Shared ownership???

Hi, looking for any advice please, I am wanting to buy my own place and have seen the shared ownership option. I dont really know alot about it but would appreciate anyone telling me their good / bad stories and what to ask about when I go see the agents hopefully this weekend.

Thanks lots

Can't say I've been through the scheme myself, but make sure you're clear in your head what you'll need to pay each month. I looked into this last year for a new development near to me and it turned out there was also an additional monthly "maintenance" fee which was £80ish and it wasn't exactly broadcasted amazingly clear. So it was mortgage + rent + maintenance...made it costly.

Ive seen some which say a monthly 'service charge' which I think means the same thing. Thought they might be throwing in a cleaner...no such luck!

I looked into this in the early nineties and tbh it worked out no cheaper than buying outright the only difference was they still owned 50%.
The only advantage i think is its easier to get these as they share the risk from a lending point of view, so 1st time buyers might be attracted to this.
Do your best to buy it outright imo, even go interest only for a bit or small repayment and interest, to you get youself settled.