right to buy council house

skcollobcat10

old thread out of date

tanith

There are maximum levels to the amount of discount you can get now and its not above £38,000, in some areas its much lower... so there is no way your friend would get that much discount.

Take a look here....
http://www.direct.gov.uk/en/HomeAndCommunity/BuyingAndSellingYourHome/HomeBuyingSchemes/DG_186973

Wee_Willy_Harris

Unless they live in Scotland.

McKneff

As there are other siblings, the best thing is going to see a solicitor. Its amazing how family change
when an inheritance is involve. It really needs something that is watertight over this loan.

She also needs to ask the solicitor about making a will.

theartfullodger

skcollobcat10 wrote: »

Yes they do, they have lived in the house for 30 years, does that mean they still get the 60% discount. I think she only needs a small amount to be able to pay it all instead of getting a mortgage.

What answer did they get when they asked the council?? (We here don't know do we...).

Be aware in some parts of Scotland Right2buy has been suspended in some circumstances

e.g.
http://www.highland.gov.uk/livinghere/housing/councilhousetenancies/righttobuy/


&
http://news.bbc.co.uk/1/hi/scotland/glasgow_and_west/7872607.stm

& I think for those tenants in receipt of an ASBO and rent arrears..
http://www.scotland.gov.uk/Publications/2006/09/26114727/11

The Housing (Scotland) Act 2001 made significant changes to the Right to Buy. It introduced a new 'modernised' scheme which applied to all new tenants from 30 September 2002 and to most tenants transferring to another property from that date. The key changes to the Right to Buy were:

* the qualifying period was increased from two years to five years;
* the starting discount after five years was reduced from 33% (houses) or 44% (flats) to 20% for all properties;
* the maximum discount was reduced from 60% (houses) or 70% (flats) to 35%, and a cap of £15,000 was introduced;
* Ministers were given a power to alter discounts by area, including the starting and maximum discounts as well as the increasing entitlement structure;
* the Right to Buy was suspended for tenants with an Anti-Social Behaviour Order, or with rent or council tax arrears;

so that everyone entitled to social housing can benefit, and the tax payer doesn't end up giving more money away in these troubled financial times for the UK (wait for flame...)


The government may suspend/cancel r2b further of course.

You're sure it's still Council & hasn't been transfered to some other body (with different rules??)

dander

I should think the best bet would be to go to a solicitor and get some legal agreements about the loan drawn up. They'd be able to advise what the best way of ensuring the money remains clearly marked as his. That would be a completely seperate issue to the house purchase. Just get a straight clear loan between the two sorted out. What she spends the money on shouldn't be relevant.

Wee_Willy_Harris

I think, as Theartfullodger says, the Council will be your first port of call. They will be able to give you the valuation and details of the discount along with any restrictions which may apply.