Staircasing Example | Step-by-Step Demonstration | Shared Ownership Explained

Welcome to Self Invested!

This video is a follow up to the ‘What's Shared Ownership?' video (link below) and was specifically requested by a subscriber. If you don't have a good understanding of the Shared Ownership scheme and haven't watched my previous video, you may find it difficult to follow this one.

In this video, I show the costs involved with increasing your shares in a shared ownership home from 25% to 100%. As well as the staircasing costs, I also take a look at how your mortgage and rent costs will change after each step.

CONTENT
Welcome - 00:00
Foreword on Shared Ownership - 01:14
Assumptions for examples - 03:33
Worked example of staircasing - 07:14
Mortgage costs - 16:20
Outro - 17:54

Hope you enjoy the video!

ABOUT ME
I'm Lemuel. I'm not a financial advisor. I'm not an expert. I'm a regular guy trying educate himself on personal finance, sharing what he learns along the way.
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LINKS TO RESOURCES DISCUSSED
What's Shared Ownership - https://youtu.be/_RibPtFd8hg
Mortgage Tips for First-Time Buyers - https://youtu.be/5cg8Y1RLxWM
Homeowner's Alliance - https://hoa.org.uk/advice/guides-for-homeowners/i-am-buying/staircasing-your-shared-ownership/
MSE Mortgage Comparison - https://www.moneysavingexpert.com/mortgages/best-buys/

TOPICS
affordable homes, affordable housing, affordable rent, what's shared ownership, shared ownership, help to buy, shared ownership explained, staircasing, what's shared ownership uk, shared ownership mortgages, first time buyer tips, housing association, social housing, share to buy, subsidised rent, buying property, home ownership, mortgage deposit, house buying, co-ownership, equity sharing, buying your first home, first time buyer uk, property ladder, self invested, Lemuel
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 Staircasing Example | Step-by-Step Demonstration | Shared Ownership Explained канала Self Invested