Birdwatch Note Rating
2023-07-19 11:21:19 UTC - HELPFUL
Rated by Participant: 20BFDF86AB84348F1C9CAE361F3CB5EDA6EBA59AA29954C98FFAB0D417EB2CBB
Participant Details
Original Note:
This is referring to an arrangement known as "diminishing shared ownership", where you purchase the property from the bank over time while paying rent on the part you don't own. The bank pays stamp duty on the initial transaction. https://www.gov.uk/guidance/stamp-duty-land-tax-transactions-that-dont-need-a-return#alternative-property-finance https://www.buzzacott.co.uk/insights/sharia-financing-for-uk-property-transactions
All Note Details