How long do you have to wait to ask permission to let your home

mranderson

Eton.

hello finally. some sensible advice... thankyou.
i am hoping my lvt will help. when the time is right..

angrypirate

Right to buy = discounted property offered from council to allow those with lower incomes an opportunity to get on housing ladder. It is not to exploit them so you can get an investment opportunity. If you can get a cheaper rental property through a private landlord due to your job location why are you so adamant to hang on to your flat?

mranderson

angrypirate

i think you just answered your own question the reason i wish to take this opportunity is because it allows my lower income to afford a property. i i leave this property without buying it i will never be able to get on the ladder.
i can rent other area for slightly under my mortgage amount but over my current rent.
all i am looking to do is cover costs for a few years and then continue on the ladder. selling my property and having a large enough deposit to buy another property, may be in the new area. at present i could never afford to buy there

poppysarah

mranderson wrote: »

having a large enough deposit to buy another property, may be in the new area. at present i could never afford to buy there

The timing for that might be interesting.

mranderson

poppysarah
how do you mean ?

Werdnal

mranderson wrote: »

Eton.

hello finally. some sensible advice... thankyou.
i am hoping my lvt will help. when the time is right..

Why do you particularly credit Eton with "sensible advice". Although a few members have commented on the rights and wrongs of whether you use your RTB in this scenario, most of the replies also gave sensible advice!

Just because someone agrees with you, doesn't mean the rest of the replies were wrong or not even worthy of a "thank you" does it?

silvercar

A lot of jealous posters on this thread. If you have the opportunity to buy a property at a discount, why wouldn't you take it? Isn't that what money saving is all about?

As for moral judgements, if the council used the money from house sales to build more council houses there would be more housing stock available; so direct your moral judgements elsewhere.

OP I would see a mortgage broker who would know which lenders are happy to give consent to let and which are not. From the mortgage board it is easy to see that some lenders will never consent, whereas others are obliging.

mranderson

werdnal

i thank etons advice because, it is one of the few that answer the question. what i am doing is legal. i am mearly asking advice on time periods before you can ask for consent..
silvercar you are spot on, maybe it is jelousy that had led to many replies. i have ensured the council are happy and they are. many people seek for permission to let their home, to keep the property. the let is not to make money, just to cover costs...