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New Build House Mis-Sold! What are our rights?
Comments
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25% of most new estates are for affordable housing..you will get it most places nowIt is nice to see the value of your house going up'' Why ?
Unless you are planning to sell up and not live anywhere, I can;t see the advantage.
If you are planning to upsize the new house will cost more.
If you are planning to downsize your new house will cost more than it should
If you are trying to buy your first house its almost impossible.0 -
cheekychappy wrote: »Is there some form of stigma attached to people in social housing or something?
That would completely depend on who you associate with and their opinions etc on social housing!0 -
Similar thing happened with my ex house (got rid of the house now thank god - these mixed estates do not work - the social tenants had no respect for the area at all - trashed the communal areas and had no respect for anyone else). Be careful....I bought, moved in and the houses that they didn't manage to sell privately, they ended up selling to housing association!
Never again - pull out and run as fast as you can! (otherwise you will lose even more when you come to try and sell when you've had enough of the noise/trashing of the site/lack of respect/rubbish...!)0 -
Also there's nothing to stop the tenure changing of the affordable properties. These developments are a long time in the planning and often even if the intention was that of the affordable units, 50% would be social rent and 50% would be shared ownership, this could be changed to 100% social rent. We often change what tenure we sell/let ours for depending on what's happening in the local sale market, e.g we built a block of 24 units for shared ownership but then social let them all recently. This happens quite a bit. What also happens frequently is developer builds nice new development, with the housing association having say 20% of units. Developer can't sell their private units due to crap sale market and sell the housing association another x% of the units. I've always wondered what the existing private owners think of this, but i guess it can't be too much of a problem for the developer or they wouldn't do it. I guess developer is quite careful about what they put in writing to their buyers.0
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One thing clearly overlooked in all this, is the desperate need for affordable housing. Without the affordable/social housing element eventually the whole system will collapse as not everyone wants or can afford either high rent or a mortgage.
If you want to be sure there are no people who cannot afford high rents or a mortgage living next door to you make sure you can afford a new build on a very small exclusive plot.Truth always poses doubts & questions. Only lies are 100% believable, because they don't need to justify reality. - Carlos Ruiz Zafon, The Labyrinth of the Spirits0 -
I'm buying a new build and i was told affordable housing, the lady working on site didn't know whether or not it was shared ownership. I know as I work in the field that affordable housing is a combination of both affordable rented property and shared ownership. It is also common that if the shared ownership properties dont sell the HA can make them 100% rented. I've also worked on a new build estate where an entire block of flats was sold off to a housing association after all the private people moved in because the developer couldn't sell it!
Don't worry though, not everyone who lives in a housing association property is a complete idiot, in fact many of the people I work with I would have no issue with having them as my neighbours.
With the way the housing market is going and affordable housing being common place on new developments I think it will be very unusual in years to come to buy a house not near to social housing.
I've no issues whatsoever with the location of my new home, I have a neighbour behind who is renting from the housing association. The grass is cut the outside of the property is in good conidtion and there is not a bed sheet hanging up in the window as a makeshift curtain in sight!0
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