Birdwatch Note Rating
2023-07-19 17:49:47 UTC - HELPFUL
Rated by Participant: 3909DAE55D96B73DC253501C0CCE63736B7809724126D99BADC51C841E27E408
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