Is 'part buy part rent' a public fund ?

[noor1034]

Hi,

Im on WP and soon going to file ILR. I have a question 'does part buy part rent schemes falls under public fund. I purchased 25% share of such scheme from Gensis Homes one year ago. Here is link to association http://www.genesishomes.org.uk/

Please advice ? Im so worried.

Thanks

[Vanadil]

No. The companies and the banks involved with such schemes are usally private and not affliated with the goverment and public funds. However, I would check with your Landlord / bank to confirm and get some peace of mind.




Update: Here's thier companies house page confirming they are a private company:

http://wck2.companieshouse.gov.uk/89edc ... ompdetails

[noor1034]

No. The companies and the banks involved with such schemes are usally private and not affliated with the goverment and public funds. However, I would check with your Landlord / bank to confirm and get some peace of mind.




Update: Here's thier companies house page confirming they are a private company:

http://wck2.companieshouse.gov.uk/89edc ... ompdetails

Many thanks. there is one element which is worrying me that they says we provide subsidized rents and gets partial mony from government.

[Vanadil]

hmm in which case that may be a very odd technicality. This is something that you will need to discuss with the housing company. Only they will have access to the information whether or not it is included.