If the above is right, what advantages, if any, is there for me to staircase to 100% because it would be hard to me to sell on if I want to at some point? 3. If I staircase to 100% to keep living there or rent it out, if people in the building move out and I'm the only leaseholder when major works happen, will be responsible for the entire charge. For example, they do £100,000 worth of upgrades and I'm the only leaseholder in the block - do I have to pay the £100,000 by myself? Thank you. Maybe it's worth to do a video on this or please feel free to reply to this directly.
Great video as always👌🏽. It would be great to hear your thoughts and/or have an interview with someone who simply used 25% shared ownership as a stepping stone to get on the property ladder, without any intention on increasing ownership. I think you had a previous video about this but was based on much higher ownership percentage. I wonder if it is worthwhile or not worth the hassle.
I am planning to do it probably… with 50% share. The reasoning is the rent is always 2,75% of market value. Yes, the market value of the rest of the share increases so the absolute rent will increase, but it will be still 2,75%. Now, if I had cash to buy out the remaining share - would I invest it in the stock market with 8% yield or into my remaining share which will yield 2,75% plus yearly appreciation of that share about 2-3% (8% is the average yield on stocks for the last decade but! Past Performance Is Not Indicative Of Future Results)
@@SelfInvested I am in the process of purchasing 25% and I don't intend to staircase up to 100% as I am unlikely to do that due to the value of the property....
I am so happy you are here on youtube, sometimes the process of getting into homeownership feels like a big secret. find out when you get here. I knew there was something fishy about it, with regards to how one sells half a flat and maintaining the flat and free holds. too good to be all true.
Welcome! Thanks for watching! This scheme especially is not very transparent, and everyone in the home buying industry wants to make money from you... It can be very difficult!
Thanks, Wendy! I have quite a few videos on Shared Ownership, interviews, playlist: ua-cam.com/play/PLUG_SDz9gLQKqInQrRbCC21S4pZpp4JrN.html and breakdowns, playlist: ua-cam.com/play/PLUG_SDz9gLQI3lKk_GIxi9Kgn_GeCaDDp.html Hope you find them helpful as well :)
She was luck that her salary increased by £15k and due to the recession the property value didn’t increase. If the recession didn’t take place and at the rate property prices were increasing, she would have never been able to staircase even with her salary increase - She probably would have been priced out. Well done to her though 👏🏾
Hi there thank you so much for your video! We are currently renting a house from a Housing Association under the 'rent-to-buy' scheme. After three years, we have the obligation to purchase a percentage of the property, with a minimum share of 30%. Any suggestions on this process? Would you recommend a broker or solicitor in this process? TIA
Do you need to have an AML (Anti Money Laundering check) to proof your source of funds at all in order to rent and eventually buy a shared ownership property?
Can a skilled worker Visa holder benefit from the shared ownership scheme? Or is it considered as public funds? Your response would be appreciated. Thank you
Really interesting to hear about shared ownership from another perspective! It’s just a shame because her experience seems like a very unique one and considering all the changes since then; an unlikely one also. And random question, i noticed that you always wear that orange T-shirt in your videos is that apart of your branding ?
Haha! Thank you for watching :) I think the t-shirt has become a bit of a uniform. I liked the look of it in a video I made and thought I’d just continue using it... Do you like it?
Yes, I wouldn’t suggest doing it without getting the required permission and think I make that clear in the video. I think in her defence, she did seek permission but didn’t receive a response…
wow, so what am learning is if you are going to get shared ownership, buy a smaller percentage, find an older property with a two bed, outside of London, keep a close eye on the freehold and have a lawyer to guide you. NO NEW BUILDS.
From experience Yes Buy an Older Property eg Victorian Conversion or a house as service charges are typically lower if a flat buy a smaller development sandwiched in between row of houses the more scarcity the better for demand and capital appreciation. Get your solicitor or conveyancer to fine comb the lease agreement, terms and conditions of your rights etc. Also Do a hard due diligence or research on the Freeholder, or Housing association. Great content as always!
@@Bfreemen2529 Thank you, Ben! Great contribution! I’ll add to what you’ve said and say make sure you read the lease agreement as well and question anything you’re unsure about!
