My Shared Ownership experience: Deepa talks about staircasing and service charge (Part 1)

Deepa Mistry-Longley, who was featured in the BBC Panorama episode 'The Home I Can't Afford', talks to me about her Shared Ownership experience. Specifically, she talks about what attracted her to the scheme, her attempts to staricase to 100% ownership and the increase in service charge costs. The Shared Ownership scheme comes under the Governments 'Help to Buy' banner, which includes a number of initiatives that aim to help people buy a home. It is considered an affordable housing product, but many find it unaffordable in the long-term.

Part 2 of Deepa chat - https://youtu.be/YeloDzx-304 (available from 12pm, 07/04/2021)

Support efforts to end the building crisis - https://endourcladdingscandal.org/call-to-action/
End Our Cladding Scandal - https://twitter.com/EOCS_Official
UK Cladding Action Group - https://twitter.com/ukcag

PEABODY RESIDENT PAGES
Facebook - https://www.facebook.com/groups/407243640291468
Twitter - https://twitter.com/CladdingPeabody
Email - PeabodyCladdingResidents@gmail.com

OTHER LINKS MENTIONED
Why most will never staircase to 100% ownership - https://youtu.be/fhwQrKW8Ux8
Building Safety Crisis and Cladding Scandal explained - https://youtu.be/nPtYqgTgsmU

OTHER PLAYLISTS
My Shared Ownership Experience (series) - https://youtube.com/playlist?list=PLUG_SDz9gLQKqInQrRbCC21S4pZpp4JrN
Shared Ownership - https://www.youtube.com/playlist?list=PLUG_SDz9gLQI3lKk_GIxi9Kgn_GeCaDDp
Help to Buy Equity Loan - https://youtube.com/playlist?list=PLUG_SDz9gLQJIBs_0uHERF90GRFLamKv_

CHAPTERS
Intro 00:00
Why Shared Ownership? 01:24
The problem with staircasing 04:15
Increasing service charge costs 12:33
Outro 15:59

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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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.

Видео My Shared Ownership experience: Deepa talks about staircasing and service charge (Part 1) канала Self Invested