We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
shared ownership question
honeybloom1
Posts: 24 Forumite
help I need some advice,I currently own a 20% share in a 2 bed house with my husband and 2 children,the house is tiny and we want to move sometime this year,when I contacted Estate agents for fees it was going to cost around £800 to sell the property only to get nothing back as the house price has gone down,we are currently facing unemployment due to my husbands business closing down,what I wanted to know was instead of selling my 20% share can I just change the tennancy over to someone else,as I pay rent and mortgage so it means I only pay the mortgage and can wait till the house prices go up,I think it would be a good way of us being able to move as the mortgage is only £110 a month,can anyone help
0
Comments
-
Who owns the other 80%? Ask them about your options.0
-
its a housing association,poppysarah wrote: »Who owns the other 80%? Ask them about your options.0 -
Well ring them up and have a chat. explain the situation and ask what they can do to help.
General Q on shared ownership - Can you claim LHA for the bit you rent?0 -
yeah I do claim it but its the fact the house is too small for us now as a family thats the real problem0
-
It's only as tiny as when you bought (20% of) it.
Speak to them about selling your share and moving to a bigger place - renting it all this time.0 -
when we moved in we only had one child now we have 2 thats the problem0
-
Let us know what the HA say0
-
Are they same sex, or boy and girl?Been away for a while.0
-
no 2 boys but we are expecting another baby soon0
-
Have you spoken to HA yet?0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 350.4K Banking & Borrowing
- 252.9K Reduce Debt & Boost Income
- 453.3K Spending & Discounts
- 243.4K Work, Benefits & Business
- 597.9K Mortgages, Homes & Bills
- 176.6K Life & Family
- 256.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards