Buying my Grandparents council house : Right To Buy Scheme

theartfullodger

Jeffers87 wrote: »

I assure you I do mean well. I do not intentially mean in any way to abuse the social housing network.....

So how else would you describe your being subsidized to the tune of several £££k's by decent hard-working tax-payers (including us lot..) to gain an advantage most people, including yourself, are not entitled to ??

Come on, do the decent, honest, fair-play British thing - it's what we're know for eh??

debtfreebyxmas

Jeffers87 wrote: »

The purchase of the house would be a joint family effort and we would continue to offer my grandmother her stability and security as we have always done!?it?!

It is so completely wrong.:mad:
I hope your grandmother does not have any hint of cognitive impairment or ill health as it would be abuse of a vulnerable adult if she signed any legal documentation where you would presumably benefit. I wish your grandmother good health, however if your grandmother became unwell and needed extra care it would be reasonable to take her assets, her 'owned home' and use it to pay for fees. Almost a wonderful irony if you actually managed to buy her safety net.:D

I wonder if you would be as supportive regarding the care your grandmother may need when the dawning realising hits that the joint family effort to take away your grandmothers security of a council house is now paying for your grandmothers health care needs. The council now take care of your grandmothers house repairs, keeping the boiler going etc. when your joint family effort takes over, which person will be putting their hand in their pocket ASAP to carry out repairs.

I'm ranting but I find it disgusting that you would involve your grandmother in the complexity and uncertainty of you buying her council home for your benefit... There is no benefit to your grandmother. I think you need to find another way of finding affordable home ownership. Possibly marry someone who is rich and has one foot on a banana skin and another in the grave. You could always sell your soul, steal from a charity or find a man who will pay you to kick him while he's down.:cool:

So if you bought her home, would it be a case of waiting until she dies to see the benefits... Shocking!:eek:

Leave your grandmother alone to live her years out with the security she always had from the council. If you are desperate enough to look cast your eyes on your grandmothers home, then I am sure you could find a different way of owning your own home.

I feel I may have ranted a little too much... Does anybody else hear alarm bells when the read OP?

davsidipp

Jeffers87 wrote: »

I assure you I do mean well. I do not intentially mean in any way to abuse the social housing network. Yes it maybe a backward way to attempt to secure our family's future but at the moment it seems the only option. The purchase of the house would be a joint family effort and we would continue to offer my grandmother her stability and security as we have always done?! The revitalised right to buy scheme has been put in place to ensure a new affordable home is built for every one sold through it. Surely it makes no difference if my grandmother or I pay for it?!

intentional or not,buying your grans house is exactly that abuse,i could the same with my mums council house but would not dream of doing it.

Mozette

Jeffers87 wrote: »

I assure you I do mean well. I do not intentially mean in any way to abuse the social housing network. Yes it maybe a backward way to attempt to secure our family's future but at the moment it seems the only option. The purchase of the house would be a joint family effort and we would continue to offer my grandmother her stability and security as we have always done?! The revitalised right to buy scheme has been put in place to ensure a new affordable home is built for every one sold through it. Surely it makes no difference if my grandmother or I pay for it?!

In what way are you not abusing the system? Have a think about yourself.

somethingcorporate

Crackers - greed and nothing more. Nothing to do with your grandma at all - just you looking to cash in.

Fortunately no way your little scam will work.

I think you will find it has been the taxpayers looking after her - any repairs and maintenance would have been done for free so not sure how you think you have been doing this?

mrginge

Has gran got any life insurance? If so why not just bump her off.

moremore

mrginge wrote: »

Has gran got any life insurance? If so why not just bump her off.

Wow!! that is going a bit too far, is that what you would in the same position.

OP you grands carer and have you lived with her for some time. Why not have a chat with her housing department and get the correct details on RTB purchase.

Also, you should realize that RTB's are not the same as when it was first introduced in the 80's. The conditions are far worse due house prices increasing by 300% in the past 15 years, also RTB's discount payback time has increased from 3 years in the 80's to 5 years now.

If it is a freehold than that will eliminate the exhortation service charges from the council and you will not have to keep on at them 7 days a week to do a bit of cleaning of any kind for their excessive fees. However, the council will still probably own the land that your grand home is on. Make sure you get a decent solicitors that will do all the relevant searches and do not trust the council to play fair.

I expect most of the people that reply to your post thinks it is OK for Westminster council proposing to stop Housing benefit if people are fat, what next....:eek::eek::eek:

Werdnal

moremore wrote: »

Wow!! that is going a bit too far, is that what you would in the same position.

