₦airaland Forum

Ticha:
My biggest issues with shared ownership
1. You will pay market rate rent on the portion you don't own and this increases annually or as detailed in the agreement (usually in line with CPI)
2. You will not benefit from any rise in capital value from the share you don't own
4. When you staircase, ie buy more of the builders share, you will have to pay costs including a valuation fee and the solicitors fee for the builder.
5. Any extra you buy will be at market rate valuation.

Do the calculations and see if it works out for you. Remember the max you can buy initially is 75% and majority of developers seem to cap it at 50% initially anyway. So whichever way, you will still be paying some rent

Lexusgs430:
If you intend to reside in the United Kingdom for the foreseeable future, possibly till you reach retirement age..........

You still belong to the ''I am happy renting" school of thought...... How do you intend to pay your rent, when you retire........

Don't be like our grandpa below........

https://www.theguardian.com/society/article/2024/jun/18/state-pension-rent-how-one-man-became-homeless-britain

shaybebaby:
You should have PSA bolded on your post.

Really sad outcome for the gentleman.

I'll add to your point, housing in one of the ways to build generational wealth and one of the tools used to keep black people economically poor in America compared to whites.

Read up red lining and how black people were denied home loans back and after the civil rights movements. Meanwhile, white people didn't suffer the same, were able to purchase homes which in turn they passed on their children, who then had a headstart in life.

Let's leave the typical I better pass my neighbour mentality of some nigerians, whether you chose to remain here and go home, IMO, you are duty bound so that those that come after you can build on the wealth you acquired.

Buy, if not for yourself, but for your children's sake. Home ownership is one of the major ways to build generational wealth.

DivinegiftofGod:
Good morning sis. Here's my email
I've also reached out to you with this moniker. Please check.

Thank you.

shaybebaby:
Morning hun, I've noted your email..please remove it from here.

shaybebaby:
You should have PSA bolded on your post.

Really sad outcome for the gentleman.

I'll add to your point, housing in one of the ways to build generational wealth and one of the tools used to keep black people economically poor in America compared to whites.

Read up red lining and how black people were denied home loans back and after the civil rights movements. Meanwhile, white people didn't suffer the same, were able to purchase homes which in turn they passed on their children, who then had a headstart in life.

Let's leave the typical I better pass my neighbour mentality of some nigerians, whether you chose to remain here and go home, IMO, you are duty bound so that those that come after you can build on the wealth you acquired.

Buy, if not for yourself, but for your children's sake. Home ownership is one of the major ways to build generational wealth.

theOneShot:
Hello everyone! Does anyone know how Kenyans are treated in the UK?

shaybebaby:
Morning hun, I've noted your email..please remove it from here.

Oldnairalanderb:
Hi sis
okolijudith15@gmail.com

Lexusgs430:
If you intend to reside in the United Kingdom for the foreseeable future, possibly till you reach retirement age..........

You still belong to the ''I am happy renting" school of thought...... How do you intend to pay your rent, when you retire........

Don't be like our grandpa below........

https://www.theguardian.com/society/article/2024/jun/18/state-pension-rent-how-one-man-became-homeless-britain

Lexusgs430:
I get accused by many, that I am making them run a property race unnecessarily......

I tell them, when their property appreciates and starts building equity, would they give me a penny.......🤑😂

Advicing people to buy, is never for my benefit or yours......

I hope those that keep insulting me, would eventually see the light (hope it won't be too late)......😜🤣

jedisco:
Hehe... u carry the matter for head like Gala..
Person wey tackle don free the issue

Lexusgs430:
Still does not change the level of accusation ........ 😂

ukay2:
Rent money is dead money jare......l am so happy the numbers of home owners have increased here....lets keep it up...

Lexusgs430:
Glad when people take the plunge, and buy their own properties......

Why do you want to continually pay your landlord's mortgage, when you leave the property, the landlord wants to inherit your deposit (by fire, by force)........

You pay rent of £30,000, zero % equity appreciation heading your direction, you cannot hang your television on the wall (if holes not already present), when your children paint the walls with crayon(your blood pressure is elevated), when carpet is stained(you start suffering from tachycardia)......🤣😂

Oldnairalanderb:
Hi sis
okolijudith15@gmail.com

shaybebaby:
Check your email sis.

shaybebaby:
Check your email sis.

shaybebaby:
Okay seen take down
Thank you

shaybebaby:
Okay seen take down
Thank you

shaybebaby:
Have you mailed me? I keep checking but have not seen anything.

Oldnairalanderb:
Network is very bad please take down your email