Purchase of discount council house implications?

barnaby-bear

flopstocks wrote: »

He was going to give grandad the money so he could purchase it in his name. Then when he passes away the house would be left to him.

which makes grandad have to pay for care costs, house repairs adaptions etc.... even if you managed to contrive a mortgage with a charge - the difference between the market value and discounted price would be taken to be your grandad's asset - it also traps grandpa in a house that might become unsuitable and having to deal with paperwork for no benefit to him - it's really sad that the son is willing to take away his dad's security and comfort.... if you want to stop your dad screwing grandad over - you could contact age concenr or social workers to help support your grandpa appreciate how risky his dodgy son is and the full liabilities he could face....

zzzLazyDaisy

barnaby-bear wrote: »

if you want to stop your dad screwing grandad over - you could contact age concenr or social workers to help support your grandpa appreciate how risky his dodgy son is and the full liabilities he could face....

I would thank this post twice if I could :rotfl:

barnaby-bear

flopstocks wrote: »

Hi, my grandad has lived in his council house for years and is entitled to purchase a the fully discounted rate. Now my dad is considering giving him the money to purchase this, and then it would eventually be his when he passes away. He has no other tennents so it would be a shame to miss out on this opportunity.

He has contacted the ocean housing and they are sending the relavant paper work through. My grandad currently gets council tax discount, and I believe there could be an issue as to where the money came from. Are there any other implications my dad should be aware of? Thanks in advance.

Why doesn't the son just get a BTL and someone in who can pay the rent for a few years, the RTB discount is not a certainty as it could be eaten by care costs, other family members claims on the estate (just because grandad leaves it to someone - doesn't mean it couldn't be challenged - especially if it looks odd like leaving a house to one child when you have 3).... but most of all why tie an old boy to a house that might become a prison, having to sort out his own repairs and make him ineligible for warden/sheltered/specialist housing in the future... messing with grandad's security and choices is a bit low-life-like!!

barnaby-bear

zzzLazyDaisy wrote: »

I would thank this post twice if I could :rotfl:

Some people really will sell their granny it seems!

charlieismydarling

I really think that councils should thoroughly investigate exactly where the money is coming from when tenants exercise their right to buy. Especially with the elderly who are unlikely to get a mortgage. I for one am sick of these greedy relatives like the op picking over these limited resources. It is not an opportunity for you to score a fast buck, it is an increasingly rare public resource that is much needed.

It is an abuse of the system op to even think of this, buy a house on the open market like everyone else and leave your Grandad in peace.

barnaby-bear

charlieismydarling wrote: »

I really think that councils should thoroughly investigate exactly where the money is coming from when tenants exercise their right to buy. Especially with the elderly who are unlikely to get a mortgage. I for one am sick of these greedy relatives like the op picking over these limited resources. It is not an opportunity for you to score a fast buck, it is an increasingly rare public resource that is much needed.

It is an abuse of the system op to even think of this, buy a house on the open market like everyone else and leave your Grandad in peace.

I also think the relatives rarely think of the not-likely but possible scenarios e.g. the son gifting dad the money, gets runover by a bus and his estate is liable for iheritance tax - landing grandad/the estate with a big tax bill

Werdnal

barnaby-bear wrote: »

I also think the relatives rarely think of the not-likely but possible scenarios e.g. the son gifting dad the money, gets runover by a bus and his estate is liable for iheritance tax - landing grandad/the estate with a big tax bill

But who does when all they can think about is the ££££s they will save in ripping off the council and abusing the RTB system, and the ££££s they will make either selling it at a profit, or renting it out when Grandad/Gran/Great Uncle Percy, has popped their clogs - NICE!!!!!

barnaby-bear

Werdnal wrote: »

But who does when all they can think about is the ££££s they will save in ripping off the council and abusing the RTB system, and the ££££s they will make either selling it at a profit, or renting it out when Grandad/Gran/Great Uncle Percy, has popped their clogs - NICE!!!!!

Apparently quite a few old folk have theri revenge though - when they realise they are getting less care and can't access services, and they get a nice caring young carer popping in more often than the family - quite often they leave the carers a slice of the house.... :rotfl:do the relatives sit around choosing the nastiest cheapest care home :eek: you have to wonder....

emmell

We bought our Mum and Dads Council House which made it a lot more comfortable and cheaper to run. It had cheap windows, they were all replaced with top grade double glazing, the heating system was so outdated and it cost a fortune to run, replaced with all new C/H and boiler with additional radiators that the Council didn't seem to think they needed ie. no radiator in the Hallway, no radiator in the bathroom. we had a walk in Disabled shower fitted in the Bathroom because my Mum couldn't get in the Bath (the council wanted to put one in the front Lounge? So she didn't have to climb the stairs). We also had a stairlift fitted.....all of these things were done to make our parents quality of life better.....yes we did get the money when it was sold but we had spent a fortune keeping our parents in the Home they loved.

Oh, and by the way, my Parents did get a Council Bungalow when my Mum could no longer use the Stairlift, but the same happened again..... No shower in the Bathroom so up to us to sort that out again

ML.

Mojisola

emmell wrote: »

We bought our Mum and Dads Council House which made it a lot more comfortable and cheaper to run. It had cheap windows, they were all replaced with top grade double glazing, the heating system was so outdated and it cost a fortune to run, replaced with all new C/H and boiler with additional radiators that the Council didn't seem to think they needed ie. no radiator in the Hallway, no radiator in the bathroom. we had a walk in Disabled shower fitted in the Bathroom because my Mum couldn't get in the Bath (the council wanted to put one in the front Lounge? So she didn't have to climb the stairs). We also had a stairlift fitted.....all of these things were done to make our parents quality of life better.....yes we did get the money when it was sold but we had spent a fortune keeping our parents in the Home they loved.

flopstocks wrote: »

it is my dad that has the funds to purchase my grandads house outright. His unitial idea was to purchase the house, at a discounted rate. Let Grandad live there for the rest of his life. Then rent it out privately later on when he passes away.

emmell - I can see a world of difference between what happened in your family and what flopstocks' post suggests.