@@SelfInvested because i imagine most shared ownership sales are to single individuals who's life can change to getting married and having a baby and needing to move out of the property to a new home and it seems to sell shared ownership where you own 25% is easier than trying to sell when you own 75% because the price of the flat never matches the true value of the flat. e.g. what happened to the other woman you interviewed who bought a property in CHIGWELL with a 2-bed new build and owned 75%, not one could buy the flat at the price it was valued.
@@SelfInvested Yes my salary is higher than average and I can map out my salary rises quite easily since my company is transparent about that. Thank you for your advice! Logically it sounded okay to me to get a shared ownership property if it's cheap enough at full value. But I just wanted a sanity check to make sure I'm not being stupid
You see a similar thing with renters, who have a 10% deposit, but can’t borrow enough to buy, even though the repayments would be lower than the rent they pay. It does seem unfair…
Hey Joshua! Possibly. I remember thinking at the time things didn’t quite add up, but I don’t think she was hiding anything. It’s probably that she couldn’t fully remember. From what she said she was able to save a lot bcoz she had a lodger and was able to afford a bigger mortgage bcoz she got a better paying job.
As great a story as this is unfortunately it is an extremely small percentage of people who have been able to staircases and make shared ownership work for them. I think it was in fact mentioned in one of your videos it is less than 2% which is relatively very low number. As far as I am concerned it is the worst scam of housing association and as someone who has fallen into this trap I would genuinely advice against it. Caroline had a lot of things work out bin her favour such as property price remaining the same and also an increase in salary which is greatly helpful and very rare for people who are on low income. This scheme is only good for the housing association and the freeholders as they make a lot of money from basically tying people to a long lease without putting any money or effort in for the money received. Please please avoid shared ownership it does not help you get on the housing ladder and will lock you into a worthless home which you are fully responsible for but not fully own Especially now with the cladding scandal.
I agree that shared owners being able to staircase to 100% is rare, and Caroline did have a lot of things go in her favour. I think everyone has to make their own decisions based on their personal situation, but I also agree the scheme is unfair, and is a gravy train for housing associations. Thank you for sharing!
Thanks for interviewing me. I loved sharing my perspective. Superb channel Lemuel 👍🏾
My pleasure! Thank you for agreeing to talk with me and share your experience. I have no doubt it will valuable to many!! 🙏🏿
Why everyone are so obssesed to stairecase shared ownership? Just keep your 25%, don't buy more, do your savings and when you're ready to move on, just sell your percentage leave the scheme and buy your house somewhere else 🤷♂️
😂😂😂this comment made me laugh. Facts though
💯
This is my plan I’m only buying 10 percent as my private rent has gone up it’s so much cheaper
@@themodernhomemaker800😅😅😅😅
I just watched a testimony of someone who staircases to 💯. I do believe every case it’s unique.
This is why you are the best channel out there, you’ve shown both sides. Even though I’m against shared ownership, it’s nice to see some people have been able to benefit, I still firmly believe the power is not in the home owners hands.
That’s very kind, thank you! ☺️ I think there are people that are set on using the scheme, so I thought it would be worthwhile hearing from someone that made it work for them so they can share some tips!
Finally a positive shared ownership story! I’ve only watched three positive shared ownership videos on YT- hopefully there are more people out there with positive experiences. Great content! 👍🏾
Thank you! 👍🏿 Yes, I’ll definitely try to bring them on if I feel they will have something helpful to share!
Not a positive story fir me. £800 extra is basically another mortgage for the redst of your life. And she couldnt sell it on as no one would buy with an
ever increasing service charge like that.
@@kadedah2077 exactly people need to listen to the figures
Great to have this perspective - thank you for offering such a balanced and thorough overview of Shared Ownership : )
You’re welcome! I thought it would be useful to show both sides...
Her experience it's hard to be added to a balance overview of shared ownership becouse she was extremely lucky that fisrt she got the flat for 165k she actually should pay 180k and then 2012 the price of the property didn't increase much
@@yoanamiteva7082 I think you make a valid point!
Excelllent interview. So much to learn. I’m currently in the process of buying a 2 bed apartment on shared ownership so it was definitely an eye opener!
Make sure you do as much research as you can, ask your solicitor and housing association questions when you’re unsure of anything, and get everything in writing - very important! All the best with your purchase!
So true , thank you sooo much. I love your videos on shared ownership and have watched them all lol . Yep ,definitely did due diligence with the shared ownership, as I asked the previous owners for a record of 5years of rent and service charge so that I could get a forecast to see if the they rose abruptly in the previous years. (Even made an excel graph and everything haha) .
