Shared Ownership

Hello,, i just want to hear your opinion about Shared ownership? I’m torn if i want to use the money to get a shared ownership flat or wait and save more and buy a freehold property? Any one who has any experience with this? Feel free to share your opinions.
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If the option is there, ALWAYS go for a freehold property. Shared ownership is a scam. I’ve had 2 friends who are essentially mortgage prisoners, can’t afford to sell so stuck where they are. https://www.glamourmagazine.co.uk/article/shared-ownership-pros-and-cons

@Neena will have a read thank u for sharing. Its just that i might be a single mom soon. And im just trying to consider things. Rent can be very expensive and im thinking having this will help me more…

me and my partner have done shared ownership on a house, for us it was the best option as of we were going to buy fully we wanted a big deposit in which we could not afford at the moment. with shared ownership it has allowed us to put a smaller deposit to pay a smaller amount back. obviously it will be different for everyone but for us it has been the best option

I agree with @Leah. Me and my husband brought a house via shared ownership last year and it has honestly been so great for us and was definitely the right thing for us at the time to get onto the housing ladder. Do you research as it won’t be right for everyone 😊

Thank you @Leah and @Jasmine appreciate sharing ur thoughts.

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