I expect most of the people that reply to your post thinks it is OK for Westminster council proposing to stop Housing benefit if people are fat, what next....:eek::eek::eek:

I believe this was intended as a joke - you know, as funny as the OP's suggestion that he can convince anyone that he has his gran's future in mind with this plan!!

And as for your 2nd comment (which you have taken totally out of context if you read the whole issue), why should the govenment not crack down on people who are draining resources when they have been given medical advice and assistance to lose weight and become more healthy, active and possibly return to work, yet they choose to ignore it all, not take any of the support offered and continue drawing benefits!

mrginge

moremore wrote: »

Wow!! that is going a bit too far, is that what you would in the same position.

OP you grands carer and have you lived with her for some time. Why not have a chat with her housing department and get the correct details on RTB purchase.

Also, you should realize that RTB's are not the same as when it was first introduced in the 80's. The conditions are far worse due house prices increasing by 300% in the past 15 years, also RTB's discount payback time has increased from 3 years in the 80's to 5 years now.

If it is a freehold than that will eliminate the exhortation service charges from the council and you will not have to keep on at them 7 days a week to do a bit of cleaning of any kind for their excessive fees. However, the council will still probably own the land that your grand home is on. Make sure you get a decent solicitors that will do all the relevant searches and do not trust the council to play fair.

I expect most of the people that reply to your post thinks it is OK for Westminster council proposing to stop Housing benefit if people are fat, what next....:eek::eek::eek:

Yes it is completely ridiculous and totally offensive that someone should suggest (sarcastically) what I put in my previous post.
However, I find it offensive when people attempt to justify abusing a social housing system to effectively line their own pockets at the expense of others who have a direct need for social housing, or alternatively contribute to the provision of that system through taxation.

I find it morally repugnant for the OP to 'secure his family's future' through such a course of action while there are much more deserving people who should be provided for.

ash28

Jeffers87 wrote: »

Hi Everyone,

Due to recent circumstances I have begun researching into purchasing my Grandmothers council house; I feel this may be my only opportunity to ‘step’ onto my first rung of the property ladder.

If anyone could offer me any advice and information I would be extremely grateful.

She has been living in the property for over 50 years, meaning she would receive a heavily discounted price under the Right To Buy scheme. Obviously she can only receive the discount as she is the tenant.

With the discounted price I feel it may be achievable for me to finance the remainder of the cost via a mortgage. As I am not a tenant I cannot buy the property outright; but could I act as her ‘guarantor’?!

Also with this in mind what documentation would I require to ensure that the house would come to me at a later date?

Also, what TAX implications etc. if any would occur when the house would eventually be in my name?

Thank you in advance for your help.

R

I don't really see your plan working to be honest - your grandmother at her age would not be likely to be to able to get a mortgage even with you as a guarantor.

Even if she was able to get a mortgage with you as a guarantor, the house would still belong entirely to your grandmother - you would need to seek legal advice on what would happen if she had to go into residential care and the house needed to be sold to fund that care. What if your grandmother died and your family decided to contest the will or whatever documents you had drawn up? Your parents? Brothers, sisters or other grandchildren.

However, if you lived with your grandmother for at least 12 months then you would be able to buy the property with her (even though you aren't a tenant) and you would be able to get a mortgage - the property would be jointly owned.

How would you prove this? I'm guessing your grandmother has her rent and council tax paid for her at the moment - if that is the case then the full rent and council tax would have to be paid if an adult working full time moved in with her - for at least a year.

Do you already have a deposit or do you need to save for one - at one time lenders were happy to take the discount as the deposit - I don't know if that's the case now. Probably not.

The questions you must ask yourself -

Has any maintenance or improvement work been carried out on the property in the last 10 to 15 years - if the answer is yes then you might have to pay for some or all of those.

How well is your grandmother? What if you need to sell within 5 years - the repayment of the discount will be on a sliding scale to the council based on the selling price and not the original valuation.

If your grandmother had to go into care would the council be able to put a charge on the house to be able to reclaim fees?

If your grandmother died within the first 5 years would the discount have to be paid back to the council?

If you sell within 10 years the house has to be offered back to the council - if they want it and if you can't agree a price the District Valuer will value the house.

Has the house had any adaptations? (shower instead of a bath perhaps). If it has it may be excluded from the right to buy.

Is the property in a rural area - if it is you may have to sell it to someone who has lived in the area for at least 3 years.

Are you prepared to pay for any maintenance the property might need?

I personally don't agree with the RTB and do feel if people can afford a house then they should buy one and leave the council properties for those people/families in genuine need.