peterroe wrote:As an example. My partner and I live in a shared ownership property in Southwark. My partner works but I was made redundant just before Xmas.
I'm not sure that we will get the "right to buy" but the flat above ours (exactly the same layout, etc) has just sold for £675,000. It will need to be some discount!
I am wondering if it is worth looking for employment if that will take us above the £40,000 household income. The so-called market rent will eat up at least one entire salary, probably more. So, I'll be better off looking for part time, lower paid and/or irregular freelance work. Or not working at all.
The new housing law will make me homeless, jobless or having and/or having to leave London completely and starting again somewhere else. I'm 60 this year. Great prospects!
For the latest local news and events direct to your inbox every Monday, you need our weekly email newsletter SE1 Direct.
7,000+ locals read it every week. Can you afford to miss out?
Read the latest issue before signing up