Just got letter from Council re rent increase

I just came home to a letter from the Council stating that my shared ownership rent is going up in July. I don't remember this happening last year but I guess it must have. I know it is in the lease that rent goes up by 4% each year. However, rents are falling every where else in the market so I would have expected that the Council would be reviewing the matter. Anyone any views on this? Incidentally I have has my apt on the market for the past year and no joy so far. I emailed the Council a couple months ago asking them what my options were in terms of buying them out. No response.
Getting very frustrated!

Vixter

vixter said:

I emailed the Council a couple months ago asking them what my options were in terms of buying them out. No response.
Getting very frustrated!

Vixter

Click to expand...

I am not familiar what the terms are around shared ownership but if I were you I would put my concerns in writing to them rather than on an e-mail.

Thanks Marieta, you are right about a letter being better than an email. I had just sent an email to the Housing Dept asking them to send me info on buying out their share of the property and have not heard back. I only got the letter from them today about the rent so haven't had a chance to contact them as yet.

Vixter, this might be of use to you,

'You may increase the proportion you are buying at any time, either by adding to your mortgage or paying cash'.

http://www.citizensinformation.ie/c...home/help-with-buying-a-home/shared_ownership

Thanks for that Marietta.

Vixter