right to buy after succession of tenancy

Fire_Fox

lighting_up_the_chalice wrote: »

But if the tenancy was assigned as a joint tenancy and the purchase completed while Grandma is still alive, he could fund the purchase and Grandma would still be eligible for her full discount.

The rules may have changed, but grandmas tenancy rights are protected and remain as they were when she signed her tenancy.

Few if any lenders will permit someone who is not named on the mortgage to be named on the deeds. I doubt any lender would give a 25 year mortgage to anyone older and certainly not to someone who appears to be terminally ill. Even setting aside the possibility of attempted mortgage fraud she would not be able to get life insurance on the loan which is generally a condition.

The only way it could be done is for grandma to purchase outright as a cash buyer, then the place would not be transferable to another party for some years without the discount being repaid in part or in full. The whole scam is dead in the water for multiple reasons.

lighting_up_the_chalice

Fire_Fox wrote: »

Few if any lenders will permit someone who is not named on the mortgage to be named on the deeds. I doubt any lender would give a 25 year mortgage to anyone older and certainly not to someone who appears to be terminally ill. Even setting aside the possibility of attempted mortgage fraud she would not be able to get life insurance on the loan which is generally a condition.

The only way it could be done is for grandma to purchase outright as a cash buyer, then the place would not be transferable to another party for some years without the discount being repaid in part or in full. The whole scam is dead in the water for multiple reasons.

Not at all. With the level of discount currently being offered for the length of tenancy grandma has enjoyed, a mortgage would easily be covered by the equity such a discount would trigger. Issuing a £40k mortgage for a 50% interest on a property worth £100k wouldn't be unattractive.

moremore

lighting_up_the_chalice wrote: »

Not at all. With the level of discount currently being offered for the length of tenancy grandma has enjoyed, a mortgage would easily be covered by the equity such a discount would trigger. Issuing a £40k mortgage for a 50% interest on a property worth £100k wouldn't be unattractive.

With mortgage interests so low for so many years, council tenants would be paying the same if not more than some mortgagees. Again I cannot emphasis enough to be very careful about flats in a blocks as the service charges are unreal for no services, not even cleaning service.

Council will ignore major repairs and do not want to spend their money on anything unless it is on themselves ie large salaries, long holiday with unreal sick leave. Most of them are sitting at their desk because they know they will not get anything as good in the private sector. They could not care less about the public that they are supposed to be serving as they seem to be just there for their pay at the end of the month and would love and get their pension and leave with that big golden handshake

lighting_up_the_chalice

moremore wrote: »

With mortgage interests so low for so many years, council tenants would be paying the same if not more than some mortgagees. Again I cannot emphasis enough to be very careful about flats in a blocks as the service charges are unreal for no services, not even cleaning service.

Council will ignore major repairs and do not want to spend their money on anything unless it is on themselves ie large salaries, long holiday with unreal sick leave. Most of them are sitting at their desk because they know they will not get anything as good in the private sector. They could not care less about the public that they are supposed to be serving as they seem to be just there for their pay at the end of the month and would love and get their pension and leave with that big golden handshake

Sounds like to sooner the OP takes advantage of grandma's discount, the better.

blckbrd

OP, if granny was the original sole tenant then in all likelihood (from what you have written) you may succeed. Some councils made it policy to grant tenancies to the 'wife' of a household rather than the 'husband' or even a joint tenancy.

The RTB1 - notice claiming the RTB - gives useful info on the possibility of claiming a previous tenant's years after succession. Spouses, civil partners (used to include co-habitees but seemingly not now) and children are referenced explicitly.

I do not believe you can claim the years as a grandchild although you may have a right to succeed. And if the property is too large for your needs, you may be required to move and would need to fulfil the tenancy duration criterion on your own behalf.