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Retirement flat on a shared ownership basis

After selling the family home my mum bought a retirement flat within a large property but has since passed away and now my 2 brothers and myself have been left this property (mum owning 25% and newport city homes owning the greater 75%) and we do not know what to do with it as there isnt a lot of interest in the property once people realise it is shared ownership. And from what I can gather other families left in the same situation with these flats end up giving the flats back to newport city homes as they can not sell them or afford to pay the monthly rent/maintenance costs required. We do not want to end up in the same situation as my mum and dad both worked very hard all their lives for the money that they had and now it is running away to nch who are just wating for us to hand the flat over to them because we cant afford to keep paying out each month........please help us!!!

Asked on Feb 1 2015, General in Wales | Report content

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