Birdwatch Note Rating
2023-07-19 10:15:27 UTC - HELPFUL
Rated by Participant: D85FD0128D5C368960F02CE34CFE02A78A55AC8872712B280DB5CF75C353541A
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