Buying a property via shared ownership schemes

The value of properties may have been falling over recent months in parts of the UK, but after a ten year house price boom property values are still extremely high, and for many first time buyers these prices are simply out of their reach, making it impossible for them to get onto the property ladder.

The situation has not been helped by the global credit crunch, which as resulted in credit conditions becoming much tighter, the interest rates on mortgages being hiked up for new borrowers, the withdrawal of 100% mortgages, which have been very popular amongst first time buyers, increased

Read full story | 18th Jul

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Buying a property via shared ownership schemes

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