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HIDDEN COSTS IN EXERCISING RIGHT TO BUY

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The imposition of a£24,000 service charge has contributed to a former council tenant, who exercised her right-to-b...
The imposition of a £24,000 service charge has contributed to a former council tenant, who exercised her right-to-buy ten eleven years ago, having her flat repossessed twice, reports the Independent on Sunday (10 April, p10).

Five years after she bought her three-bedroom flat for £18,000 in 1983, Mair Slattery added £18,000 of improvements to her home. This brought her mortgage to £30,000 on her property then valued at £60,000.

When Harrow LBC added a service charge of £24,000 for a fire escape, windows - which involved ripping out the windows Mrs Slattery had borrowed money to install - and new roof, she could not make her repayments which were already £1,500 in arrears.

The problem has been brought up at a council meeting, and they believe that it had acted fairly and within the law.
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