Jump to content
House Price Crash Forum
Catch22

Radio Five Live Now Salford Housing

Recommended Posts

Interesting

obviously just caught the tale end of the feature there :rolleyes:

Sounds like it was the council knocking down rows of easily renovated [ at little cost, compared to new build ] terraced housing, and replacing with new housing. But owner occupiers happy to stay where they are, are having to end up owing money after compulsory purchase of their homes. Council offering them the new houses with the difference on values as loans. And they only have to pay the council back the loan difference if/when they sell at a profit.

Of course if the values drop they slip into "negative equity" on what they owe the council, where as if they had stayed in their existing homes they would owe nothing.

Edited by Catch22

Share this post


Link to post
Share on other sites

Ah in Manchester (the east bit) OO were bought out for say 45k and then told to rebuy a place was 120k.

They were told they were given market value.

Didn't sound like it to me.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.