You may find it beneficial to consult with a large financial company to endure the choices if you are considering refinancing.

Promoting a contributed ownership property

For those who have a fixed shared possession financing you will simply have the ability to sell your own offers of your home back again to the fresh new Construction Power.

When you yourself have an adaptable common possession financing therefore the Homes Authority nonetheless retains a portion in your home, the marketing rate should shelter:

• the the balance of your own financing with Keystart;
• the worth of the new Houses Authority’s show in today’s sector;
• most other costs eg payment and you will marketing costs, Landgate charge as well as your settlement broker fees.

In the event the sales pricing is less than extent expected to shelter all the will set you back, you’ll encounter what we label a great shortfall. Continue reading “Alex and you may Taylor keeps a shared control financing to have 90% of their home”