© 2020 – 2023 AEA3 WEB | AEAƎ United Kingdom News
AEA3 WEB | AEAƎ United Kingdom News
News

Residents trapped with service charges of up to £8,000 a year to take legal action against government

Owners of homes marketed by housing associations as ‘affordable’ are planning a challenge as service costs spiral

• ‘There is no way I can pay’: residents despair of steep costs and ‘poor door’

Residents trapped in properties marketed as “affordable” are planning legal action against the government after being hit with service charges of up to £8,000 a year.

Shared-ownership homes are designed to allow people to get on the property ladder, with residents taking a mortgage on a share and paying subsidised rent on the rest. However, there are also service charges, which can initially be £250 to £350 a month. Once sold, some residents discover these charges can rise to £600 a month or more.

Continue reading…

Related posts

Russia-Ukraine war live: Putin announces ‘partial mobilisation’ of Russia and pledges to use ‘all means available to us’

AEA3

Ukraine’s troops attack along front in apparent precursor to counteroffensive

AEA3

Met to contact two people over party for Shaun Bailey at Conservative HQ

AEA3

Pin It on Pinterest

Share This