My partner and I are first time buyers and have seen a really modern shared ownership house that we like, it's affordable for us and will gain us 2x parking spaces and a garden compared to our current flat, which we do enjoy.
I did the math and compared it to our current rent and it works out about an additional £200/month. (This includes mortgage, rent and service charge).
However I read a lot of horror stories about shared ownership and it's definitely causing me some hesitation.
It would be great to hear some positive experiences with shared ownership so I can make a more informed decision.
Thank you.
To add some detail:
The rent on the property would be £200/month
The Service Charge is £35/month
And it is a shared ownership house not flat.