Birdwatch Note Rating
2023-07-19 14:44:21 UTC - HELPFUL
Rated by Participant: E931C0B0A0FEE492D642607A77EF669D4C8E397E32552C974C678FFD6146F5A7
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