The scheme was actually ment as a shared ownership scheme for key workers (police, nurses, paramedics, health workers, teachers etc...), not just for renting. My partner signed up for the scheme at the start of 2003 and got her key worker flat in 2004 in not-so-nice Greenford. She purchased 50% of the property with the government funding the other 50%. When she sold it in 2006, she sold her 50% to another key worker making herself a nice little profit. There are plenty of properties out there for key workers but the system is so poorly run that a lot don't know about it.
Key Worker Housing rocks
- Thread starter borichnuke
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actually it was also meant to offer intermediate rent (which im in) as not everyone wants to buy. However housing assoications get less money for renting properties than selling part of them off. I'm a town planner and have the job of trying to get developers to provide 33% affordable properties on large developments.
Borich
p.s. yes there is 2 nurses in my block of flats
No need for the "actually" as I didn't say that the properties weren't for rental purposes. When it was first launched, 5 years or so ago the emphasis was on part ownership and not rent. You has stated earlier that "its pure rent, not part buy part rent" which isn't correct.
Soldato
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Sounds like a well run government scheme. Glad to know our tax isn't being wasted.
Surely empty flats would be wasteful and not filling them with other people when the keyworks won't take them?
(Assumes key workes are aware of them)
Surely not buying/building the flats in the first place when there wasn't demand to fill them would have been sensible?
Good point, agreed.
The real "key workers" in an economy are the private sector employees who generate the wealth and pay the tax to employ public sector workers. If it wasn't for the private sector no public sector workers would have jobs as there would be no wealth generated in the economy. They are the real key workers.
Why should someone earning 10k a year working in a factory making goods for export subsidise the housing of a nurse/copper/fireman/teacher earning 20k a year?
And since when is a town planner a "key worker" anyway? Sounds a bit like a council/govt gravy train to me.
Why should someone earning 10k a year working in a factory making goods for export subsidise the housing of a nurse/copper/fireman/teacher earning 20k a year?
And since when is a town planner a "key worker" anyway? Sounds a bit like a council/govt gravy train to me.
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The block of key worker flats i'm in are all pure rent and they are not offering part buy part rent. They are trying to offer more pure rent properties but the government gives more money for part buy part rent (which isn't much cheaper than buying a flat on the open market) The whole scheme imo is flawed. The good thing with pure rent is it gives u the chance to live away from home and also save money money. Regarding the flats being empty that is becuause all major applications have to provide 33% affordable housing, and if your in a regenerating area (like where i am) it takes time to attract people here.
Borich
p.s. the orignal idea of key worker was presotts idea of the 60k home, which sadly never had a hope in hell of working
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I have no right to be a key worker, considering ill be earning above the uk average next year. But the government has decided to put planners as key workers. I think its a unfair system
Borich
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