Ellen Perry says she can no longer afford to move into the property with her daughter.
A single mum has been left heartbroken after losing out on her dream home due to a £37k price hike. Ellen Perry says she can no longer afford to move into the property with her daughter after the increase.
Ellen signed up to buy the house at a new development in Saughall through a shared ownership scheme in December 2021. However, she claims that there had been various delays in terms of the house and the necessary paperwork being ready. "Two days before Christmas I received a WhatsApp message from the owner of the development company advising me that they’ve parted ways with Auxesia and if I was still interested in buying the house he would put me in the right direction. After a telephone conversation he advised that he was dealing with a new affordable company called Heylo and that I would know more after the new year.
"My original mortgage was £440 a month then rent on top at £290. After the interest increase my mortgage went to £570.The mother says she was devastated by the news and had even began packing to move into the new home with her daughter. She added: "When I found out, I couldn't stop crying."Me and my daughter are devastated. I'm so upset.
Ellen added: "Originally I was going to go for a two-bed house but the affordability let me go for a three-bed so I did. If I'd gone for a two-bed there would only have been a £5,000 increase.
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