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LICHFIELD DC FACES£26,000 LOSS ON SYSTEM-BUILT HOUSE

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Lichfield DC could be forced to pay up to£37,500 to buy back a house it sold to a former tenant for£11,250, the B...
Lichfield DC could be forced to pay up to £37,500 to buy back a house it sold to a former tenant for £11,250, the Birmingham Post reports (p6). The house has stood empty for almost two years with two mortgages unpaid.

Lichfield DC is considering clearing the debts and putting the property back into its stock of homes to rent, but the housing committee said they could be setting a dangerous precedent in using public funds to discharge someone else's debt.

The council sold the property to tenants in 1988, but they moved out after failing to keep up with mortgage payments. The house could not be sold on the open market because it was a system built property on which building societies are no longer prepared to grant mortgages.
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