Whole point of shared ownership is to get yoir foot in the property ladder. Get the lowest share (most people dont like buyung higher shares) as soon as the property value goes up, sell. Use the profit earned to buy and upgrade in the open market. Unless its your long term goal to own it 100% then just staircase (in most cases it can get harder as the value of the property goes up. You can end up stuck.)
@elise.mcculloch
2 жыл бұрын
100%%
@absidd
5 ай бұрын
If you sell your share at a higher price, do you have to pay taxes on that?
@LifeIsGood3444
4 ай бұрын
@@absiddno as CGT does not apply to private residences. If you own the property and it is your nominated main residence then you will qualify for PRR (Private Residents Relief)
@TheRoxStarlet
3 жыл бұрын
Such a helpful video! Me and my husband have just decided this may be a helpful scheme for us so it's refreshing to hear a positive experience from someone who has done it and sold (there are a lot of negative opinions on the scheme on KZitem) 😁
@elise.mcculloch
3 жыл бұрын
Awww thank you so much for watching and I’m glad it helped. There are pros and cons to it for sure, but personally for Shaun and how it helped us in the next property.. it’s positive :) x
@AnnaandEliysha
3 жыл бұрын
Oh my goodness this is so useful and informative!! Especially for young people who are looking to get on the ladder. This is so good! X
@elise.mcculloch
3 жыл бұрын
Aww thanks so much girls means the world xx
@abena3982
3 жыл бұрын
Thanks for this video. There’s so much negativity surrounding it so nice to hear good things.
@elise.mcculloch
3 жыл бұрын
We did think everyone was quite negative towards it - it has pro’s and con’s of course to each individual but to us... it was positive! Thanks for watching 😊😊
@kimkim4771
3 жыл бұрын
one positive video so far on shared ownership scheme. The rest of the videos on here is very discouraging. Thanks you for this positive video.
@elise.mcculloch
3 жыл бұрын
Glad it was helpful! x
@Bethany_Jane123
3 жыл бұрын
These are so informative and helpful for someone that’s looking into buying their own house in the future! ❤️
@elise.mcculloch
3 жыл бұрын
Awww thanks lovely xx
@LeFuseTv
3 жыл бұрын
Very helpful, I’ve almost completed on my shared ownership and I live on the outskirts of London & as I’m buying by myself so it’s my only option for the moment
@elise.mcculloch
3 жыл бұрын
So glad it was useful! Honestly Shaun being involved in shared ownership really did help us move on to this house for sure!! Good luck with it all!
@elana604
2 жыл бұрын
Can you tell me your experience of buying as a single applicant. So many videos of couples but I need a single person's perspective
@DonatellaButt
3 жыл бұрын
Smashing the home advice! Jack and I heard about this! This is so so helpful and useful!!! Plz keep up the first time buyer advice 😍
@elise.mcculloch
3 жыл бұрын
Awww thank you girl xxxx
@patriciaangeles4816
3 жыл бұрын
I’m so glad I don’t have to do that house buying thing anymore. It is very stressful, even when you buy a property outright!
@elise.mcculloch
3 жыл бұрын
It is indeed!! If only it could all be done at a click of a finger x
@elise.mcculloch
3 жыл бұрын
Happy Sunday everyone!! This was a highly requested video so I hope it helps you in some way if you are considering shared ownership! We also have an insta page @athome__withelise sharing all things interior
@elise.mcculloch
3 жыл бұрын
@Sincere Hugo 😂😂
@elise.mcculloch
3 жыл бұрын
@Guy Parrotta 😂😂
@mary-katecreates4136
3 жыл бұрын
This is so so informative and helpful! Such a great video x
@elise.mcculloch
3 жыл бұрын
Thanks so much! Appreciate you watching xx
@user..Aa..Bb..
2 жыл бұрын
Great info it's made me make up my mind. I dont understand how the government think this is a affordable option to own a house. The one I seen is £350 mortgage £367 Rent General bills let's say £200. More definitely Council tax £100 + Service charge £80 That's near enough a grand. Yet these morons won't give me a mortgage for me to buy a house outright and this is on a 35 percent ownership. Not for me , unless am missing something. Thanks again for information
@elise.mcculloch
2 жыл бұрын
That’s crazy!! Honestly it all blows my mind to be honest! You need so much money to just get a bloody decent start in the housing market now! Thanks so much for watching though, glad it was helpful and all the best with your home journey!
@user..Aa..Bb..
2 жыл бұрын
@@elise.mcculloch No. Thank you for providing the info that was helpful. Real shame how hard they make it to get on the housing ladder. Especially with inflation rises and rare wage increases it really makes it a tough one.
@user..Aa..Bb..
2 жыл бұрын
@Shaun Frost I can imagine paying silly money for rent. Jus not on. Am glad u had a great experience from this. Any tips u want to share to help. To be honest I can't afford the grand plus anyway a month so am stuck.
@user..Aa..Bb..
