SarahBell Posted November 15, 2014 Share Posted November 15, 2014 http://www.rightmove.co.uk/property-for-sale/property-49098176.html Shared ownership - any rules that say it has to be a housing association that owns the rest? ++++ 25% SHARED OWERSHIP ++++ ( enquire for further details ) I am assuming it's not a HA property as there are none that I know of on that road - they've all been private houses since built. Quote Link to comment Share on other sites More sharing options...
sPinwheel Posted November 15, 2014 Share Posted November 15, 2014 Council? Quote Link to comment Share on other sites More sharing options...
SarahBell Posted November 15, 2014 Author Share Posted November 15, 2014 Council? Nope. Not unless they buy private houses Quote Link to comment Share on other sites More sharing options...
Wurzel Of Highbridge Posted November 15, 2014 Share Posted November 15, 2014 A landlord out for a quick £30k to pay off the mortgage and reduced rent forever on a secured tenancy + no maintenance. IMO you'd be better off renting a house and getting the landlord to undertake the maintenance. This is simply a con trick to shift liability and give the landlord a chunk of cash in their pocket. If prices fell in this area then you would be no better than a tenant responsible for the maintenance. Quote Link to comment Share on other sites More sharing options...
renting til I die Posted November 15, 2014 Share Posted November 15, 2014 A landlord out for a quick £30k to pay off the mortgage and reduced rent forever on a secured tenancy + no maintenance. IMO you'd be better off renting a house and getting the landlord to undertake the maintenance. This is simply a con trick to shift liability and give the landlord a chunk of cash in their pocket. If prices fell in this area then you would be no better than a tenant responsible for the maintenance. This seems to be how their will keep the ponzi going for longer than we think possible. Spoken to a few youngsters lately who seem to think that shared ownership is a good idea! Anything to get onto that holy grail, the property ownership ladder! Quote Link to comment Share on other sites More sharing options...
MattW Posted November 15, 2014 Share Posted November 15, 2014 Like Sarah, some months ago I posted a similar thread about a house in my city that up for sale as 'shared ownership' like this. It was once a council house that was sold under RTB in the previous 34 (or so) years. I wondered what happened in the interim for that house to offered for sale @ a %age share? Quote Link to comment Share on other sites More sharing options...
Snugglybear Posted November 16, 2014 Share Posted November 16, 2014 There's an article on property118 on the possibility of shared ownership schemes by private landlords http://www.property118.com/how-does-shared-ownership-work/63904/ One thought is that a housing assocation may have bought the house at some point. There's one house in my street of terraced houses which was bought by a housing association in the late 80s / early 90s and which it still owns. There's a large detached house two streets over which was bought at a later date by a housing association and converted into flats. Unless you talked to the neighbours or searched in the Land Registry, you wouldn't know who owned these two properties. Quote Link to comment Share on other sites More sharing options...
Habeas Domus Posted November 16, 2014 Share Posted November 16, 2014 Where I live there are lots of old period properties owned by or ex-HA, they tend to be leasehold flats and the HA owns the freehold. When sold the HA can then collect management fees (currently £5K per year) for all the flats they have sold but still own the freehold on. When they sell flats or apartments within a building, they never sell more than 49%, thus making it impossible for the private owners to ever band together and take over the freehold. Quote Link to comment Share on other sites More sharing options...
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