Any disadvantages to shared ownership? [downsizing] [retirement]

Q: My mother was thinking of through the sale of its property (approximately £ 130K) to a flat £ 130 £ 66K plus one months rent (I think this is a share of 50% are), not 977,503,977,503 She has a mortgage and I personally can not see how she could win enough this.

Fair they would release some shares but certainly this road with the £ 130 months rental payments would be eaten. She has an income at the moment, apart from a widows pension. She was 56.

There maybe even a monthly fee for maintenance of gardens etc.

I think it would be ideal for someone with a lot of equity in their property but not for my mother.


A:later on tho, its usually in a years time, she can buy extra shares, up to 100%
Id anticipate that she would be left with somewhere around 60k "profit" which in a good enough bank aco!!!! such as Icesave, shed be making more than 300pcm interest before tax. which would more than pay the rental share in a year.

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