{"id":84826,"date":"2018-04-09T13:00:52","date_gmt":"2018-04-09T06:00:52","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/housing-association-charges-100-fees-for-selling-a-shared-ownership-flat\/"},"modified":"2018-04-09T13:02:55","modified_gmt":"2018-04-09T06:02:55","slug":"housing-association-charges-100-fees-for-selling-a-shared-ownership-flat","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/housing-association-charges-100-fees-for-selling-a-shared-ownership-flat\/","title":{"rendered":"Housing association charges 100% fees for selling a shared-ownership flat"},"content":{"rendered":"


\nMy daughter owns 40% of the flat so surely her association should charge her fees based on her share?Q Two years ago, my daughter and her partner bought a 40% share in a shared-ownership housing association flat in Hackney, east London. Her company is relocating so they are having to sell their share. Buying this way was their only option in London to get on the property ladder as is the case with many young people. My question relates to the marketing costs the housing association is allowed to charge for their services when the share is sold. Of course it is reasonable that the seller should pick up the bill for the housing association\u2019s legal fees as the sellers started the selling process. But surely the housing association should not be allowed to charge their percentage marketing fee on the full value of the flat rather than on the sellers\u2019 share? In my daughter\u2019s case the flat is valued at \u00a3590,000 meaning that her 40% share is worth \u00a3280,000. But the housing association says that if it finds a new buyer it will charge a marketing fee of 1.25% of the full valuation of \u00a3590,000, which would mean a fee of \u00a37,375 which seems like daylight robbery to me. If it was charged on the value of my daughter\u2019s share the marketing fee would be only \u00a33,500. PC Continue reading…
\n
\nSource : theguardian.com
\nRead more…Housing association charges 100% fees for selling a shared-ownership flat<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

My daughter owns 40% of the flat so surely her association should charge her fees...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-84826","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-m4a","jetpack-related-posts":[{"id":51578,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/no-one-calls-the-housing-association-repairs-line-theres-no-point\/","url_meta":{"origin":84826,"position":0},"title":"'No one calls the housing association repairs line. There's no point'","date":"April 11, 2017","format":false,"excerpt":"\r Victoria Musguin says she has suffered flooding and loss of hot water for weeks at a time at her newly built flat Storm of complaints over new-build homesVictoria Musguin is a member of a social tribe at the heart of London\u2019s mounting housing scandals: young professionals living in shared\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":115050,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/shared-ownership-flats-mum-died-not-knowing-i-would-be-left-with-25000-debt\/","url_meta":{"origin":84826,"position":1},"title":"Shared ownership flats: \u2018Mum died not knowing I would be left with \u00a325,000 debt\u2019","date":"March 21, 2020","format":false,"excerpt":"\r Lois Ploughman thought her property was a sound investment to leave her family. Instead, her daughter was bequeathed a huge headacheA woman has accused a housing association of saddling her late mother\u2019s estate with a \u00a325,000-plus debt that is growing by more than \u00a31,000 a month.When Penny Ashcroft\u2019s mother\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":111570,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/were-selling-a-shared-ownership-home-what-is-a-fair-price\/","url_meta":{"origin":84826,"position":2},"title":"We're selling a shared ownership home \u2013\u00a0what is a fair price?","date":"October 14, 2019","format":false,"excerpt":"\r The housing association\u2019s surveyor seems to have priced about \u00a350,000 too lowQ We are currently in the process of selling our 40% share in a shared ownership property.The rules of the housing association are that we have to sell for the price a Rics surveyor sets. We had our\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":57320,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/affordable-shared-ownership-flat-in-hackney-on-the-market-for-1m\/","url_meta":{"origin":84826,"position":3},"title":"'Affordable' shared ownership flat in Hackney on the market for \u00a31m","date":"August 24, 2015","format":false,"excerpt":"\r Price of home means anyone with a household income of less than \u00a377,000 is unlikely to get a mortgageA shared ownership flat valued at more than \u00a31m has gone on sale in east London, in another sign of London\u2019s growing affordability problem for would-be homebuyers.Shared ownership, offered through housing\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":110258,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/plan-to-change-shared-ownership-equity-rules-described-as-tinkering\/","url_meta":{"origin":84826,"position":4},"title":"Plan to change shared ownership equity rules described as 'tinkering'","date":"August 28, 2019","format":false,"excerpt":"\r Labour dismisses housing secretary\u2019s plan to allow buyers to boost stake in smaller stepsPeople seeking to get on the housing ladder through shared ownership may be allowed to increase the proportion of the home they own in smaller steps than currently allowed, the housing secretary, Robert Jenrick, has announced.Instead\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":144363,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/lq-has-raised-my-flats-service-charge-by-41-i-cant-afford-it\/","url_meta":{"origin":84826,"position":5},"title":"L&Q has raised my flat\u2019s service charge by 41%. I can\u2019t afford it","date":"May 13, 2024","format":false,"excerpt":"\r This is causing enormous stress \u2026 and we don\u2019t even know what the money is needed forI own 35% of a one-bedroom shared ownership apartment run by the housing association L&Q. Since completion, 15 months ago, the \u00adservice charge has increased by 41% from \u00a3182.46 a month to \u00a3257.58,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/84826"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=84826"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/84826\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=84826"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=84826"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=84826"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}