Part Buy Part Rent?..how do you go about doing it?

[mysteriouseye]

I have seen a property that I want to buy part rent part buy. I am going to view it soon hopefully (I am awaiting for the owner to get back to me) What happens after? I am new to all of this xx

 

[BlueWater]

If this is a help to buy scheme or similar, then I know bits of information.
You buy a percent of the house, and get a mortgage on that percent of the house.
And then the remaining percent of the house, which is usually owned by a housing association, you would pay rent on that.
There are opportunities later to buy more shares in the house.

I've myself looked into it, and still deciding

 

[BlueWater]

Here's a little video that helps to explain it https://www.rightmove.co.uk/help-to-buy.html

 

[mysteriouseye]

Thank you, I saw the property this weekend and it was gorgeous I have let them know I am interested and am currently in the process of having an affordability Assessment which I am awaiting back to hear from. Very very anxious!