Right to buy advice

poppysarah

People who struggle to get mortgages should be in social housing. And she is. She should keep the status quo until she earns enough to get a mortgage easily.

furbie85

Please, im not trying to be a cow, but thats not what im asking please if your answering my question then fine, I understand what you are saying okay, but its not what i asked

poppysarah

furbie85 wrote: »

Please, im not trying to be a cow, but thats not what im asking please if your answering my question then fine, I understand what you are saying okay, but its not what i asked

But you are. You could get round the whole thing by moving in with your relative and all living together. If you were able to get on the tenancy then you'd be able to apply for a joint mortgage together.
As it sounds at the moment you want to buy a council house that your aunty lives in. You know she'd have to repay a % of discount if she "sells" within a set number of years.

But say you went along with your interesting idea. But in the meantime your relative found love and had herself a family in this home you co-own. What happens then. You'd be stuck paying a mortgage that doesn't help your own house situation - possible to fall out with your relative AND not be able to get a mortgage to buy your own place.

Anyway a council property discount is capped and they value it according to what's sold recently in the area so you'd be --- sorry she'd be -- buying at the very top of the market.

Save your own cash to buy your own home. Leave your aunty to rent her home and live happily there knowing she's not going to be a burden to you and your family.

You can't predict what'll happen relationship wise in the future either. What if your other half got a shared mortgage with your relly and then you split up. She'd be stuck, you'd be stuck and how guilty would you feel if she lost her home just because you were "trying to help her".

furbie85

awww thankyou i feel so enlightened now, and my soul has been cleansed, she asked us to buy not the other way round, all i wanted to bloody know was if it was possible, heres a footstool, to help you get down from your high horse

thanks

poppysarah

furbie85 wrote: »

awww thankyou i feel so enlightened now, and my soul has been cleansed, she asked us to buy not the other way round, all i wanted to bloody know was if it was possible, heres a footstool, to help you get down from your high horse

thanks

Aww thanks.

But seriously tell her it's the wrong time to buy but there are other options if she wants to live with you. Just think the 3 of you living together could save a whopping deposit in the next couple of years.

Running_Horse

Just because you have not got the answer you wanted, does not mean you have not got the right answer.