Shared Ownership?

[Theo]

If only you looked like Kirstie Allsopp, Rave....

[Rave]

I look a bit like her camp co-presenter.....but yeah, she needs to die in the face.

[schmunk]

The only bright spot in your whole argument (at least if the situation is similar to the United States) is that you can write interest off on your taxes

Not in the UK though...

[chrestomanci]

The only bright spot in your whole argument (at least if the situation is similar to the United States) is that you can write interest off on your taxes

That was known as morgadge interest tax relef. In the UK it stopped being avalable about 10 years ago.

[Rave]

You can take in a lodger and charge them up to about £4500 a year without paying tax though.

[adam_tomlinson]

Rave speaks sense.

[Rave]

Cheers. I must admit that the 'renting a house' vs. 'renting money' argument is one that I only 'got' myself very recently after reading a book about crashes- it makes sense when you think about it but it runs counter to everything we've got used to over the last few years.

[wilksj01]

Hi Nick,

Funnilly enough I have just put some info regarding my house that is up for sale that has options for shared ownership. We currently own 75% of ours and it has worked really well for us as the rent on the remainder is a lot less than the mortgage would be and has allowed us to get used to paying for a mortgage without jumping in at the deep end. Have a look at my post as there is a link for plumlife who built the apartments and have load of info on their site.

http://forums.hexus.net/classifieds-...bury-area.html

If you want to know anything specific though let me know.

[directhex]