scappa

scappa04

I bought my council house over 3 years ago in Scotland, I now can sell, as the 3 years are up which entitles me to sell.
Would my council buy it back from me,and would I be able to remain as a tenant ? I bought it under the 'right to buy scheme'

googler

No-one here will be able to tell you this, especially without details of which council....

Here's a thought - it's Monday tomorrow, why not phone your council's housing department and ask them?

silvercar

Where will you live?

Wee_Willy_Harris

silvercar wrote: »

Where will you live?

I think the idea is that the OP takes advantage of his RTB, gets the full discount, then the council come along, pay full market price, OP keeps the difference (inc discount) and becomes a secure tenant. It has happened.

lincroft1710

Anyone think the council may just turn round and offer scappa less than he paid for it?

googler

Wee_Willy_Harris wrote: »

I think the idea is that the OP takes advantage of his RTB, gets the full discount, then the council come along, pay full market price, OP keeps the difference (inc discount) and becomes a secure tenant. It has happened.

I feel the OP is looking to pocket the difference and move on to somewhere else with the 'equity' in his property...... but looks like we may never know....

scappa04

silvercar wrote: »

Where will you live?

Falkirk Stirlingshire:beer:

scappa04

if I got £50.000 I would be happy, then rent would be fine

BitterAndTwisted

You started this thread over a month ago. Have you talked to your local authority about buying your property back from you and if not why are you wasting our time and yours with this nonsense?

Jowo_2

scappa04 wrote: »

I bought my council house over 3 years ago in Scotland, I now can sell, as the 3 years are up which entitles me to sell.
Would my council buy it back from me,and would I be able to remain as a tenant ? I bought it under the 'right to buy scheme'

Right, so you have profited from a public subsidy when you switched from being an assured tenant to homeowner.

You know wish to profit on the equity and then remain in this property as an assured tenant?

In other words - public subsidy>private profit>public subsidy?

So you enjoy the income from part of it, the public subsidy from another and the security of tenure with none of the risks?

The Shelter Scotland website provides advice to home owners struggling to pay their mortage, including how to deal with the lender and govt schemes available to homeowners which I believe includes one where a social housing landlord takes over the property and the tenant stays there. I don't know if the tenancy is secure, if the homeowner gets any equity from the transfer or what the qualifying criteria is. Your local council or shelter will know.

If you want to sell your property and become a social housing tenant somewhere else, it's likely that if you are single, healthy and without dependents, you would be a low priority for social housing. Social housing landlords will want the applicant to detail their past addresses and whether they were owner occupiers or tenants.

Jowo_2

scappa04 wrote: »

if I got £50.000 I would be happy, then rent would be fine

and what is the balance of your mortgage? what is the current market value of your property?