Birdwatch Note Rating
2023-07-19 11:49:07 UTC - HELPFUL
Rated by Participant: A1CDADBC0B4E5DBAB8313E60213DF956A34E2B060ACAB1ABBDB77B2E2E3CD36D
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