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  5. If a leaseholder property is currently overcrowded (e.g. family living in 1 bedroom flat), can they request shared equity in a 2 bedroom flat in the new development?

If a leaseholder property is currently overcrowded (e.g. family living in 1 bedroom flat), can they request shared equity in a 2 bedroom flat in the new development?

Answer
Posted by Abbas Raza 194sc on March 03, 2016

It depends on the circumstances of the individual household and what share of the equity they can afford. They could also consider the shared ownership option, where they may be better able to afford a larger property.

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The estate regeneration programme is part of the councils drive to build Better Homes. You can find our more at: Lambeth.gov.uk/betterhomes

 

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