Like lovely Caroline, I am doing a resale coincidently too!
Overall, I do think it’s a good scheme if you know what you’re doing, don’t have a lot of money and go into with your eyes open- basically me!
Shared ownership gets a bad rep and it’s understandable. But, as with everything , you will find horror stories in every aspect of life and there is a risk with everything but it’s important to make calculated risk , and live your best life.
@@Mzkandy94 Great to hear you’re doing your homework and found the videos useful! I definitely see how the scheme can work for people, but it’s important as you said to do your research and see if it’s right for you. You definitely sound like you know what you’re doing!!
Another great and informative video. For Caroline it sounds as though the stars where aligned that put luck was on her side. But it also helps to use your intelligence as Caroline did. Well done her!
Thank you! Yes, she did really well. The stars aligned and was in a good position with the new salary and lodger to take advantage!
I'm SOOO glad I watched this because there is so much negative noise about shared ownership but having watched this I am certain that I have made the right decision for my situation.
I am lucky that I am buying outside London with a London Salary and in the last few months I have managed to increase my income by about 30% and I am planning on maximizing on my earnings. I will also be losing a substantial expense in nursery fees when my daughter gets into school and am planning on overpaying my mortgage to gain more equity on my flat.
Pretty much the 3 pieces of advice she has given are what I was planning, I would be happy to keep you up to date with how things are going for me. Its unlikely that i will be able to staircase up to 100% but certainly I will try :-)
I’m glad you enjoyed the video :)
The scheme does work for people. I think the important thing is that people do their research and have a plan for how they’ll use it before getting into it
Such a great interview, thank you a chat with such good vibes and balanced opinions, great to hear about a positive shared ownership experience in the midst of hearing a lot of scary stories, and lots of great tips!
You are very welcome! Thank you for watching :)
Generally, I think you are more likely to hear when people are unhappy with something, than when they are satisfied with it. However, the fact that so many people are dissatisfied with the scheme, tells me that you need to be careful with it
Well done, Caroline!!!!
She had a bit of luck and a loose plan, but made it work! I think she had some good tips for prospective shared owners as well!
Thank you!
Thank you this was very insightful and helped me a lot on my own shared ownership journey, I’m in London but will definitely be buying up north of England, my plan is to use shared ownership as a starter home then sell up to buy the house I really want. I doubt I would staircase unless I really love the house & I can see myself maybe retire there but I want to have the opportunity of seeing other houses and whilst I’m living there to see other opportunities.
I think the salary from 30k to 45k is a big help, thus it works for her. Not everyone can do that or goal almost impossible to reach.
Yes, it can be. The property price not increasing greatly also helps!
@Harvey Matthew I think you’re right :/
Great video. A great idea would be to staircase using a side hustle.
Thank you for watching! Yes, I definitely support the idea of having a side hustle. Having a lodger, though, is a lot more passive!
Very interesting content. Looking forward to more current positive Shared Ownership stories 👍🏽
Thank you for watching 🙏🏿Glad you found it interesting! I’ll definitely do more!
Great video, the nuggets of info you gave on changes in lease lengths in future; and tax laws is very helpful.
Glad it was helpful, but please make sure to seek professional advice based on your specific circumstances! Thank you for watching!
Well it’s great to hear that it worked out for her. And to see that a 100% ownership can happen with the scheme. But it’s still seems so venerable as a scheme for me.
Yeah, she had a few things go in her favour: house prices not increasing by much, increase in salary and a lodger that helped her save money for a deposit...
I hope your channel grows even more. Thanks for all that info. You were God sent. I have been eyeing getting into to shared ownership but now I am slowly changing my mind. It seems that it has a lot of hassle involved. Glad it worked for Caroline ❤️
Thank you Daniela 🙏🏿 The scheme does work for people, so it’s important to do some number crunching, consider all your options and get professional advice if required. I think the mistake people make is that they go into the scheme without fully understanding it...
Hi, I'm a shared ownership holder and thinking about staircasing to 100% or selling. I wanted to ask a few questions that you may know or picked up from caroline.
1. If I staircase to 100%, own the property and rent it out, am i right in thinking that I still pay service charges each month, that can obviolsy go up annually, as there is no cap on it. And I still have to pay for any major works that need to be done to the building?
