We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
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!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Buying an ex-local authority flat
tonyade
Posts: 23 Forumite
Hello guys. I'm a first-time buyer, and I want to put an offer in on an ex-council flat (small block), but our brokers (Charcol) are asking us to confirm that the block is now at least 75% privately owned, otherwise there might be a problem getting a mortgage for this particular flat. We've just got a 5.4% deposit, which is practically 'nothing', according to my not-so-helpful customer rep at Charcol.
There's no way that I can find out how many flats are still council-owned. Yes, I have asked the estate agent, but he doesn't really know.
Not sure what to do. Can you help?
There's no way that I can find out how many flats are still council-owned. Yes, I have asked the estate agent, but he doesn't really know.
Not sure what to do. Can you help?
0
Comments
-
Have you tried asking the owner of the flat you're interested in?
Failing that contact the leasehold unit of the local authority who should be able to give you the info you require.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 -
There's no way that I can find out how many flats are still council-owned......
You could just ask the occupiers.
Failing that, it is often easy to tell by the fixtures and fittings on the flats.
If lots of the flats have exactly the same doors, windows, door furniture etc. then they are probably still council-owned.
This is not foolprooof of course but it can give some indication.dolce vita's stock reply templates
#1. The people that run these "sell your house and rent back" companies are generally lying thieves and are best avoided
#2. This time next year house prices in general will be lower than they are now
#3. Cheap houses are a good thing not a bad thing0 -
Have you asked the council? I know that the Corporation of London publishes this information on their website. I don't know about other housing departments.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.4K Banking & Borrowing
- 254.4K Reduce Debt & Boost Income
- 455.4K Spending & Discounts
- 247.3K Work, Benefits & Business
- 604K Mortgages, Homes & Bills
- 178.4K Life & Family
- 261.5K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards