/ What does it mean by ‘probably more than 60%’? On what basis is this statement made?
What does it mean by ‘probably more than 60%’? On what basis is this statement made?
% to 75% of the predicted value of new built homes. When combined with a home loss payment, it is estimated that resident homeowners taking up Option B would be able to acquire between (approximately) 60% and 80% of the value of new built homes. This varies from estate to estate and depends on size of homes. In some instances, the value of an existing home plus home loss payment may fall below 60%; however, so long as the resident homeowner is able to contribute the full value of their existing home plus home loss, they will be eligible for the zero rent shared ownership offer.