April 24, 2024

Shared ownership: Immensely complex; nothing shared when it comes to costs; clever ‘investors’ scent a revenue source to replace ground rents

By Sebastian O’Kelly This is a longer version of an article I wrote for the i Newspaper last week: Why shared ownership is the most problematic form of housing The shared ownership leases have come with the usual nasties designed to ramp up the value of the freehold interest, whether to the benefit of housing […]

Family save £25,000 over McCarthy and Stone shared equity lease, thanks to Better Retirement Housing

A family selling a McCarthy and Stone retirement flat with a rip-off lease condition have been saved £25,000 after the case was taken up by Better Retirement Housing. Rita May Bailey, who is now deceased, bought the one-bedroom flat at Bridewell Court, in Widnes, Cheshire in February 2008, which has a registered price of £167,450. […]

Your Housing Group shared equity retirement flat sells for £39,000, after three years on the market

A Your Housing Group shared 75% equity retirement flat has sold for only £39,129.26, after three years on the market. The property is at Your Housing Group’s Heyeswood Retirement Village, in Haydock, Merseyside. The property was bought by the mother of Cath White in August 2015 for £92,213 but has now sold – after three years […]