Sorry if already asked - did a search and nothing (I think).
Anyway - bought on the AH scheme in 2006/7. Its time to move on. Does anyone know/have experience with how the clawback actually works?
I had assumed that it would only apply should the house be sold for a profit on the price originally paid, but speaking to the council, she was very coy on this and wouldn't give me a straight answer.
I would be shocked, and delighted, if we did get a higher price than we paid, especially given how much we have invested in the place in the last few years.
Hi i saw your post from 2018. Im now looking at selling and have tried to get some info from DCC with no luck at all. They tell me there maybe a clawback but after a month asking they dont give me an answer.
Hi i saw your post from 2018. Im now looking at selling and have tried to get some info from DCC with no luck at all. They tell me there maybe a clawback but after a month asking they dont give me an answer.
Quick summary. If affordable housing is under 10 years. Council will get 100% of profit. You will get back capital you paid off mortgage.
If property is under the 20 years you get back a small precentage of profits. 10% for each year over ten years.
If did it again i would not do a afford housing. Great you get a property and home but in 10 years when it has out grown your needs, you becoming second time buyer with no equity in ur Property