Q:I am attempting to purchase a shared ownership property (1 bedroomed flat) from a local housing association, purchasing 60% of the property at ￡69,000. There is no opportunity for staircasing / purchasing further shares in the property. However, as yet, I have been unable to find a mortgage lender from whom I can obtain a mortgage . The first mortgage lender, Manchester Building Society, found through a broker, eventually turned down my application because they did not lend on the lease terms
Q:I'm buying a new build through shared ownership and have reserved a plot which will be ready in March.
The housing association have asked me to send them my soloicitor details. They have also given me a list of solicitors frequently used by their purchasers.
As a FTB I don't know what questions I should be asking solicitors before appointing one. Unlike with an open market buy time is not of the essence. Price would definitely be a consideration but what else shou
Q:We've been in our housing association house a year, but in the next 5 years or so ideally we'll be wanting to look to get on the property ladder and were wondering about whether buying our house would be a good investment. Not sure exactly how much our house is worth although houses on our roads have gone for between ￡30,000 and ￡100,000 according to one of the house buying websites but that doesn't really help!
Is Right to buy a good idea or would it be better to just look at
Q:On wednesday I plan to buy a 50% share in a 2 bed, new build flat. A housing association will buy the other 50%.
The full value of the flat is ￡175 000. There is a flat directly above (exactly the same layout) which has been sold for ￡209 000. I asked the Housing agency what the difference is.
The answer I got was that the flats on the open market come with allocated parking. Also there is no flooring (carpets etc) in most rooms in the shared ownership flats aswell as fr
Q:A friend of a friend rents from a Housing Association and says they are being offered money to move out. The place is not being demolished or anything and will be re-let to someone else. Is this common and if so what is the advantage to the Housing Association? I can see the advantage to the current tenant about ￡30k to vacate, but why would the Housing association do this?
Q:Hi everyone!
This is my first post so I hope I have done it right.
My husband and I have been on the waiting list with a housing association for the past three years or so. We currently live in a small one bedroom council flat, however would like to move to a bigger property in order to be able to start a family at some point.
Last week we received details from the housing association of a two bedroom property which has become available (the first we have he
Q:A friend of the other half asked for information on plumbing in the washing machine and connecting up the gas cooker.
On Monday she moved into a new build flat with a housing association on a
rent scheme.We visited the property a found the taps for connecting the washing machine had been put about 3m away from where the item was going.Furthermore the gas didn't have a bayonet or new type fitting as the
housing association were concerned that people would blow themselves up