Jump to content
House Price Crash Forum

Recommended Posts

Say someone purchases 70% of a house and the remainder is rented through one of these shared ownership vehicles. What happens if the boiler breaks down. If I were paying rent on the 30% and the boiler broke then i'd only think it fair that the landlord pays their share of the cost.

I had two burst pipes last week and as a renter got the landlord to pay. I could have fixed them myself for less than £20 however it was cold and I didn't feel like spending my own money. :D

Share this post


Link to post
Share on other sites

Say someone purchases 70% of a house and the remainder is rented through one of these shared ownership vehicles. What happens if the boiler breaks down. If I were paying rent on the 30% and the boiler broke then i'd only think it fair that the landlord pays their share of the cost.

Under shared ownership you get the responsibilities of being an owner-occupier along with the restrictions of being a tenant. If the boiler breaks down, then you have to pay the full cost of repair yourself, as with all the other maintenance bills. Yet if you want to do something to improve your home like build an extension, you need to get the housing authority's permission.

Edited by Little Professor

Share this post


Link to post
Share on other sites

thanks guys...

so it's like the worst of both worlds if your the 'owner' and best of both worlds if your the 'landlord' - sounds even worse that a leasehold, don't tell me they are leasehold also :ph34r:

Not exactly but your solicitor will charge you extra conveyancing costs like it is!

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.

  • 312 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.