Add to tenancy

Skids10 · 16 January 2018 at 4:56PM

Hi,
My wife and i live in a housing association property, which was previously council.
my wife has been a tenant for 18 years and i am not a tenant, i just live there and pay the rent.
Any way my question is that when we went to the housing association to get me added to the tenancy (because we are looking at Right To Buy), they said it would be a new tenancy and my wife would lose all the discount from previous years.....
Does this seem correct?

thanks

G_M · 16 January 2018 at 4:59PM

Why bother?

Your wife buys the property under RTB. Then either gifts you 50% or does not bother. If you get divorced, the family home will be dealt with in the same way during the divorce setlement, so the act you ae not named on the Title won't make much difference.

Skids10 · 16 January 2018 at 5:02PM

Thanks for reply,
Its more the fact that she has really bad credit and i have good credit for the mortgage or loan to purchase it.

Skids10 · 16 January 2018 at 5:05PM

Also does anyone know where i can get help filling the rtb1 its just a few questions i want to query (well more to the point filling it out correctly) we get the go ahead to purchase the property.

Mahsroh · 16 January 2018 at 5:11PM

Skids10 wrote: »

Thanks for reply,
Its more the fact that she has really bad credit and i have good credit for the mortgage or loan to purchase it.

What's the different in rent if/when she loses her previous discounts? If it's purely a means of facilitating a right to buy, presumably it would only be a short term thing? Might be better to accept that it just means paying that extra bit of rent in the short term?

Skids10 · 16 January 2018 at 5:14PM

She would get the full 70% discount now as been a tenant for 18 years

G_M · 16 January 2018 at 5:22PM

A quick bit of googling (well, duckduckgoing) on RTB eleigiblity shows:

You don’t have to do it alone – you may be able to make a joint application for Right to Buy. If you’re eligible, you might be able to buy your home with:
Someone who shares your tenancy

Your spouse or civil partner

Up to 3 family members who’ve lived with you for the past 12 months. They don’t have to be on your tenancy agreement but it must be their main home

There is nothing in law that specifies how a Right to Buy purchase should be financed. A family member (or someone else) could provide the funding for the purchase. However legal ownership of the property can only be in the names of the eligible tenant/s and other eligible applicants. We recommend that you get financial and legal advice on mortgages or contact one of our Right to Buy advisers who will be able to point you in the right direction.

https://righttobuy.gov.uk/am-i-eligible/

Caz3121 · 16 January 2018 at 5:36PM

from this article it seems that only those tenants that were council tenants before the property transferred to HA have the right to buy under "preserved right to buy' Tenants who were not registered as council tenants prior to the change do not have the right to buy
https://righttobuy.gov.uk/am-i-eligible/housing-association-tenants/

what is the value of the property? you know the discount is 70% or a set amount whichever is lower - unless the property is in London...a value over around £110k would mean discount less than 70%

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