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!
Selling a part own house in disrepair
DuvetHound
Posts: 13 Forumite
Hello Folks,
This is going to be long - sorry.
Back in the sunny days of 1991 my dad bought a 25% share of a home with my mother, 75% is owned by a housing association. The mortgage is an endowment type and is near to expiry (2 years) and as far as my dad is aware, will fall short.
2 years after purchasing the property my mother left my dad. He was left with the house, myself and my brother. My dad never wanted to own a property but my mother convinced him to buy instead of renting (and then went on her merry way). My dad bought me and my brother up and has done a fantastic job but the house has fallen into disrepair. As a result of all of this (as well as some other issues) my dad is suffering with mental health problems and cannot manage the sale of the property.
I have suggested to him that I act as his proxy and manage the sale on his behalf, he is more than happy with this... which leads me to here.
A year ago he wrote a letter to the HA asking for help in the sale of the property as it is, or help to make the property more sale-able, the HA stated that he was not able to receive any help for either requests... I struggle to believe that they own 75% of the property but have no responsibilities towards its sale/upkeep. I also struggle to believe that there is nothing that can be done to help my dad.
A few years ago the HA suggested that the only way he could sell the property is to purchase the remaining share and then sell it as a whole... again, how??
Dad is aware that he will not make any profit from the sale, this isn't a problem, but there must be a way that we can sell his share?
Does anyone have any suggestions? I am frantic to help my dad as I hate seeing him to stuck.
Many thanks!
This is going to be long - sorry.
Back in the sunny days of 1991 my dad bought a 25% share of a home with my mother, 75% is owned by a housing association. The mortgage is an endowment type and is near to expiry (2 years) and as far as my dad is aware, will fall short.
2 years after purchasing the property my mother left my dad. He was left with the house, myself and my brother. My dad never wanted to own a property but my mother convinced him to buy instead of renting (and then went on her merry way). My dad bought me and my brother up and has done a fantastic job but the house has fallen into disrepair. As a result of all of this (as well as some other issues) my dad is suffering with mental health problems and cannot manage the sale of the property.
I have suggested to him that I act as his proxy and manage the sale on his behalf, he is more than happy with this... which leads me to here.
A year ago he wrote a letter to the HA asking for help in the sale of the property as it is, or help to make the property more sale-able, the HA stated that he was not able to receive any help for either requests... I struggle to believe that they own 75% of the property but have no responsibilities towards its sale/upkeep. I also struggle to believe that there is nothing that can be done to help my dad.
A few years ago the HA suggested that the only way he could sell the property is to purchase the remaining share and then sell it as a whole... again, how??
Dad is aware that he will not make any profit from the sale, this isn't a problem, but there must be a way that we can sell his share?
Does anyone have any suggestions? I am frantic to help my dad as I hate seeing him to stuck.
Many thanks!
0
Comments
-
No real advice from me but just wanted to post as I can imagine how frantic both you & your poor father must be feeling with the situation.
Perhaps if you go & look on the Shelter website, you will be able to get some help and advice there.
The other thing I would suggest is contacting your local MP asap as surely the HA do have some responsibility here towards the portion that they still own & that your father will be paying rent on along with his mortgage payments. I personally think they need to give your fathers case special consideration, especially if it is affecting his mental health.The bigger the bargain, the better I feel.
I should mention that there's only one of me, don't confuse me with others of the same name.0 -
It could well be that a condition of the sale of the 25% share was that your father keep the property in a good state of repair. Whereas when a HA/council wholly owns a property they will carry out necessary repairs and maintenance, they probably will not do so on a part owned property.If you are querying your Council Tax band would you please state whether you are in England, Scotland or Wales0
-
Thank you Cattie, it is horrible seeing him so depressed. I will look at Shelter.
LinCroft, I have a horrible feeling you are right. I just feel so bad as he never wanted the property in the first place :-(0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.7K Banking & Borrowing
- 253.4K Reduce Debt & Boost Income
- 454K Spending & Discounts
- 244.6K Work, Benefits & Business
- 600K Mortgages, Homes & Bills
- 177.3K Life & Family
- 258.3K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards