Couple selling ex-council house for a £1 after buyers struggled to get mortgage

A couple have decided to raffle off their three bedroom home for £1 to help people get on the property ladder.

Jennifer and David Matthews, both 51, were renting out the ex-council house they own in Skelmersdale until they decided to put it on the market with an asking price of £110,000. But when an interested buyer struggled to qualify for a mortgage, the couple decided not to sell it via conventional channels and raffle it off instead.

Jennifer told the ECHO: “I didn’t want to keep it for myself, I wanted to sell it. I put it on the market and two separate people came around and wanted to buy it.

“I said ‘yes I’ll give you the asking price’. They went to get a mortgage and the application failed. I felt really mean on them.

“I thought ‘what can I do? I’ll raffle it off and let someone win it for £1.’ It is life-changing.

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“The amount of messages I’ve received saying ‘this would change my life’. Me and my kids are living in rented accommodation, the rent has doubled from £495 to £900.”

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