2 жыл бұрын
@Shaun Frost 🤣🤣 sounds like a plan. Cheers mate
@elise.mcculloch
2 жыл бұрын
Cheeky b******
@mambajamb1
3 жыл бұрын
This is so helpful!! Going through shared ownership paperwork at the moment x
@elise.mcculloch
3 жыл бұрын
Awww thanks Alex! Hope it held and I hope you are well lovely 😊 good luck with the move!
@zaralouise1
3 жыл бұрын
This was so informative. Thank you.
@elise.mcculloch
3 жыл бұрын
Thank you so much, I’m glad it was helpful in some way and good luck if you are currently looking x
@weezasworld
3 жыл бұрын
amazing home advice Elise! so helpful!
@elise.mcculloch
3 жыл бұрын
Aww thank you so much xx
@danajayblack
Жыл бұрын
This was SO helpful!! Thank you 😁
@elise.mcculloch
Жыл бұрын
I'm so glad!
@aneecemehmood4200
Жыл бұрын
So I would have to pay monthly altogether more than 600£ everything included
@caitlingolder_
3 жыл бұрын
Great video girly! Xx
@elise.mcculloch
3 жыл бұрын
Awww thank you lovely xx
@kingares9768
2 жыл бұрын
This was very helpful. Thank you guys
@elise.mcculloch
2 жыл бұрын
Aww thank you for watching x
@Kaizagade
7 ай бұрын
at the beginning you said "wow thats a nice property, i cant believe i can afford that" just tells you how bad it is in the uk, we just expect to live in shit properties... it only gonna get worse
@LaurenRogers59
3 ай бұрын
Thank you so helpful x
@elise.mcculloch
3 ай бұрын
You’re welcome
@kaxar6954
10 ай бұрын
First time buyer here. I have the deposit to buy a 40% share as my rent keeps going up. Looking for a 2 bedroom and will get a lodger. Just don't know about the ground rent and service charges.
@chiao7714
2 жыл бұрын
Thank you Elise!!!
@jomortonbrown
3 жыл бұрын
Insightful video, thank you
@elise.mcculloch
3 жыл бұрын
Thanks so much x
@Victoria-jk1ni
3 жыл бұрын
So helpful and informative! ☺️ how do you know how much of a share you can borrow?
@campcop9214
7 ай бұрын
How much history is needed for self employed. Is 1 year sufficient?
@Mini-fn6xj
3 жыл бұрын
Great informative video. Tfs ❤️
@elise.mcculloch
3 жыл бұрын
Thank you!! 💜
@Mini-fn6xj
3 жыл бұрын
@@elise.mcculloch hope you guys are well 💕 xx
@lukewatkins6544
Жыл бұрын
Me and my partner bought a shared ownership around nearly 4 years ago, stuck a 5 % deposit I believe , 3 bedroom for 270k , one of my friends reckons its now worth around 300k , if we go about selling it, would we make money on this after fees etc ?
@elise.mcculloch
Жыл бұрын
Hi Luke, how much you make will depend on the governments cut that they take (unless that has changed), if it’s gone up in equity then both party’s in most cases will get some extra money! Shaun will be back from footie soon so I’ll get him to respond 😊
@daliusp2622
6 ай бұрын
@@elise.mccullochis Shaun back from footie yet or should I get worried 😅
@guiaceleste
2 жыл бұрын
Thank you for your advise
@elise.mcculloch
2 жыл бұрын
Thanks for watching
@guiaceleste
2 жыл бұрын
Thank you im looking for some positive experience here because all i saw was negative videos about shared ownership. Nice to know someone say something positive about it.
@elise.mcculloch
2 жыл бұрын
@@guiaceleste we wouldn’t have the house we have now, without it. It helps you get a better start for sure! Well it did for us
@usables4028
3 жыл бұрын
I am about to buy s.o. house but I started reading about unexpected charges from management company and this puts me off, because this is not really an affordable housing! 😑 I was reading many stories that service charge doubles, ground rent doubles etc
@elise.mcculloch
2 жыл бұрын
It’s crazy isn’t it how much you need to save to get anything nowadays!
@masuzun6546
8 ай бұрын
Unfortunately, you will not be able to purchase a Shared Ownership property if you already own another home.
@Clauds71
11 ай бұрын
Thanks 😊
@DonatellaButt
3 жыл бұрын
Oooo I think you can use the ISA tooo, I hope!! Ahhaha xxxx
@elise.mcculloch
3 жыл бұрын
Oh really?? That’s cool! Xx
@Wac32
Жыл бұрын
Hi did your shared ownership come with kitchen applinces? Or does it depend on the housing osc? Thanks,
@elise.mcculloch
Жыл бұрын
This would depend on your housing osc we believe x
@tamasidinadze471
2 жыл бұрын
😂no way my name is shawn too👏🏾I subbed for him Edit : I’m doing isa cash, yes you can do it I’m currently doing it with money box unfortunately this video not sponsored it would’ve been a good plug
@elise.mcculloch
2 жыл бұрын
Aww thank you so much!! Shaun says hey! Despite the different spelling on the same name Thanks for watching!!
