The problem wasn't that Thatcher allowed council houses to be sold of, it was that she refused to let councils use the recipts to build more council houses. AFAIK central government takes 70% of the sale price.
ransos - and sold them for less than the cost of the replacements.
Selling the homes is no issue - indeed possibly a good thing so long as the council does not end up subsidising the buyers - which is what happened
Indeed. The stupid thing is that the build cost is far less than the market value - so the houses could have been offered at substantial discount to the tenant, and still generate enough money for the council to build a replacement.
Find a rich girlfriend. Worked for me
I was disgusting council housing a with a colleague earlier. We came to the conclusion that the govt has missed recently. With the recession the govt should have spent money on house building projects. It would have a) got the construction industry through the recession (and there kept people in work), and b) provided much needed homes for people. If they were really imaginative they could have ensured all the houses were very green, and included apprenticeship for people.
Quick gender reassignment.
Leave the father.
Top of housing list.
Why do people like to make things hard!
rogerthecat, you must have been to Stevenage. I sure it's the under age single mother capital, their career advice must run something like 14 get laid, have kid, 16 get flat or house.
I work in a H.A. but not in the sales dept so I can only give you a bit of an overview as to what's going on at our place.
Like the rest of the market the sales on our Shared Equity has dropped, we have several millions tied up in stock, the people that take up buy to let are the people least likely to be able to get a mortgage, this has got even tougher with banks wanting up to 20% deposit and then finding any reason to pull out.
The result of this is you are seriously considering shared equity HA's will be very keen to sign you up. I'm not so sure that they will reduce the price of the house as they are already "affordable" but they will do things like offer free rent, pay or contribute to legal costs and offer cash to help moving in costs.
I'm sure conditions vary from HA to HA but as long as you don't earn over 60k a year you are eligible.
This topic has been closed to new replies.