There needs to be a bind for the shared owner builder forced to buy your share if you want to sell.
Shared ownership IS good it just has this selling flaw
upthetruth1 on
We need to build more homes, abolish leaseholds and ensure people who buy their homes actually own their homes entirely
NuPNua on
Just as a counterpoint, I brought a shared ownership flat in a scheme run by the local authority a decade ago, for similar reasons to the people in this story in that I would never have been able to get the deposit together to buy a whole flat as one man, and I’ve never had these issues. The council are pretty quick at dealing with repairs in the communal areas when we’ve had issues with the lift or the like, our service charges all come with a full breakdown of costs and a proper appeal process if you disagree, and several of my neighbours who moved in when the building went up have managed to sell up and move on.
3 commenti
There needs to be a bind for the shared owner builder forced to buy your share if you want to sell.
Shared ownership IS good it just has this selling flaw
We need to build more homes, abolish leaseholds and ensure people who buy their homes actually own their homes entirely
Just as a counterpoint, I brought a shared ownership flat in a scheme run by the local authority a decade ago, for similar reasons to the people in this story in that I would never have been able to get the deposit together to buy a whole flat as one man, and I’ve never had these issues. The council are pretty quick at dealing with repairs in the communal areas when we’ve had issues with the lift or the like, our service charges all come with a full breakdown of costs and a proper appeal process if you disagree, and several of my neighbours who moved in when the building went up have managed to sell up and move on.