ladbible homepage
ladbible homepage
  • Home
  • News
    • UK
    • US
    • World
    • Ireland
    • Australia
    • Science
    • Crime
    • Weather
  • Entertainment
    • Celebrity
    • TV
    • Film
    • Music
    • Gaming
    • Netflix
    • Disney
  • Sport
  • Technology
  • Travel
  • Lifestyle
  • Money
  • Originals
    • FFS PRODUCTIONS
    • Say Maaate to a Mate
    • Daily Ladness
    • UOKM8?
    • FreeToBe
    • Citizen Reef
  • Videos
  • Advertise
  • Terms
  • Privacy & Cookies
  • License Our Content
  • About Us & Contact
  • Jobs
  • Latest
  • Archive
  • Topics A-Z
  • Authors
Facebook
Instagram
X
Threads
Snapchat
TikTok
YouTube
Submit Your Content Here
  • GAMINGbible
  • LADbible Group
  • UNILAD
  • SPORTbible
  • Tyla
  • FOODbible
  • UNILAD Tech
Couple devastated after finding out new home was 'worthless' when discovering huge mistake
Home>News>UK News
Published 16:24 29 Mar 2024 GMT

Couple devastated after finding out new home was 'worthless' when discovering huge mistake

The Bradford family were shocked after reading the valuation.

Joshua Nair

Joshua Nair

google discoverFollow us on Google Discover

This couple were in for a massive shock when they received the valuation of their new home.

Steph and Chris were first-time homeowners, snapping the three-bedroom home up with just £130,000 of their own money, with the remaining 20% paid for by the UK government through a help-to-buy scheme.

The married couple's joy was short lived though, as in 2015, when applying for a new mortgage, they couldn't believe what the value of their house was.

Advert

Due to construction issues that were not properly assessed upon completion, the Bradford home was worth a grand total of £0.

But it wasn't just them on the estate, as all 13 houses had the same issues that were missed, which was revealed on a damning episode of BBC One's Rip Off Britain show, four years ago.

Chris, a father of two and a graphic designer, expressed how he felt on the show: "It's a mess. We feel let down by the systems in this country.

"There's been so many people who we should have been able to trust and rely on and no one wants to help."

And there was more, as the developers behind the estate, Sherwood Homes, went bankrupt in February, leaving residents and their families with thousands of pound worth of unfinished work.

Chris further revealed: "We tried to contact Sherwood Homes. There was no reply. They stopped answering phone lines and emails. We were in a state of panic."

The couple, like others on the estate, were shocked to find out that their homes were worth nothing.
BBC

Another problem with the homes were their proximity to an antiquated landfill site, which, despite being inactive for over 40 years, still releases fatal methane gas when merged with any other gas.

The plan was for builders to add a safeguarding layer under each home's flooring, but residents weren't sure if they did this at all, or properly, based on their experience.

House buying pro Gary Rycroft explained that inhabitants should express their complaints and concerns about the solicitors that were handling the purchases instead.

He said: "The conveyancing solicitor on the face of it hasn't spotted various issues you would expect them to spot."

The home lost all of its value.
BBC

A representative from Bradford Council expressed regret about the situation to The Mirror, saying they have been 'let down' by the agencies and developers, but that the Council have supported residents throughout.

They also revealed that some residents have taken legal action against the developer's agencies, which the Council encourages.

A spokesperson from Homes England also told the Mirror that they spoke in particular to Chris and Steph, acknowledging the stressful situation they are in and said that Homes England will stop collecting interest on similar loans fromt hose affected by this problem.

LADbible have reached out to Bradford Council and Homes England for further comment.

Featured Image Credit: BBC

Topics: Home, UK News, Money

Joshua Nair
Joshua Nair

Joshua Nair is a journalist at LADbible. Born in Malaysia and raised in Dubai, he has always been interested in writing about a range of subjects, from sports to trending pop culture news. After graduating from Oxford Brookes University with a BA in Media, Journalism and Publishing, he got a job freelance writing for SPORTbible while working in marketing before landing a full-time role at LADbible. Unfortunately, he's unhealthily obsessed with Manchester United, which takes its toll on his mental and physical health. Daily.

X

@joshnair10

Recommended reads

Wowcher apologises after being called out for disturbing advert mocking boy, 3, thrown into crocodile enclosureJohnson's of Old HurstKatie Price blasts Dwight Yorke in damning Father’s Day post over son HarveyInstagram/@katiepriceTruth behind viral 'Idiot Sandwich' skit as dish is available at several Gordon Ramsay restaurantsCBSBrits picked to help shape digital IDs reveal what they really think - with some even changing their mindsWiktor Szymanowicz/Future Publishing via Getty Images

Advert

  • Couple renovating new home made haunting discovery when they dug up floorboards
  • Couple buy first home at just 19 using simple trick despite eating takeaway three times a week
  • 'Devastated' family 'scammed out of £1,800' when five-star holiday resort 'did not exist'
  • People shocked after finding out real age of Kevin’s mum in Home Alone

Choose your content:

11 mins ago
an hour ago
3 hours ago
  • Johnson's of Old Hurst
    11 mins ago

    Wowcher apologises after being called out for disturbing advert mocking boy, 3, thrown into crocodile enclosure

    The firm has apologised for the 'unacceptable' post

    News
  • Wiktor Szymanowicz/Future Publishing via Getty Images
    an hour ago

    Brits picked to help shape digital IDs reveal what they really think - with some even changing their minds

    Chief Secretary to the Prime Minister Darren Jones spoke to LADbible about digital IDs and the security around it.

    News
  • (NASA)
    3 hours ago

    NASA shares new image of ‘Super El Niño’ that could have potentially devastating impact

    A particularly strong El Niño could impact global supply chains, increasing the price of food

    News
  • TikTok/tylerbrodsky2
    3 hours ago

    Dad hits back after ex-partner slammed him for ‘exploiting’ daughters in viral bathroom video

    Zoe Lavely accused the father of her children of 'capitalising' on their daughters distress for money

    News