Buying my Grandparents council house : Right To Buy Scheme

Lord_Baltimore

JencParker wrote: »

Actually, all decisions should consider moral/ethical points too. The reason we are in this mess is because people made (and are still making) decisions based solely on what is good for them and what makes the most profit. In fairness, the OP was honest and did say that they were doing it to benefit themselves (get a first step on the ladder), and given the huge difficulties young people face, I have some sympathy with that, however, it doesn't make it right or make it any less appropriate to consider ethical issues when making decisions.

Alternatively, we could visit financial forums for financial advice and visit religious forums for moralistic advice. Then, when fully informed on both aspects, make our decisions.

duchy

Building_Surveyor wrote: »

Get a grip! We're also talking about social housing and other people included yourself reaping the benefits of a cheap house that was never intended for that purpose. Let's face it, eventually you will sell it and pocket the profit. So let's not pretend its a family heirloom. Otherwise move in with them and live happily ever after in the council house...

What gets my goat is people come on here and aren't honest about the reasons for doing so, but instead concoct a fabricated story to make it out like they're are doing it for the benefit of their granny, mother, or whoever. JUST BE HONEST!

I'm sure your solicitor will be able to explain the legal pitfalls, and the financial ones (and explain to you the legal meaning of the word "fraud too)-just as people have explained them to you on your thread. If you want to pay for exactly the same advice....Go for it !!

somethingcorporate

Another satisfied customer :rotfl:

Seriously, what did you expect from a public forum if not opinion?

I think you should take a step back from the internet if the opinions of other people scare you.

Lord_Baltimore

somethingcorporate wrote: »

Another satisfied customer :rotfl:

Seriously, what did you expect from a public forum if not opinion?

I think you should take a step back from the internet if the opinions of other people scare you.

I don't think the OP is scared of the opinions of other people; indeed, having posted asking for advice I would say he values the views of others. He just has to sort the wheat from the chaff.

tabby_cats_mum

This is the third newbie in a week posting about buying a council house for a relative. I'm starting to smell a troll at work here!

emilybean

tabby_cats_mum wrote: »

This is the third newbie in a week posting about buying a council house for a relative. I'm starting to smell a troll at work here!

It was posted over a year ago.

tabby_cats_mum

emilybean wrote: »

It was posted over a year ago.

Oops sorry so it was. Must pay more attention!

Cissi

tabby_cats_mum wrote: »

Oops sorry so it was. Must pay more attention!

You could be forgiven for suspecting a troll....In fact it seems it's just one newbie, Spartahawk, resurrecting old threads on the same subject in an attempt to prove that buying his mum's council house is a good idea...

Prothet_of_Doom

Cissi wrote: »

in an attempt to prove that buying his mum's council house is a good idea...

It is a great idea and I'd definately do it. :j

Pixie5740

Prothet_of_Doom wrote: »

It is a great idea and I'd definately do it. :j

I'm not sure I would call it a great idea. There are a number of pitfalls to buying your parents or grandparents council house. For starters the parents/grandparents have a secure tenancy and don't have to worry about paying for the maintenance of the property. So are they any more secure owning the property? Possibly not. As council tenants in a family sized home they might have the option of downsizing to a smaller council property. Many councils would probably bite their hands off and offer a financial incentive to do so.

For the "investor" family member it is not without risks. The house may need to be sold to pay for the parents/grnadparents care in the future so get nothing back. The parents/grandparents don't have to leave the "investor" the house in the will, they could split it between other family members or leave it all to a donkey sanctuary. The parents/grandparents could divorce, remarry, come out the closet and enter into a civil partnership, run off with a toyboy, sell up and spend the money on a round the world cruise, you just don't know as there is nowt as queer as folk.

I'm not saying don't do it, I'm just saying that it might not be as "great" as it first appears.

I should say that I think the whole "Right to Buy" policy was ridiculous and the way it has been executed even worse i.e. selling social housing and not building any more. Don't hate the player, hate the game.