How to help unemployed single mum onto the housing ladder?

clutton_2

if i "never sell it on"" - where is the profit - show me !!!!!!!!

"Equity" is a mythical monster - it is NOT money.

clutton_2

seven - please do not despair - read up on your local council's website and see how they are interpreting this Act. The most draconian measures are applied to mainly 3 storey houses. BUT, you must act quickly, as the deadline for registering was July. If you are abroad, you can legitimately say that you did not know, i hope. BUT, you will need to complete a lengthy application form, and you will need to appoint a local manager, and you will need to pay the license fee. until you talk to your HMO team, you will not know. You could perhaps nominate your son as the manager. If the lodgers were cousins of yours, they might be classified as one household (family) and therefore not a HMO.

seven-day-weekend

Mine IS a three-storey house (well, it has a bedroom (original) in the roof space, my son has this room). It's four-storey if you count the cellar.

I don't understand, what was I supposed to have registered for in July?

Aaagh! I'm REALLY frightened now!....:eek: :eek: :eek:

TheEgg

Why does a single unemployed mum deserve to own her own home? She has chosen her own priorities, and should live by them.
The total sense of entitlement in this country is the reason our economy is now progressing far slower than countries which still have a work ethic. Our forbearers would be ashamed.

clutton_2

seven - don't panic. You just need to read the website and see what its all about. If you cannot find it, PM me your local council and i will see if i can find it for you.

clutton_2

""state assisted purchase ""

what on earth are you talking about - no one helped me buy my properties, i did it myself, i studied for a darned long time, risked a huge amount, and got my business started entirely due to my own efforts.

the people who are getting assistance here are the millions of folks who get state-assisted-housing-benefit !!!!!

My taxes helps to pay for that as well !!!!!

roswell

Back to topic,

Explain how the person Op is refering to is going to afford said property ? Job = income, income = no housing benifit = pay rent.

Job also = must pay council tax and other items that mey be recieve on benifits.

Exactly what salary is the person the Op is refering to going to be on that they will be better off with a morgage for 120k + .....

I am not having a go at the person being a single mother or circumstance but you have to look at the bigger picture, while she is working who will look after the kids ? child care costs ?

its not a simple case of i want a house can i have one please.

its a case of income = means to purchase house, purchase hosue is done because it fits lifestyle.

if there is no means to support the property and costs and child care costs I suggest op doesnt bother.

Also there is a very large risk involded in this whole scenario.

Fistly the person op is reffering to by the sounds of it wont be taking any risk, if the person can get employment they should then after that point consider purchasing a property not the other way round,

I personally would not risk purchaseing a property for someone else .... if the goverment stopped the housing benifit system on monday morning how would the morgage be paid ?? all benifits are just that .. the goverment can stop them at any point.

Fran

roswell wrote:

Explain how the person Op is refering to is going to afford said property ? Job = income, income = no housing benifit = pay rent.

Job also = must pay council tax and other items that mey be recieve on benifits.

Assuming Income Support for the mother as a single parent, the only option for benefits would be mortgage interest payments. These are paid in the following circumstances - from Shelter website.

"When will I get the first payment?

People over 60 are entitled to help immediately, but there are waiting periods for everyone else. If you took out your mortgage after 2 October 1995, payments normally won't start until 39 weeks after you claim. How ever, you may get payments sooner if:
you got your mortgage before 2 October 1995
you are a carer and the person you look after is eligible for certain benefits
you are a single parent whose partner has died or left
you are an offender and are waiting for a trial or sentence
your have mortgage protection insurance but it won't pay because of a medical condition you already had when you took out the insurance
your mortgage replaces a previous mortgage on the same property, which was taken out with the same lender on or before 2 October 1995

If you are in one of these situations, you will probably be eligible for no interest at all for the first 8 weeks, half of the interest for the next 18 weeks, and all of the interest after 26 weeks. You will have to pay for any interest that is not covered from any income or savings you may have."


So the mother would need enough money to pay until mortgage interest payments kick in.

She would still be entitled to full Council Tax Benefit if on Income Support.

clutton_2

thanks for bringing us back to topic !

what everyone is forgetting is that no lender will lend if there is not enough income to pay the mortgage.

seven-day-weekend

Clutton, I have pm'd you - thanks!

Sorry everyone for going off-topic.