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I don't think that will be classified as public fund.raxs1983 wrote:Being on Tier 1 General, I do not have recourse to public fund. If I intend to buy house on part buy part rent, will it be classed as using a public funds?
Ta,
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I don`t think because you will still pay your rent and you will own only part of the property, the other part will have gov body as ownerraxs1983 wrote:Thanks yh37 - I have read through that list before sometime but HomeBuy Direct is a govt funded scheme to get an individual on property ladder. That is what baffles me. Anyways appreciate your time. x
John wrote:raxs1983, so who exactly is renting you the part of the property you will not own? I suspect it is a Housing Association, in which case that is not within the definition of Public Funds.
John,John wrote:So unless you were introduced to this arrangement by the Local Housing Authority, part of your local Council, there is no problem for you.