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I bought 25% of a flat 3 years ago. I moved in with my boyfriend last year and let the flat to some friends which was contrary to my tenancy agreement. My relationship broke up and
Posted in: Selling shared ownership flat
I bought 25% of a flat 3 years ago. I moved in with my boyfriend last year and let the flat to some friends which was contrary to my tenancy agreement. My relationship broke up and I moved in temporarily with my father as I am 6 months pregnant and unemployed, so unable to move back into the flat. I asked the HA to buy back my share of the flat but in the meantime they found out about me sub-letting the flat. They want me to remove my tenants before they start sorting out the possible purchase of the flat and are threatening legal action, but without my tenants I can't pay the rent or the mortgage and am desperate to sell the flat. I have no means of borrowing the money to pay the rent/mortgage for however long it is going to take to complete the sale and my father is retired and is unable to help me.
I know it's my own fault but is there any way out of this? Thanks in advance for any constructive advice.