We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Council houses for fixed terms only!
Comments
-
-
A relative and his wife, both in full time employment and no dependents who could have afforded private rental or home ownership of a private property, are now the proud owners of her parents 3 bedroom council house which was purchased at a significant discount through Right to buy and means they have a tiny mortgage for a property now valued around 90% more than they paid.
They had a small council flat and swapped properties with her parents who then moved from their child's former council flat into a council bungalow for the elderly.
All of the process was legitimately done but it does show you why changes need to be made - a family size property has been lost to the community to a couple who had the means to live in private property and now have made a massive profit on it. The elderly parents could have remained in their original social housing property and have now moved into a type of property that is subject to huge demand by those with mobility problems.
You do not have the right to buy an association home? however you can with there 1/2 buy half rent on some not all new builds.0 -
-
WRONG I have many self employed friends all had to go to the sub prime market then transfer to a high st lender 1-2 years down the line nothing to do with tax fiddle rubbish.wodgerdodger wrote: »The reason self employed often went to sub prime lenders was not that they didnt earn enough more a case they didnt like declaring what they really earned 'cos this would mean they would show higher profits and therefore pay more tax.
When High Street lenders started to compete with sub prime lenders by not checking declared incomes over 80 even 90% LTV's then as many self employed as employed went through normal channels.
The main business for sub prime were those who had track records of not honouring existing commitments NOT the self employed.0 -
Those who will not reason, are bigots, those who cannot, are fools, and those who dare not, are slaves. - Lord Byron0
-
wherediditallgothen wrote: »I said the 'going' rate. It's this very British thing of a certain section of society wanting something without having to put in the hard work for it, even if it means other people suffer.
Do work hard sunshine just not many cheap houses around here , also I may just keep this ne buy the farm house in france and enjoy:D0 -
seems my 25 year of rent payments wont count for anything, nor the fact that i have spent alot of money upgrading my home and making it "habitable" to live in.
25 years' worth of roof over your head?...much enquiry having been made concerning a gentleman, who had quitted a company where Johnson was, and no information being obtained; at last Johnson observed, that 'he did not care to speak ill of any man behind his back, but he believed the gentleman was an attorney'.0 -
FOURCANDLES wrote: »You do not have the right to buy an association home? however you can with there 1/2 buy half rent on some not all new builds.
I don't quite understand you. The relatives in the example I gave bought a council property at substantial discount under the Right to buy legislation probably around 10 years ago. It wasn't a housing association property. I am not interested in living in social housing.0 -
I would say in fourcandles case, he has stated that to rent privately in his area costs approx £650 per month. I would say that was affordable on £59k salary. The £400 he is paying seems rather low.
No it is an affordable home do you want me to stick pins in my eyes as well just to feel the pain .0 -
Out,_Vile_Jelly wrote: »I neither knew nor cared whether the noisy, foul-mouthed neighbours were tenants or owners, the point was they were awful but by being private tenants we could leave with one month's notice.
Not a good bet as you are moving around a lot couldn't if you had children0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352K Banking & Borrowing
- 253.5K Reduce Debt & Boost Income
- 454.2K Spending & Discounts
- 245K Work, Benefits & Business
- 600.6K Mortgages, Homes & Bills
- 177.4K Life & Family
- 258.8K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards