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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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Faced with a lack of money for refurbishment and a serious shortage of genuinely affordable homes, the Lambeth Council is taking a lead in bold, but necessary, decisions like estate regeneration to build better homes for our existing tenants and more homes for the wider community - find our more. Archive of old pages. 

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