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Calling all Shared Ownership part owners!

26 replies

BooseysMom · 06/03/2019 19:42

Hi, has anyone just had a rent increase on their shared ownership property? After being trapped privately renting for 20 years with no hope of buying our own home, at last a lifeline in the form of a shared ownership house. We were desperate, had a young child in a damp ridden house costing £600 p/m. The only good thing is the landlord never increased the rent in the 8 years we were there. Now we knew what we were signing up to with this SO house and we've ploughed all our savings into the deposit and fees. Then after a year being in our new place DH is made medically redundant. So we're getting worried now. Then the rent is increased by well over the 1.5-3% per year we were told, putting it up by £120 p/a. We only have my wage of £600 p/m now. So my question is can they increase the rent by this much every year? If they can and do we may as well book our place in the homeless hostel now! Thanks in advance x

OP posts:
MinecraftMother · 21/03/2019 14:44

Your solicitor when they reported to you will have taken you through the lease. Who acted for you? I know firms in Worcester...

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