Share ownership Subletting trouble

Titus_Wadd

I'm not sure how helpful they'll be but email your MP and local councillors.  It's just another modern day poverty trap if you can't sell without negative equity and the HA won't allow you to fund your mortgage with a tenant. 

I've found our MP useless but one councillor has been very helpful when we had a planning permission issue and bizarre neighbour behaviour.  Beyond that I'm not sure what else you can do.  I hope you find a solution.

Comms69

Titus_Wadd said:

I'm not sure how helpful they'll be but email your MP and local councillors.  It's just another modern day poverty trap if you can't sell without negative equity and the HA won't allow you to fund your mortgage with a tenant. 

I've found our MP useless but one councillor has been very helpful when we had a planning permission issue and bizarre neighbour behaviour.  Beyond that I'm not sure what else you can do.  I hope you find a solution.

Strangely neither the council nor an MP has any say over this... 

theoretica

One of your problems is likely that rooms look smaller when they are overcrowded, and it sounds like you must have more beds etc than normal in them.  Have any similar properties sold?  If so, yours might just be not selling because you so clearly have outgrown it.  It might be worth discussing this with your estate agent.

[Deleted User]

mummy4545 said:

Lover_of_Lycra said:

mummy4545 said:

csgohan4 said:

Comms69 said:

You can move out if you want, no-one stopping you doing that. 

Absolutely no obligation for them to allow you to let it out. This seems like a situation of your own making to some degree, surely just sell it...

Seems the OP has tried, maybe overpriced??

SO is a niche and for all the threads banging about SO being a step on the housing ladder and you must get it, this is another reason not to go with SO ergo housing ladder at all costs. 

Not sure if its the price. But most of the viewers has complained about tye size of the rooms being too small. Surely there should be like a body that can help with this kind of situation.

Anything will sell if priced correctly.  You must be asking more than buyers are willing to pay if you have unsuccessfully been trying to sell your 50% share for a period.

There isn't a body to help.  I'm not sure why you think there should be. You chose to purchase a 2-bedroom SO property and then you chose to increase the size of your family.

I don't understand why you can afford to staircase to 100% when the sublet ends (whenever that might be) but that you can't do it now.  How do you intend being able to staircase to 100% and why would you want to if you no longer want to live in the property. 

If I am able to sublet the flat now and staircase, then I will be able to rent out the flat permanently while I can continue to live in a bigger place. I need a bigger place. I cant continue to live in a 2 bedroom flat. I decided to have more children.  That is my choice. I did not imagine this kind of problem. Didnt realise getting into share ownership can be complicated like this. The price is not tye problem. No vieweer has any issue with the price.

It absolutely is the price.  You'd have the same problem trying to sell a non-SO property if you were asking for more money than people are willing to pay for a property with small rooms.

I'm confused, are you saying that you can staircase now so that you own 100% of the leasehold?  Is it the lease that prevents you for letting the property?

noitsnotme

mummy4545 said:

Lover_of_Lycra said:

mummy4545 said:

csgohan4 said:

Comms69 said:

You can move out if you want, no-one stopping you doing that. 

Absolutely no obligation for them to allow you to let it out. This seems like a situation of your own making to some degree, surely just sell it...

Seems the OP has tried, maybe overpriced??

SO is a niche and for all the threads banging about SO being a step on the housing ladder and you must get it, this is another reason not to go with SO ergo housing ladder at all costs. 

Not sure if its the price. But most of the viewers has complained about tye size of the rooms being too small. Surely there should be like a body that can help with this kind of situation.

Anything will sell if priced correctly.  You must be asking more than buyers are willing to pay if you have unsuccessfully been trying to sell your 50% share for a period.

There isn't a body to help.  I'm not sure why you think there should be. You chose to purchase a 2-bedroom SO property and then you chose to increase the size of your family.

I don't understand why you can afford to staircase to 100% when the sublet ends (whenever that might be) but that you can't do it now.  How do you intend being able to staircase to 100% and why would you want to if you no longer want to live in the property. 

The price is not tye problem. No vieweer has any issue with the price.

