Friday, 26 April 2013

Second Council Invites Applicants to Buy £1 Homes

Liverpool City Council is inviting applications from people interested in buying a house from the Council for a nominal price of £1. Applicants will go through an evaluation and selection process and those who are successful will be offered a property. In this pilot there are 20 houses available.  The successful applicants will then be given an opportunity to improve the property within a prescribed timescale to the quality and specification set out by the Council. The assessment over whether this standard has been achieved will be at the sole discretion of the Council. If the assessment confirms full compliance with requirements then the property will be sold to the successful applicant for £1. Application forms for the scheme are available after 4,000 people registered interest.  This is two days after Stoke-on-Trent started its application for a similar scheme for which it had already received 600 expressions of interest.
Read more on the Liverpool Council website.

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