MMP159: Getting on the housing ladder with Shared Ownership

The Meaningful Money Personal Finance Podcast

Pete Matthew

Education, Business, Investing

4.9 • 1.7K Ratings

🗓️ 18 May 2016

⏱️ 42 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

With rising house prices and tight mortgage lending criteria, it can be harder than ever for first time house buyers to make that first step onto the housing ladder. Fortunately, Her Majesty’s government is riding to the rescue This week I’m going to be talking to listener Simon Hancock, who knows this market inside out, having recently gone through the process himself…

Getting on to the housing ladder

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Sponsor Message

This podcast is brought to you with the help of Seven Investment Management, a firm of investment managers based in London. They specialise in multi-asset investing, bringing institutional investing techniques to ordinary people like you and me. 7IM put their name to my show and to my site because they believe in what I’m doing, trying to get decent, easy-to-understand financial information out to the world. I’m very grateful to them for their support.

You can see what they’re up to at 7im.co.uk

Getting on to the housing ladder with shared ownership

Right, let’s crack on! Simon Hancock emailed me suggesting that I might do a session on the various schemes that are available to help house buyers, well, buy a house. It was so clear from the email that Simon had done the research and that he knew his onions, that I fired one straight back and asked if I could interview him. He kindly agreed, and this session is the result.

In this session, you’ll discover:

The different methods which new homebuyers can get help from the government
The pros and cons of these shared ownership schemes
The mechanics of how they work, and what to watch for
Which options might be suited for which people
How you can prepare for owning your first home, and the financial side of doing so.

I’m grateful to Simon for his input, both in coming up with the idea for the show, and for doing the homework so I didn’t have to! And also for putting up with a pretty ropey Skype connection…

Resources mentioned in this show:

Website: Gov.uk site on shared ownership

Join the conversation

I love to read and respond to your comments, so please do join in and share. Question: Have you used a shared ownership scheme to buy a house? What was your experience?

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Transcript

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0:00.0	Hi folks and welcome to the Meaningful Money podcast session number 159. I will buy the house on Lake Como
0:06.6	next to George Clooney's. This is the podcast dedicated to helping you put your finances in order.
0:19.5	My name is Pete Matthew and I'm going to share with you everything you need to know and everything you need to do you put your finances in order. My name is Pete Matthew and I'm going to share with you
0:21.4	everything you need to know and everything you need to do to secure your financial future.
0:26.3	I'm here to help you make sense of money.
0:37.4	Here we go again.
0:38.6	Great to have you with me once again, folks.
0:40.5	With rising house prices and tight mortgage lending criteria,
0:44.0	it can be harder than ever for first-time house buyers
0:46.5	to make that first step onto the housing ladder.
0:49.4	But fortunately, Her Majesty's Government is riding to the rescue.
0:53.0	Can you hear the irony there? This week,
0:55.7	I'm going to be talking to a listener, a gentleman named Simon Hancock, and he knows this market
0:59.7	inside out because he's recently gone through the process himself. More about that in a minute.
1:04.6	First thing to mention, though, is that by the time this goes out, the Meanful Money podcast
1:07.8	will have gone through half a million downloads.
1:11.4	Half a million, folks.
1:12.6	That's an incredible number.
1:14.2	You know, I'm not Tim Ferriss or Pat Flynn or Chris Ravenscraft or any of these superstar podcasters who get, you know, million downloads every month.
1:23.6	Half a million for a UK Money podcast, you know, brought to you from a cupboard in Penzance is an incredible result.
1:31.8	And I'm so, so grateful to everybody listening for helping me get there.
1:35.3	Thank you, of course, to 7.m., more about them in a minute who have been sponsoring me since outset.
	...

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