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Social Homebuy Questions
RP2X
Posts: 119 Forumite
Hi im interested if anyone knows about this new Scheme that just came out early 2007.
Id like to buy my council property but 2 simple questions hopefully someone can answer them
1) It says min payment is 25%, if I was to put down 50% of the house payment would they effectivly then give me 50% off ie the house would be brought then?
2) My Counicl property is owned by my parents, im just the son, if it is brought would this change there social/disability benifits that my parents are getting ? Or is there a work around to this perhaps I can buy it instead?
Thx in advance:T
Id like to buy my council property but 2 simple questions hopefully someone can answer them
1) It says min payment is 25%, if I was to put down 50% of the house payment would they effectivly then give me 50% off ie the house would be brought then?
2) My Counicl property is owned by my parents, im just the son, if it is brought would this change there social/disability benifits that my parents are getting ? Or is there a work around to this perhaps I can buy it instead?
Thx in advance:T
0
Comments
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This places me in a difficult position as I do not want to break forum rules. But I think I am correct in saying that there are no other Registered Homebuy posters in the forum. So I leave it with you to act as you wish.If you don't get what you want - you'd better hope you want what you get
I am a Mortgage Adviser
You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it.
This signature is here as I follow MSE's Mortgage Adviser code of conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0
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