| Topic: | Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Why are Hounslow Homes showing a house that has not been on Locator yet??? | |
| Posted by: | Bernadette Paul | |
| Date/Time: | 30/03/10 08:04:00 |
| You did not have to keep the property for 3 years after purchase but, if you sold within the 3 year timescale you would have to pay back some or all of the discount. It was based on a sliding scale. At the time house prices were rising at quite a pace and council properties were frequently undervalued in the first place, so that it often turned a very handy profit to buy and sell within the 3 year timescale although of course not always the case. Also, as I have previously mentioned, L.B. Ealing appeared to sell their stock to people who were not even tenants in the first place. I frequently saw matters where a purchaser was buying what I imagine would have been an empty council property within that borough. Perhaps the tenants had died and the property was vacant and individuals appeared to be able to apply to the council to buy the empty property. I don't know if this was general to all councils but it happened in Ealing because as I said before, they were keen to offload. |