right to buy option

KayleighBean4

Right to Buy

McKneff

The council would be the best place to ask - horses mouth and such.

I actually hope not, council houses are for people who cannot get on the housing ladder and not for get rich quick schemes that you are proposing.

If you can afford to go private then just go private and leave the council housesfor those who actually are in need of them.

KayleighBean4

Right to Buy

McKneff

Inst aspiring to own 2 houses at (1 partly at the taxpayers expense, because the rent would be subsidised and the discount would be there too) and profit from it leaving some family short of a house a get rich scheme, it is in my book.

If you wish to move from the council house after 5 years just sell it, then you will have your deposit. Why would you want 2 houses
(think CGT) also.

BitterAndTwisted

Have you actually researched what the maximum discount is for your Local Authority? Perhaps renting the house for five years and holding onto it for another five (so you don't have to pay back any of the discount) might be a longer way round than just saving up a deposit while you're renting and buying something else once you've raised enough.

Please be aware that once you've applied for the RTB forms, whether you decide to proceed or not, all modernisation and/or improvements will automatically stop so you should check what your LA plans are for your property.

Considering you're supposed to be in some sort of housing need in order to qualify for social housing, a person could feel justified in thinking that you're possibly being a tad ambitious dreaming of having morgages on two homes in the future.

peigi_2

McKneff wrote: »

The council would be the best place to ask - horses mouth and such.

I actually hope not, council houses are for people who cannot get on the housing ladder and not for get rich quick schemes that you are proposing.

If you can afford to go private then just go private and leave the council housesfor those who actually are in need of them.

Who in their right mind would want to purchase flat council in an estate? Firstly the council makes the worse landlords in the country. The employed the most appalling contractors to carry out work for them and as there is no one from the council to supervise the contractors this work can go on for years.

You will be responsible for the cost of all of this as well as appalling work carried out by the council for the last 12 years. :eek:

Remember that estates can be very large as all the nice street council accommodation has been sold off in the 80' and 90's. As estates can be very big and you will be responsible for payment of the upkeep of the large estate grounds within the estate that you will be living in.

Now we all know that the council provide the most up to date easy to work for their employees and they will have the most up to date lawn mowers that they will ride around in all day long. :mad:

You will be also responsible caretaking whether you are a tenant or a long lease tenant. Caretakers do not do their jobs at all, desite sthere is a supervisor you will never see him/her also there is a patch manager that you will never see unless you are lucky or specifically ask to see them by appointment.

Care takers take a bucket and cold water and wash the middle of the floor in any block of flats common areas, corners are never touched , dirty will just accumulate in corners for years as well as stairwells. It can be a constant battle with these people to get anything back for the service charge money you pay for caretaking and this is not cheap. :eek:

However, I expect that all discounts will be discontinued in the near future. It is only £16k in a city and you will have to take on any payments that they have incurred regarding very badly works/repairs to the block that they may have done within the last 12 years. Again would you want the constant battle with them to keep the place clean for tenants that you hope to attract as they will surely walk as soon as they see the state of the common areas. Also as soon as you see the cost of what they intend to do in the future… these costs may supersede the actually payment for the flat itself. :eek:

theartfullodger

Who in their right mind would want to purchase council in an estate? Firstly the council makes the worse landlords in the country.

That's a profoundly bigoted viewpoint... Many council estates (schemes in Scotland) are very attractive.... Do you have something against Council tenants??


Which newspaper do you read??

Cheers!

Artful

BitterAndTwisted

The OP actually mentioned a house not a flat. I would agree that for the most part buying a council flat could be a recipe for (a very expensive) disaster.

McKneff

Looks like, for the OP, option 1 is out of the window then, seeing as she's deleted her text.

Running_Horse

We get about one of these discussions a month, usually involving someone buying the house on behalf of a frail old granny. Shame no one quoted the OP before it disappeared. It's amazing they think they are the first to ever have the idea.

neverdespairgirl

theartfullodger wrote: »

That's a profoundly bigoted viewpoint... Many council estates (schemes in Scotland) are very attractive.... Do you have something against Council tenants??

I think you might have misread what the poster wrote. he said the council was a terrible LL, which is pretty much true - in terms of repairing, major works, cleaning, etc