Social Housing - is there a limit to the savings you can have?

leveller2911

Which is worse ? someone who has worked hard and has £100k in the bank and applying for social housing or someone who has p1ssed all their money up the wall and applied for social housing?.........Which is in more need? which is more deserving?......... very tricky moral questions........

Personally I don,t have a problem with someone who has £100k in the bank and applying,why are they less in need?.

With the crazy house prices we have seen for the last few years (no real reductions in my area) even if you have £100k in savings you still may not have enough to buy...
I would also see the savings as a possible pension fund in which case they would be less likely to need state help later .....which I think is to be commended.....

leveller2911

Trying_to_be_good wrote: »

I agree. The situation is complex, with no right to stay in the property currently occupied. Therefore they will be homeless. And it seems there may be nothing to force them to use the 'savings' from a previous house sale (>12 months ago) to either purchase or rent a home privately, as they will be in a priority group for social housing. Therefore I think the system is barking mad.

If im right as they have sold a house 12 months ago they will NOT be seen as a priority. The council will probably ask for there previous 2 addresses and as such will find out they sold up... Think they won,t have much joy as they will be regarded as "voluntary homeless".......

Where I do have a problem is when someone has "right to buy" from the council, buys the house, 3 yrs down the line they sell and make a killing and then end up back at the councils door looking for a house... ........they should go right to the bottom of the list in my opinion.

ILW

It would be good if you had a few quid saved and could get a council house. Sit on it for a few years waiting for the discount to build up,buy, flog it and walk away happy. Pension sorted. I know people who have done it, mainly due to relatives having life time tenancies which they could pass on. Unbelievable.

leveller2911

ILW wrote: »

It would be good if you had a few quid saved and could get a council house. Sit on it for a few years waiting for the discount to build up,buy, flog it and walk away happy. Pension sorted. I know people who have done it, mainly due to relatives having life time tenancies which they could pass on. Unbelievable.

"Right to buy" isn't open to new council tenants, only existing tenants before a certain date.Some HA tenants have the "right to aquire" (at a market value) if the property was built before 1989 or after 1997 any where in between your stuffed. The days of buying discounted council housses and making a killing are almost gone....Thank god too !:rolleyes:

Lastly most tenancies do not include the ability to pass on the tenancy to siblings as it is down to council/HA discretion