Yes, you are responsible for paying the full council tax bill, even if you only own a percentage share of the property.
Council tax is based on occupancy and property banding rather than ownership share.
Your home/property may be repossessed if you do not keep up repayments on your mortgage.
You may have to pay an early repayment charge to your existing lender if you remortgage.
For the full picture, read our guide to shared ownership costs.
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