2. If the above is right, what advantages, if any, is there for me to staircase to 100% because it would be hard to me to sell on if I want to at some point?
3. If I staircase to 100% to keep living there or rent it out, if people in the building move out and I'm the only leaseholder when major works happen, will be responsible for the entire charge. For example, they do £100,000 worth of upgrades and I'm the only leaseholder in the block - do I have to pay the £100,000 by myself?
Thank you. Maybe it's worth to do a video on this or please feel free to reply to this directly.
Great video as always👌🏽. It would be great to hear your thoughts and/or have an interview with someone who simply used 25% shared ownership as a stepping stone to get on the property ladder, without any intention on increasing ownership. I think you had a previous video about this but was based on much higher ownership percentage. I wonder if it is worthwhile or not worth the hassle.
Thank you! I think that would be an interest video. I would just need to find someone that has used the scheme as a stepping stone... I’ll look!
Thanks for getting back and appreciate you looking into it 👍🏽
@@stephenhammond2731 No problem at all! I enjoy making content which people find useful ;)
I am planning to do it probably… with 50% share. The reasoning is the rent is always 2,75% of market value. Yes, the market value of the rest of the share increases so the absolute rent will increase, but it will be still 2,75%. Now, if I had cash to buy out the remaining share - would I invest it in the stock market with 8% yield or into my remaining share which will yield 2,75% plus yearly appreciation of that share about 2-3% (8% is the average yield on stocks for the last decade but! Past Performance Is Not Indicative Of Future Results)
@@SelfInvested I am in the process of purchasing 25% and I don't intend to staircase up to 100% as I am unlikely to do that due to the value of the property....
I am so happy you are here on youtube, sometimes the process of getting into homeownership feels like a big secret. find out when you get here. I knew there was something fishy about it, with regards to how one sells half a flat and maintaining the flat and free holds. too good to be all true.
Welcome! Thanks for watching! This scheme especially is not very transparent, and everyone in the home buying industry wants to make money from you... It can be very difficult!
Great interview I’ve started looking into shared ownership I’ve learnt a lot
Thanks, Wendy!
I have quite a few videos on Shared Ownership, interviews, playlist: ua-cam.com/play/PLUG_SDz9gLQKqInQrRbCC21S4pZpp4JrN.html
and breakdowns, playlist: ua-cam.com/play/PLUG_SDz9gLQI3lKk_GIxi9Kgn_GeCaDDp.html
Hope you find them helpful as well :)
She was luck that her salary increased by £15k and due to the recession the property value didn’t increase. If the recession didn’t take place and at the rate property prices were increasing, she would have never been able to staircase even with her salary increase - She probably would have been priced out. Well done to her though 👏🏾
Yes, I think she would agree that she was fortunate! I hope people understand that her case is not typical of most shared owner experiences...
Hi there thank you so much for your video!
We are currently renting a house from a Housing Association under the 'rent-to-buy' scheme. After three years, we have the obligation to purchase a percentage of the property, with a minimum share of 30%.
Any suggestions on this process?
Would you recommend a broker or solicitor in this process?
TIA
Do you need to have an AML
(Anti Money Laundering check) to proof your source of funds at all in order to rent and eventually buy a shared ownership property?
is it possible to get a two or three bedroom flat as a single person on £40k if the 25 percent is about 160k? I need extra room for a carer
Another great episode!
Thank you brother!
Can a skilled worker Visa holder benefit from the shared ownership scheme? Or is it considered as public funds? Your response would be appreciated. Thank you
Really interesting to hear about shared ownership from another perspective! It’s just a shame because her experience seems like a very unique one and considering all the changes since then; an unlikely one also.
And random question, i noticed that you always wear that orange T-shirt in your videos is that apart of your branding ?
Haha! Thank you for watching :)
I think the t-shirt has become a bit of a uniform. I liked the look of it in a video I made and thought I’d just continue using it... Do you like it?
Can i ask does shared ownership rent go up each year
the ying and the yang amazing
Thank you. I thought it would be good to bring some balance!
Thanks 👍
Oh am I the first lol. Hi ✌🏾
Haha! Thank you for watching! 👍🏿
Subletting a room is a big risk, if the Housing Association finds out you can lose the entire property. Glad it worked out for her though.
Yes, I wouldn’t suggest doing it without getting the required permission and think I make that clear in the video. I think in her defence, she did seek permission but didn’t receive a response…
Having a lodger isn't the same as subletting, unless I'm missing something?
wow, so what am learning is if you are going to get shared ownership, buy a smaller percentage, find an older property with a two bed, outside of London, keep a close eye on the freehold and have a lawyer to guide you. NO NEW BUILDS.
Why do you say buy a smaller percentage?
From experience Yes
Buy an Older Property eg Victorian Conversion or a house as service charges are typically lower if a flat buy a smaller development sandwiched in between row of houses the more scarcity the better for demand and capital appreciation.
Get your solicitor or conveyancer to fine comb the lease agreement, terms and conditions of your rights etc.
Also Do a hard due diligence or research on the Freeholder, or Housing association.
Great content as always!
@@Bfreemen2529 Thank you, Ben! Great contribution! I’ll add to what you’ve said and say make sure you read the lease agreement as well and question anything you’re unsure about!
@@SelfInvested because i imagine most shared ownership sales are to single individuals who's life can change to getting married and having a baby and needing to move out of the property to a new home and it seems to sell shared ownership where you own 25% is easier than trying to sell when you own 75% because the price of the flat never matches the true value of the flat. e.g. what happened to the other woman you interviewed who bought a property in CHIGWELL with a 2-bed new build and owned 75%, not one could buy the flat at the price it was valued.
Very interesting
Indeed! I think she had some very useful tips!
Do you think it's possible to staircase to 100% if the property's full value is 200k?
Yes, it should be but it depends on a number of things, including your salary and how quickly you staircase
@@SelfInvested Yes my salary is higher than average and I can map out my salary rises quite easily since my company is transparent about that. Thank you for your advice! Logically it sounded okay to me to get a shared ownership property if it's cheap enough at full value. But I just wanted a sanity check to make sure I'm not being stupid
Surely you can never 100% own because they are all leasehold?
Yes, with flats you staircase to 100% ownership of the leasehold, but you still do not own the land or building
Of its a house you can staircase to 100% ownership and it includes the lease. Not sure if the same for all HO 's though.
Ironically I can't buy to 100% because I don't have enough cash to make up the difference even though I would be paying 200 less if I owned 100%
You see a similar thing with renters, who have a 10% deposit, but can’t borrow enough to buy, even though the repayments would be lower than the rent they pay. It does seem unfair…
£200 less. You shouldnt need to pay anything if you own it
yes second.
Thank you for watching 👊🏿
Maybe she couldn't remember but I feel like she really didn't want to go into detail about how she staircases to a 100%, odd.
Hey Joshua! Possibly. I remember thinking at the time things didn’t quite add up, but I don’t think she was hiding anything. It’s probably that she couldn’t fully remember. From what she said she was able to save a lot bcoz she had a lodger and was able to afford a bigger mortgage bcoz she got a better paying job.
As great a story as this is unfortunately it is an extremely small percentage of people who have been able to staircases and make shared ownership work for them. I think it was in fact mentioned in one of your videos it is less than 2% which is relatively very low number. As far as I am concerned it is the worst scam of housing association and as someone who has fallen into this trap I would genuinely advice against it. Caroline had a lot of things work out bin her favour such as property price remaining the same and also an increase in salary which is greatly helpful and very rare for people who are on low income. This scheme is only good for the housing association and the freeholders as they make a lot of money from basically tying people to a long lease without putting any money or effort in for the money received. Please please avoid shared ownership it does not help you get on the housing ladder and will lock you into a worthless home which you are fully responsible for but not fully own Especially now with the cladding scandal.
I agree that shared owners being able to staircase to 100% is rare, and Caroline did have a lot of things go in her favour. I think everyone has to make their own decisions based on their personal situation, but I also agree the scheme is unfair, and is a gravy train for housing associations.
Thank you for sharing!
Yes. And £800 a month service charhe is crazy! A second mortgage
@@kadedah2077 I think its yearly, not monthly
She is basically so lucky. Otherwise she wasn't be able to starecase
You're right. She had a lot things go in her favour, but she also made some clever moves!
7
8
your channel is great - but it's also a bit doom and gloom - however its not your fault - thats just reality i guess!
Thanks! I just try to shed light on the schemes to help inform people. But I get it can come across negative because I tend to highlight the problems