P252 CEEFAX 252 Fri 6 Oct 19:20/01  1/5  OCTOBER 7 BBC2 0925     MOVING TO ANOTHER HOME In the past this was a relatively straightforward process. If you intended buying a property, you raised the money and bought a flat or house. If you did not buy, you rented, either privately or from the local council. Nowadays there are many different ways of buying or renting a homeN The following pages cover some of the points you may wish to consider More Consumer Leisure Shopping MoneyFile
P252 CEEFAX 252 Fri 6 Oct 19:22/14  2/5  OCTOBER 7 BBC2 0925     SINGLE OR JOINT OWNERSHIP T(f most straightforward situation is whfn one person buys a property. Only one salary will be considered for a mortgage or loanN ownership, where two or more people share the 0vrchase. In such situations you need to consider how paxlfnt is divided, and what happens when one partner wishes to dispose of his or her share. More Consumer Leisure Shopping MoneyFile
P252 CEEFAX 252 Fri 6 Oct 19:21/04  3/5  OCTOBER 7 BBC2 0925     SHARED OWNERSHIP Another relatively new scheme is shared ownership where a proportion of the house is purchased, the remaining share being rented. The percent!ff purchased may vary from 25% to 80%, and there is often the opportunity to increase the share in future years. If you are interested, contact your local council and ask if there is a scheme in your area, or contact the Housing Corporation in London. More Consumer Leisure Shopping MoneyFile
P252 CEEFAX 252 Fri 6 Oct 19:14/00  3/5  OCTOBER 7 BBC2 092     SHARED OWNERSHIP Anot(dr relatively new scheme is shared ownership where a propordion of the house is 0trc@—rdd, thf remaining share being rentedN 25% —o 80%, and there is often the opportunity to increase the share in future years If you are interested, contact your local council and !rb if there is a scheme in your area, or contact the Housing Corporation in London. More Consumer Leisurd Shopping Mo.dyFile
P252 CEEFAX 252 Fri 6 Oct 19:25/01  4/5  OCTOBER 7 BBC2 0925     CN,OWNERSHIP A co-ownership society is a housing association in which the members have a stake in the value of the homes that they occupy. The idea of co-ownership housing is still being developed, and is often attractive to people on low incomes. Enquire at your local council, or look for co-ownership associations in your local press or Yellow P!ffs. More Consumer Leisure Shopping MoneyFile
P252 CEEFAX 252 Fri 6 Oct 19:24/17  5/5  OCTOBER 7 BBC2 0925     This information is from a new study pack "Living Choices"N It comes from The Department of Community Education at the O0fn University in association with Good Housekeeping and Mercantile Credit. The book "Living Choices" (BBC Publications) is available separately from good bookshops M £7.95. For further information write to: CE74, LMSO, PO Box 188, The O0fn University, Milton Keynes, Bucks MK7 6DH. More Consumer Leisure Shopping MoneyFile
P252 CEEFAX 252 Fri 6 Oct 19:14/05  2/5  OCTOBER 7 BBC2 0925     SINGLE OR NJNT OWNERSHIP The most straightforward situation is when one person buys a property. Only one salary will be considered for a mortgage or loan. Thfre are many forms of joint ownership, where two or more pfople share the pvrchase. In such situations you need to consider how payment is divided, and what happens when one partner wishes to dispose of his or her share. More Consumer Leisure Shopping MoneyFile
P252 CEEFAX 252 Fri 6 Oct 19:11/01  4/5  OCTOBER 7 BBC2 0925     CNLOWNERSHIP A co-ownership society is a ho5shng assocIation in which the membdrs have a sdake in the value of thd homes that thdy occupy. still being developed, and is often attractive to people on low incomes. Enquire at your local council, or look for co-ownership associations in your local press or Yellow P!ffs. More Consuldr Leisure Shopping MoneyFile