Estate Agents In York

Monday, October 12, 2020

Should we use an inheritance to buy a shared-ownership property?

We wonder if by doing so we will be able to sell easily if we decide to move in a few years

Q We may be coming into a little bit of money from a small inheritance. We currently rent and are happy where we are. But if we used the inheritance we could afford to buy 25% of a shared-ownership property in the area we live. Are shared-ownership properties worth it? And would we be able to sell easily if we wanted to move elsewhere in, say, five years’ time as work might take us elsewhere?

Or should we hang fire and save up more for a few years and just try to get an outright mortgage on a normal property? In the area we live that could take a long time.
TR

Continue reading...

from Property | The Guardian https://ift.tt/36Wy6yY
via IFTTT

No comments:

Post a Comment