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Shared ownership has failed to deliver , report finds
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Shared ownership costs start low but are uncontrollable over time – Wallace
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Shared ownership: alarm sounded over scheme s long-term affordability
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Even Government-backed schemes can come with serious complications
The housing market is booming and the Government has taken massive steps to encourage home ownership. But is now the right time to buy?
The entry-level market is concentrated heavily in flats, a sector which is grappling with successive scandals over leasehold ownership and building safety. Government schemes such as Help to Buy and shared ownership come with big complications, while low deposit borrowing brings added risks of negative equity.
Here, we take a look at the common traps first-time buyers need to be aware of this year – and what you can do to avoid them.