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How long do you have to wait to ask permission to let your home
Comments
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If you want to live somewhere else, buy a house somewhere else.
Why should the good people of your borough subsidise your entry onto the property ladder if you don't want to keep that home? You are depriving your council of much needed housing stock to then rent it to some poor sucker who has to resort to private lets because the council doesn't have enough properties to house them.
Morally, you should wait until the pre-emption period expires. Then you can consider it your home to do what you want with. Until then it is still council-subsidised property and you should respect the fact that the council has subsidised your home.
If morality doesn't worry you, chance it with your lender whenever you decide you want to move. Karma will tell you whether it is too soon...0 -
hello,
this is hopefully a reply to the last few comments. have spoken to my mortgage company they say they would like to see 6 months clear before any alterations are made. which is good.
i have put in a previous reply that the council are quite happy for me to rent the property as it will be mine. i would hardly say i am depriving the good people of my borough. you do not know my borough ... it is a mix of private and council run properties. 99% of the council run or filled with benifit claimers who incidently do not contribute towards any council tax, rent, income tax etc etc...
i believe countrywide the reason many council estates are getting better more attrative places to live are because many people have bought there home. this then means that the estate becomes a better place to live as tennents appreciate there home as they own it, instead of just claim claim clain. once again another post maybe.
it is legal for me to rent it out the day after the purchase. as i have said this is not my ideal and i would hope for my daughter to stay in the property. i would just seek permission for that.0 -
mranderson wrote: »hello,
i would hardly say i am depriving the good people of my borough. you do not know my borough ... it is a mix of private and council run properties. 99% of the council run or filled with benifit claimers who incidently do not contribute towards any council tax, rent, income tax etc etc...
What area?0 -
why is area important0
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0
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area is not important .
can i ask though would people really walk away from a property that has been there home for 20 years and that they could buy at a discount large enough to hopefully prevent a negative equity senario in these current climates.
it is common sense situation i would say.the right to buy scheme has now seized . i really cannot understand objection to take up this opportunity, when it is leagally open to us.0 -
mranderson wrote: »area is not important .
can i ask though would people really walk away from a property that has been there home for 20 years and that they could buy at a discount large enough to hopefully prevent a negative equity senario in these current climates.
it is common sense situation i would say.the right to buy scheme has now seized . i really cannot understand objection to take up this opportunity, when it is leagally open to us.
Not buying is the best way to avoid negative equity.
Why didn't you buy in 2001? You'd have saved yourself a fortune.0 -
hi poppysarah
i would have liked to have bought then but financially could not afford it then!
my mortgage would have been over half what it is now. but thats life. private sector housing and greedy estate agents have pushed council estate property higher than should be.0 -
To answer the original question: i asked for, and was granted, permission to let after eight months of ownership with a mortgage. This was four years ago, I'm still on the consent to let and have not yet moved over to a BTL product.
My percentage of loan to house value is quite small though, that may have made them look more favourably on my request.0 -
oh dear....a certain lack of morals appear to be on show..karma my friend karma...It is nice to see the value of your house going up'' Why ?
Unless you are planning to sell up and not live anywhere, I can;t see the advantage.
If you are planning to upsize the new house will cost more.
If you are planning to downsize your new house will cost more than it should
If you are trying to buy your first house its almost impossible.0
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