They do have an issue as they obviously feel they are not getting enough space for the price you’re asking, otherwise surely it would have sold by now.

mummy4545

Titus_Wadd said:

I'm not sure how helpful they'll be but email your MP and local councillors.  It's just another modern day poverty trap if you can't sell without negative equity and the HA won't allow you to fund your mortgage with a tenant. 

I've found our MP useless but one councillor has been very helpful when we had a planning permission issue and bizarre neighbour behaviour.  Beyond that I'm not sure what else you can do.  I hope you find a solution.

Thank u @Titus wadd. Will tcontact the Mp.  

mummy4545

noitsnotme said:

mummy4545 said:

Lover_of_Lycra said:

mummy4545 said:

csgohan4 said:

Comms69 said:

You can move out if you want, no-one stopping you doing that. 

Absolutely no obligation for them to allow you to let it out. This seems like a situation of your own making to some degree, surely just sell it...

Seems the OP has tried, maybe overpriced??

SO is a niche and for all the threads banging about SO being a step on the housing ladder and you must get it, this is another reason not to go with SO ergo housing ladder at all costs. 

Not sure if its the price. But most of the viewers has complained about tye size of the rooms being too small. Surely there should be like a body that can help with this kind of situation.

Anything will sell if priced correctly.  You must be asking more than buyers are willing to pay if you have unsuccessfully been trying to sell your 50% share for a period.

There isn't a body to help.  I'm not sure why you think there should be. You chose to purchase a 2-bedroom SO property and then you chose to increase the size of your family.

I don't understand why you can afford to staircase to 100% when the sublet ends (whenever that might be) but that you can't do it now.  How do you intend being able to staircase to 100% and why would you want to if you no longer want to live in the property. 

The price is not tye problem. No vieweer has any issue with the price.

They do have an issue as they obviously feel they are not getting enough space for the price you’re asking, otherwise surely it would have sold by now.

That is another issue. If its the price, I cannot lower the price unless the HO agree to this. The properrty was valeued by a surveyor and the price was sent to the HO. I dont have power over the price at all.

noitsnotme

mummy4545 said:

noitsnotme said:

mummy4545 said:

Lover_of_Lycra said:

mummy4545 said:

csgohan4 said:

Comms69 said:

You can move out if you want, no-one stopping you doing that. 

Absolutely no obligation for them to allow you to let it out. This seems like a situation of your own making to some degree, surely just sell it...

Seems the OP has tried, maybe overpriced??

SO is a niche and for all the threads banging about SO being a step on the housing ladder and you must get it, this is another reason not to go with SO ergo housing ladder at all costs. 

Not sure if its the price. But most of the viewers has complained about tye size of the rooms being too small. Surely there should be like a body that can help with this kind of situation.

Anything will sell if priced correctly.  You must be asking more than buyers are willing to pay if you have unsuccessfully been trying to sell your 50% share for a period.

There isn't a body to help.  I'm not sure why you think there should be. You chose to purchase a 2-bedroom SO property and then you chose to increase the size of your family.

I don't understand why you can afford to staircase to 100% when the sublet ends (whenever that might be) but that you can't do it now.  How do you intend being able to staircase to 100% and why would you want to if you no longer want to live in the property. 

The price is not tye problem. No vieweer has any issue with the price.

They do have an issue as they obviously feel they are not getting enough space for the price you’re asking, otherwise surely it would have sold by now.

That is another issue. If its the price, I cannot lower the price unless the HO agree to this. The properrty was valeued by a surveyor and the price was sent to the HO. I dont have power over the price at all.

And therein lies the problem.

mummy4545

theoretica said:

One of your problems is likely that rooms look smaller when they are overcrowded, and it sounds like you must have more beds etc than normal in them.  Have any similar properties sold?  If so, yours might just be not selling because you so clearly have outgrown it.  It might be worth discussing this with your estate agent.

Thanks@theoretica . Yes we have outgrown the place. There are bed and many stuffs every where. will discuss with the estate agent what can be done. 
Thanks

Comms69

You can sell your share as you wish afaik