Council Right to Buy

bigbird123

Hi

I bought my house from the local council a few years ago but find I am struggling with the mortgage payments due to losing my job. I want to become just a council tenant again, but I have been in this house for over 30 years and dont want to move out.

Does anyone know if the council would buy my house back and let me stay in it as a tenant?


Thanks

lincroft1710

If they were interested in buying, they probably would do so with the intention of housing someone on their waiting list rather than becoming your landlord and paying you for the privilege.

How much is the value of the house compared to outstanding mortgage debt.

McKneff

Could you get a lodger in to help with the finances.

greenface

Can you get help with the mortgage payments from your housing or benefits office even interest help or reduced payments to your borrower

VIGILANT22

It depends on which part of the country yr in....as some councils have been known to operate such a scheme...however you should be seeking advice from CAB or similar if yr in difficulty....don't fall prey to the Sale and Rent Back scheme that is much publicised on the back page of the red tops........

bigbird123

Thank you all for your comments. I am an older lady living on my own so I would not be comfortable living with a lodger. I am on interest only already as the building society have been very understanding but with no incom coming in, even interest only is too expensive for me.

I will however, speak to the CAB about help with my mortgage, and also my local council to see if they offer any support.

VIGILANT22

bigbird123 wrote: »

Thank you all for your comments. I am an older lady living on my own so I would not be comfortable living with a lodger. I am on interest only already as the building society have been very understanding but with no incom coming in, even interest only is too expensive for me.

I will however, speak to the CAB about help with my mortgage, and also my local council to see if they offer any support.

Also go on to the other forums here, where people make suggestions of managing your budget, benefit entitlements etc...maybe something to help you in the meantime........

tabskitten

bigbird123 wrote: »

Thank you all for your comments. I am an older lady living on my own so I would not be comfortable living with a lodger. I am on interest only already as the building society have been very understanding but with no incom coming in, even interest only is too expensive for me.

I will however, speak to the CAB about help with my mortgage, and also my local council to see if they offer any support.

Being an 'older lady on your own' is no reason not to get a lodger- just be picky who you have- might end up being the best thing you ever did!

greenface

tabskitten wrote: »

Being an 'older lady on your own' is no reason not to get a lodger- just be picky who you have- might end up being the best thing you ever did!

good advice because you are a older lady on your own you could be a brilliant candidate for a lodger maybe another old lady on their own looking . dont dismiss it may work .

Fire_Fox

bigbird123 wrote: »

Hi

I bought my house from the local council a few years ago but find I am struggling with the mortgage payments due to losing my job. I want to become just a council tenant again, but I have been in this house for over 30 years and dont want to move out.

Does anyone know if the council would buy my house back and let me stay in it as a tenant?


Thanks

Are you not claiming support for mortgage interest?
http://www.jobcentreplus.gov.uk/JCP/Customers/WorkingAgeBenefits/Dev_016128.xml.html

Jowo_2

The Shelter website has a list of schemes available to home owners that are struggling with their mortgages to prevent repossession by the lender.