My first house purchase was £33000 many years ago, a 2 bed terrace, we saved hard and had work done when we could afford it, the area over a few years went downhill to the point of many of them were boarded up, the local Labour council decided to compulsory purchase and demolish them and give homeowners first choice at a reduced price of one of the new properties being built in their place, we had a newborn baby so decided to sell and move elsewhere, the council paid us £6000 leaving us owing about £25000 and struggling to get a mortgage, we spent many years and tears paying off this debt as well as a new mortgage, we spoke to the Labour MP and local councillors, not one helped at all, all they kept saying was we could move into this lovely new estate being built.
I found out a nearby Tory council done something similar, but made sure nobody was left with negative equity when their home was bought, the new estate that was promised was built 18 years later, so this working class bricklayer has never voted for Labour since, and never will.
I found out a nearby Tory council done something similar, but made sure nobody was left with negative equity when their home was bought, the new estate that was promised was built 18 years later, so this working class bricklayer has never voted for Labour since, and never will.