My opinion is that you are better owning 100% of a £250k home than 83% of a £300k home. With both you will be responsible for 100% of the repairs and maintenance but with the latter there will be restrictions on selling.

Hi all looking for some advice as really cant decide what to do so here goes.

Me and my partner are looking to buy a new home with a homebuyer plan. the homebuyer plan is quite simple. you buy 80% of the house the builder then still owes 20%. after 10 years you have to pay the 20% of the market value of the house at that time. there is no rent on the 20% or any interest involved.

The house is £250,000 so the builder will owe £50,000 of the property. I could just about afford the mortgage of £250,000 but our lifestyle would change dramitically. the £200,000 mortgage however would give us the lifestyle we still have but have a much bigger and better home!!!

Obviously i know there is pros and cons involved, the builder will make money on his share in the 10 years or whenever you decide to sell the house etc etc

But then you are effectively borrowing £50,000 from the builder with no interest involved where as £50,000 extra on a mortgage over 25 years will be a lot of money!!!

Any expert advice or any advice in general if it is a good idea to go ahead and buy would be greatly appreciated. or any points that i may not have thought about will also be appreciated.

thanks in advance