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Saturday, March 21, 2020

Shared ownership flats: ‘Mum died not knowing I would be left with £25,000 debt’

Lois Ploughman thought her property was a sound investment to leave her family. Instead, her daughter was bequeathed a huge headache

A woman has accused a housing association of saddling her late mother’s estate with a £25,000-plus debt that is growing by more than £1,000 a month.

When Penny Ashcroft’s mother Lois Plowman died of cancer aged 69 in 2018, she owned a 25% share of a shared ownership flat in London – all she had to leave to her children.

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