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Selling affordable home

The Ayatolla · 2013-10-06 21:44:09

Bought house in 2005 for 180k as part of affordable housing scheme I have around 10k paid off the mortgage Someone has offered 120k to buy the house. Are there going to be any major stumbling blocks here with the local authority and the sale ?? Am I liable to pay them any money ?

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#32 16-04-2014 5:07pm
The_Morrigan

Registered Users Posts: 9,368 ✭✭✭

Join Date: January 2010

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Ray Palmer wrote: »

Some of the mortgages were half and half with the bank and council. You pay the bank the mortgage and you pay the council rent. Later on you get a bigger mortgage and pay the council off.

I thought most of the schemes were like this with some of the earlier ones being affordable housing you just got with the banks. The half and half was the much larger scheme is how I recall it. Maybe it is a different name?

That's shared ownership, so a completely different scheme.

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