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Hello

 

 

For 10 years I had a quarter share in a HA flat. I always paid my occupancy charge (rent on the three quarters owned by the HA) on time.

 

 

When I moved in the HA actively had a list of people suited. I got the impression that several people looked at the flat and it was sold quickly however by the time I gave up the tenancy in December last year I was told (this is not in my terms and conditions) that I must sell my share on the open market.

 

 

Hopefully the contract will be complete any day now but in addition to the mortgage on my house I was told I must continue to pay the occupancy charge. I did so at first understanding that it would take a while to sell but 8 months on it's making me penniless. Is there anything that I can do?

 

 

I also feel that the HA have made it harder to sell. They've discouraged enquirers (to the point the estate agent had to contact them and ask them to desist).

 

 

Please help. We're talking thousands of pounds.

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Offer to sell your Share to HA at x% below current valuation, or reduce your asking price?

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I already signed the sales contract and the other party will sign once everything's done their end. It's not that I can't sell. More that it took a long while.

 

 

I moved last December and gave notice with the HA. They told me that I'd to sell it on the open market. I put it into an estate agent, paid for the home report and after a while a buyer viewed. Put in an offer. It should have been settled in May. The HA were happy as he was looking to but a further share. Then he was made redundant. For months no one looked and I began to get panicky. In July my exemption on council tax expired and I was looking at a bill of approximately £350 a month, I have a £500 mortgage and it was getting to the point of paying the charges on my credit card.

 

 

I even emailed my housing officer and told her that I couldn't afford this.

 

 

Eventually I had two viewings days apart and both contacted the estate agent with a view to putting in offers but both had problems with the HA. Especially the second. He was told he could not even apply to be considered a suitable tenant until the first viewer had considered whether or not to put in an offer. He told me he wanted to make an offer but was hesitant to get involved with the HA. I had suspicions (never proved) that they were putting people off until the guy who lost his job could make another offer as he was their preferred buyer. I could be wrong but there was a long time without a viewing. Then after that viewer's experience the estate agent lost it with them. I don't have the correspondence as it's at work.

 

 

Eventually I got an offer and it's going through but I'm skint, in a house that needs work doing and I've not had the funds to do it and this flat was supposed to be social housing.

 

 

 

 

 

 

So I haven't kept up the payments and yesterday I got an arrears letter.

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Hi

 

As this is Shared Ownership what % did you purchase?

 

What does it say in the legal documents you signed about selling the property under Shared Ownership?


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I have a shared ownership handbook. It says I should contact them and they'll send me a form (they didn't) and then..." once we have received this letter back from you, we will then be able to nominate the applicant from our waiting list in the greatest housing need who will buy your property..." It goes on to say that I'll have to sell my share to them and they will sell it on but I don't recall it being done like that 10 years ago although they were involved.

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Sorry, 25%

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