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Shared ownership is a brilliant idea! You buy 12.5% of a 1 bed flat and rent the rest. Then as you get older and your income increases you then put down a further deposit to buy another 12.5% then just repeat this until eventually you own the whole thing all to yourself!*

Of course if you're a 28 year couple at max earning potential this might not be such a good idea. And obviously you still need to be able to save for the next deposit after paying the rent and mortgage and bills.

(*subject to mortgage payable)

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I'm not sure how they get away with describing such places as 'for sale' as clearly all you're buying is the 'right' to keep paying rent.

Stop paying it and see just how much you've 'bought'. It's just like renting with a really large deposit.

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I'm not sure how they get away with describing such places as 'for sale' as clearly all you're buying is the 'right' to keep paying rent.

Stop paying it and see just how much you've 'bought'. It's just like renting with a really large deposit.

When you rent, the LL has to put right any problems for free. What is the situation with part ownership?

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What's to stop the person/entity that owns the other 87.5% of your flat from cranking up the rent once you're locked in?

Worse than that, you can't even walk away from the whole mess and cut your losses of your 12.5% 'deposit' without finding a greater fool to buy the place off you and pay the obliged rent no doubt? I could be wrong on this?

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