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Affordable Housing

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Burke16
Burke16 Posts: 1 Newbie
in Mortgages & endowments
I currently own a affordable housing flat which I have 70% the other 30% is owned by the local council the property when sold is sold at 70% of the market rate. I am in the process of selling this however now on 2 occasions the sale has fallen through due to no mortgage being available although a 10% being provided. Any advise to help buyer and sell my property?

Comments

  • kingstreet
    kingstreet Posts: 39,272 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Why? What's the problem?
    I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.
  • jamesperrett
    jamesperrett Posts: 1,009 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    I've been looking at shared ownership schemes recently and it looks like you probably need a specialist mortgage broker who understands these schemes.
  • kingstreet
    kingstreet Posts: 39,272 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    The OP is the vendor of an SO property who seems to be trying to second-guess his buyer's issue(s).
    I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.
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