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Buying own council house
voucherqueen_3
Posts: 33 Forumite
My brother is in the process of buying his council house - been in it for approx 5 years.
How long does he have to stay there before he sells or does this vary between local authorities?
He got a 30% discount so hoping to build up some equity when he moves on
How long does he have to stay there before he sells or does this vary between local authorities?
He got a 30% discount so hoping to build up some equity when he moves on
0
Comments
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It says five years on this link:
http://www.direct.gov.uk/en/HomeAndCommunity/BuyingAndSellingYourHome/HomeBuyingSchemes/DG_4001398(AKA HRH_MUngo)
Member #10 of £2 savers club
Imagine someone holding forth on biology whose only knowledge of the subject is the Book of British Birds, and you have a rough idea of what it feels like to read Richard Dawkins on theology: Terry Eagleton0 -
It used to be 3 years but I believe it is now five. Also I think you can sell before the 3/5 yeasr is up but you have to repay all/part of the discount.0
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I think he's hoping house prices will dip by then but the value of his house will have gone down as well.0
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