What is the difference between renting, shared ownership and buying the property with a mortgage?

222 views

If one opts for shared ownership, it is possible to be able to leave this agreement once able to buy a property fully i.e. by earning enough?

In: 0

10 Answers

Anonymous 0 Comments

Rent: pay owner to stay in his house.

Shared: at least 2 owners, each with his procentage as owner. If things must be done all must agree and you can’t force someone out of it, but you can buy his share If he agrees.

Mortgage : like a loan, pay your property monthly and with a collateral in case you can’t pay the full loan/mortgage.

You are viewing 1 out of 10 answers, click here to view all answers.