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03 April 2009

Has anyone bought a house using the Government-backed shared equity scheme? I'm thinking mainly of Open Market HomeBuy. Keen to hear what people think

I'm a first-time buyer with no hope of getting on the property ladder otherwise. We could afford a reasonable mortgage but I only earn £25k and my partner has an IVA so no lender would touch him. We have two young kids so a 1-bed flat is not much good to us! Open Market Homebuy sounds great, but I'm well aware that if it sounds too good to be true, it usually is...

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