Hi all,
I've had a look at the other posts and the information supplied online but I'm still confused about the clawback on affordable housing. I haven't bought one but i am leaving college this october and really want to get started on the property ladder.
I was just wondering that if I want to sell it before ten years do I have to pay back to the council the market value of the apt when I sell it (thereby the council take any profit made on the apt) or do you have to pay back the market value as to when you bought it. Just considering my options cause if its the first cause then I would think I might be better buying with someone else and taking advantage of any rise in the market???
Any advice or comments would really be helpful.
Thanks!
I've had a look at the other posts and the information supplied online but I'm still confused about the clawback on affordable housing. I haven't bought one but i am leaving college this october and really want to get started on the property ladder.
I was just wondering that if I want to sell it before ten years do I have to pay back to the council the market value of the apt when I sell it (thereby the council take any profit made on the apt) or do you have to pay back the market value as to when you bought it. Just considering my options cause if its the first cause then I would think I might be better buying with someone else and taking advantage of any rise in the market???
Any advice or comments would really be helpful.
Thanks!