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Renting and Shared Ownership from Housing Association

Archived UK Tier 1 (General) points system forum. This route no longer exists.

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qasimali002
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Posts: 6
Joined: Tue Feb 19, 2013 8:20 pm

Renting and Shared Ownership from Housing Association

Post by qasimali002 » Tue Feb 19, 2013 8:26 pm

I am on Tier-1 General visa with "No recourse to public funds". Last year I rented an apartment from a housing association which is "London and Quadrant" via applying at http://www.firststepslondon.org/. On their website they say that the rent is 20% lower than market as its subsidised as they receive funding from "Homes & Communities Agency". Ref http://www.lqgroup.org.uk/sales-and-ren ... you-2560k/.

My question is that in above situation, is it recourse to public fund or am I fine?

The other question is that under same scheme I have the option to buy a share under shared ownership. In this they have offered me 5% discount on share I purchase. I will pay subsidised rent on the share I don't own at the rate of 2.75% of unowned share per year. Please can you advise if I buy a share under shared ownership then is it considered recourse to public funds or am I fine here as well?

Thanks in advance for your time answering my queries.

Regards,

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