Leave a quick reply below or get involved in the discussion

Comments are closed.

Leave a quick reply below or get involved in the discussion

Leave a quick reply below or get involved in the discussion

Comments are closed.

Leave a quick reply below or get involved in the discussion

Comments are closed.

Leave a quick reply below or get involved in the discussion

Leave a quick reply below or get involved in the discussion

4 responses to “Latest member question: What impact will a high RPI have on the shared ownership market?”

1. I am looking into purchasing a property with home reach, but an RPI of 9.8% means I would jump from paying just over £300 per month to over £1000 per month. This would be unaffordable, Am I right with my Thinking?

2. Hi Stuart

   I cannot give you a definitive answer without knowing all the facts but I have copied below a link to a shared ownership calculator that will generate your year 1 rent and that will rise annually by RPI + 0.5% – if you staircase the rent will reduce.

   https://www.newlonliving.co.uk/buying-information/mortgage-calculator/

   Help this helps

   Ian

3. So that calculator is using a 2.75 interest rate, far from the current rate on shared ownership rent, the rpi increase has made shared ownership (affordable housing ha) very expensive and unaffordable for all but a few

4. If you want to work out how much a mortgage would be through Shared Ownership then you can use this calculator https://www.guinnesshomes.co.uk/buying-from-us/shared-ownership-mortgage-calculator/ – you can adjust the interest rate, term years and deposit amount.

Leave a quick reply below or get involved in the discussion

Leave a quick reply below or get involved in the discussion

Leave a quick reply below or get involved in the discussion

Leave a quick reply below or get involved in the discussion