Any help for a neighbour..getting onto the property ladder

barnaby-bear

cattie wrote: »

ACID wrote: »

unsure how they can cope with the rent if they are turn into pensioners?

QUOTE]


They apply for housing benefit of course. How would they pay for a mortage when pensioners is the more important question? Housing benefit is only payable to tenants of property, not owners.

I don't see the point in giving up a good secure housing association tenancy for a half brained idea of wanting to buy a house when thousands are finding themselves being repossessed because they can no longer afford the mortgage & would give anything for the security of a Housing Association tenancy.

Presumably they'd be relying on the working son to stay at home for 25 years (living with mum&dad at 50 :eek:), never getting married and paying the mortgage.... with a HA property if their needs change - disabled modifications/need a bungalow/need warden supported accommodation they can access it easily and if they need care and have no assets it'll be paid otherwise that scrimping and saving will just result in a charge against the property for their care costs.... seems barking they have a home already far more secure than most mortgaged homes.... why give that up....

ACID

thanks, ill query housing benefit on another thread too