First-time buyers should carefully consider shared ownership schemes before taking the plunge, one expert has suggested.
Spokesperson for affordable housing lobbying organisation PricedOut.co.uk Katy John said some developers may be “desperate” to sell flats under these types of initiative and potential homeowners should look to make as many savings as possible.
She remarked: “If the â€¦ seller is offering a year’s free council tax or similar, it’s because they are very keen to sell their properties.”
This enables those looking for their first residence a chance to be “cheeky” and haggle for a better deal, Ms John added.
Individuals should always read the small print to avoid being confused when in the transaction phase and some may even consider going through traditional purchasing routes, she commented.
Free consultation sessions for first-time buyers on the best options for them will be conducted by the south-east based housing association Moat early next month.
By Francis Finch