Buying a council house

McKneff

chokolat2 wrote: »

Thank You very much for your answer.
Someone has understood me correctly :j

it might be an answer but its a wrong one.

chokolat2

PasturesNew wrote: »

At the moment, your parents have a home for life. No worries. Cheap rent.

If you buy it you're opening up a HUGE can of worms for yourself ... now, in the near future, in the distant future.

Leave things as they are.

Guys....thanks for the advice, But all I really would like to know whether I can actually buy the house or not?
If not, how can this be done?

I am fully aware what I am getting myself into. My plans could be to then sell and buy elsewhere in a much better area for a peaceful life.

McKneff

chokolat2 wrote: »

Guys....thanks for the advice, But all I really would like to know whether I can actually buy the house or not?
If not, how can this be done?

I am fully aware what I am getting myself into. My plans could be to then sell and buy elsewhere in a much better area for a peaceful life.

NO to your first question

No way to your second.

I am not going to comment on your third statement but Im sure someone else will,

Cannon_Fodder

http://www.communities.gov.uk/publications/housing/yourright

http://www.communities.gov.uk/documents/housing/pdf/138178.pdf

"You may be able to exercise the Right to Buy jointly with members of your family who have lived with you for the past 12 months, or with someone who is a joint tenant with you."

Probably not individually, but jointly to protect the right of residence of your parents, maybe.

Dame_Washalot

Easy peasy - I assume you are registered at your parents house and while they claim HB there is a non dependent deduction for you
Am I right?
No - your parents are not declaring you living there because their HB would be reduced via non dependent deductions

Never mind - the RTB doesn't worry about such things, the legislation was drafted with the sole intention of stripping power (housing stock) from councils and making people take on mortgages ergo they would be less likely to go on strike or risk their income in any way because they would be turned into wage slaves.

Fast forward to the 21st century

As long as your parents name is on the RTB application anyone else can join them in the purchase. In my area private individuals (companies) offer the tenants £10K cash and join them on the RTB.
Once the property is bought the companies hand over the cash and give the original tenants their £10K and make them AST's
6 months later they evict them on spurious grounds e.g they need to house a family member. The original tenants don't mind as they have spent the £10K on 3 months + living it up in Bangladesh on the back of their purchase bonus.
Once evicted - through no fault of their own they go back to the council and as they are not intentionally homeless they are rehoused - and the fun starts all over again.
Who pays for this?
That's right - we the tax payer - through loss of housing stock (which in theory belongs to us all, not the current tenant) and mega HB payments to the private sector

The Right to Buy - don't you just love it

Cannon_Fodder

chokolat2 wrote: »

Guys....thanks for the advice, But all I really would like to know whether I can actually buy the house or not?
If not, how can this be done?

I am fully aware what I am getting myself into. My plans could be to then sell and buy elsewhere in a much better area for a peaceful life.

(Theoretically, if this went ahead jointly.)

What timescale do you have for moving to the peaceful life?

You'd have to repay the RTB discount on a sliding scale, if you didn't wait long enough.

Why not just buy somewhere else, and save having to find a buyer for the council property, incurring selling fees, etc etc ?

kai666

chokolat2 wrote: »

Guys....thanks for the advice, But all I really would like to know whether I can actually buy the house or not?
If not, how can this be done?

I am fully aware what I am getting myself into. My plans could be to then sell and buy elsewhere in a much better area for a peaceful life.

So you want to buy a subsidized house, with the aim of selling for a profit i presume to buy a better house, leaving your parents without a secure home in the process? Thats so wrong on so many levels

Running_Horse

chokolat2 wrote: »

I am fully aware what I am getting myself into. My plans could be to then sell and buy elsewhere in a much better area for a peaceful life.

Are you fully aware what you are getting your parents into?

As a final year student, how much deposit have you managed to save?

Jowo_2

chokolat2 wrote: »

My plans could be to then sell and buy elsewhere in a much better area for a peaceful life.

Sounds lovely. What happens to your parents once you sell their former home?