Should we use an inheritance to buy a shared-ownership property?

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We wonder if by doing so we will be able to sell easily if we decide to move in a few years

Q We may be coming into a little bit of money from a small inheritance. We currently rent and are happy where we are. But if we used the inheritance we could afford to buy 25% of a shared-ownership property in the area we live. Are shared-ownership properties worth it? And would we be able to sell easily if we wanted to move elsewhere in, say, five years’ time as work might take us elsewhere?

 

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Definitely no

No, that is the most dumbest move! This Virginia is dumbest columnist since she’s biased and blinded to perils of owning shared ownership properties. Feel sorry for anyone who took her advises seriously.

No, that is the most dumbest move!

Should not be pushing SO after highlighting leasehold issues.

No, heavily tax 2nd & 3rd homes & stop the wealthy driving up the property market with their greed.

No!!! 🤦‍♂️

I’d be very wary. Also the property market is about to be badly hit as people lose jobs etc.

Sir plaese support khalsa group aid. We help poor hungry homeless children's.

No

The Guardian of inherited wealth & privilege.

No

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