@AicyDC
2 жыл бұрын
Good video but WAAAAY too many cuts. Doing cuts multiple times mid sentence is way too distracting, just record the whole sentance again with no cuts
@elise.mcculloch
2 жыл бұрын
Thanks for watching
@laybandsfitness.8134
Жыл бұрын
With shared ownership do you pay mortgage & rent I’m confused about the monthly payment.
@elise.mcculloch
Жыл бұрын
Yeah you would pay both x
@p-vision
2 жыл бұрын
Do you pay rent and mortgage on a shared ownership or just the rent ?
@elise.mcculloch
2 жыл бұрын
Yes you pay both
@paulfisher1204
2 жыл бұрын
Are there any restrictions when you buy 100% of the shares? i.e. buy the freehold and then sell immediately.
@elise.mcculloch
2 жыл бұрын
Hey Paul! I’ll get Shaun to reply to this as he was the one who owned it x
@paulfisher111
2 жыл бұрын
@Shaun Frost thank you for your reply!
@adriandanehernandez4138
2 жыл бұрын
Hi if you total the rent that you paid for the other 45% when you were under the shared ownership and subtract that to the amount of profit you got after you sold it, how much did you really get? Was it worth it? Thank you.
@elise.mcculloch
2 жыл бұрын
I’ll have to get Shaun to reply to this one… 😊
@adriandanehernandez4138
2 жыл бұрын
@@elise.mcculloch thank you. I am really curious because I am thinking of buying a shared ownership flat. Thank again
@heyitsnikki6172
2 жыл бұрын
@Shaun Frost hi, aren’t you not allowed to sublet? Ive read thats part of the conditions of SO..
@BritishBengali
Жыл бұрын
@@heyitsnikki6172 lol ikr someone call the local council 😭😭😭
@emmavalentine7649
11 ай бұрын
Hey, thank you for such a useful video. I don't suppose you know if the shared ownership scheme is suitable for someone that will retire a few years? So could they pay the rent+mortgage on a pension?
@chrislees8951
7 ай бұрын
If you make a full market election at the beginning you shouldn’t have to pay stamp duty again. Stamp duty is not a dark art, solicitors take the piss and charge you through the nose. Guess what people even if you have a solicitor they aren’t responsible. You are as stamp duty is a SELF assessed tax.
@elise.mcculloch
7 ай бұрын
Thanks for watching
@calvinliu6304
3 жыл бұрын
Im first
@elise.mcculloch
3 жыл бұрын
Thank you x
@calvinliu6304
3 жыл бұрын
@@elise.mcculloch your welcome
@CP_BUJU
2 жыл бұрын
Thank you very much! I’m definitely going for share ownership in a new build apartment ✌️… your partner looks a bit like Lionel Messi 😅
@elise.mcculloch
2 жыл бұрын
😂😂 hilarious - he actually does! Good luck with the house purchase! So exciting and thanks for watching
@flowsmallen9082
3 жыл бұрын
Guys I living in crawley, weird your flat was so close
@elise.mcculloch
3 жыл бұрын
Oh my god no way!! Haha small world!!
@YorkshireBoy
3 жыл бұрын
could you live in the shared ownership house for the rest of your life just owning 50% share?
@elise.mcculloch
3 жыл бұрын
I'll get shaun to respond to you lovely as i don't wan't to give false information
@YorkshireBoy
3 жыл бұрын
@@elise.mcculloch many thanks! excellent video.
@avantgarde1389
Жыл бұрын
Yes you can . However the rent and the service charge will increase every year
@fungirl0123456
3 жыл бұрын
Do you think you were lucky to sell the 55%? Buying a such a high share could be dangerous.
@abiikr4773
Жыл бұрын
@Shaun Frost Do you think it would be harder if you only owned 25%?
@stevo091
3 жыл бұрын
Hi I'm glad I came across your videos. I just put though my application for Shared Ownership. The affordability went smoothly. Halifax Bank are happy to lend me ,,£135.000. Shared ownership 25% is £56.329. In Essex How much deposit should I pay?. Says 5% , should I put down more or not?. Cheers , Steve
@stevo091
3 жыл бұрын
@Shaun Frost Cheers Shaun. I keep u posted.
@elana604
2 жыл бұрын
What did you end up doing?
@stevo091
2 жыл бұрын
@@elana604 To be honest been waiting for the apartment to be finished with completion. Since December. So moving in date 19th April. Good time , to have a shared ownership property. As property prices have already increased. Good nest egg so to speak , with a profit . Thanks for reading my comment. Best of luck.
@campcop9214
Жыл бұрын
How long did the process take start to end
@elise.mcculloch
Жыл бұрын
His was a few months but totally varies person to person
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