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  • Property-a-holics

    Shared ownership in London

    My niece is a trainee accountant in London. She has fallen out with her flatmate so needs to find somewhere else to live. She has a short period to look before her next set of exams. If she passes them she should become a higher rate taxpayer. BOMAD is willing to help with a deposit, but not too much as my nephew may also need help. It doesn't look like she will be able to buy outright.

    So I was wondering if shared ownership might be a decent option, but I have no experience of it. I have read conflicting comments about it.

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