Birdwatch Note Rating
2023-07-19 18:53:06 UTC - HELPFUL
Rated by Participant: B43061F72D3F5599C611A69B7103563594376E6F8117909EB1218EA3BAF0B4A5
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