My Shared Ownership experience: Sue talks about the long-term costs of Shared Ownership

Sue Phillips, founder of Shared Ownership Resources, talks to me about the long-term costs of Shared Ownership based on her personal experience. We discuss how difficult staircasing to 100% ownership can be. She also explains the problem with short leases and how costly lease extensions can be. Watch to hear her first-hand experience of the Help to Buy: Shared Ownership scheme.

LINKS DISCUSSED
Sue's Twitter page -   / resourcesshared  
Shared Ownership Resources website - https://www.sharedownershipresources....

CHAPTERS
Intro 00:00
Why Shared Ownership? 00:42
How much did it cost? 02:45
Staircasing to 100% ownership? 03:27
The problem with short leases 07:27
Who is responsible for informing shared owners? 11:54
Lease extension 17:00
Raising awareness about Shared Ownership 22:32
Shared Ownership Resources 25:15

ABOUT ME
I'm Lemuel. I'm not a financial advisor. I'm not an expert. I'm just a regular guy that enjoys talking about how we can do better with money.
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TOPICS
shared ownership experience, first hand shared ownership experience, shared ownership selling process, what's shared ownership, shared ownership, help to buy, shared ownership explained, shared ownership pros & cons, staircasing, what's shared ownership uk, first time buyer tips, housing association, social housing, lease extension

DISCLAIMER
This video is not meant to address the specific circumstances of any particular individual. It is created for educational purposes only. You should not rely upon it as legal, financial or professional advice, or a substitute for it. I do not accept any liability whatsoever for errors, omissions or misstatements contained therein. You should consult a suitably qualified professional if you require specific advice or information.