were we missold our rtb in 2012?

blckbrd

n00bsmerf wrote: »

we weren't actually aware of how bad the damage was , flat roof top decimated main roof relt rotted and leaking everywhere,plaster blown in every room in fact the more we have stripped off the coverings on everything the more we find

Only started finding stuff as we never improved anything before hand , thanks for replies all anyway just seems we bought at an unlucky time

application was put in 2011 and took ages to go through was finalised end jan 2012, just chalk it up to experience I guess

Check your section 125/offer notice. I doubt they could have known about the plaster but a roof in such bad shape should surely have been noted as a defect and reflected in the price.

Mallotum_X

n00bsmerf wrote: »

the point is we weren't informed beforehand to make a decision on whether to continue or not even though this was announced months before our rtb went through. still a bit sickening with the amount of money involved and what the house is going to need spending on to make it right also

Who should have informed you?

It was publically announced so in effect you were informed. You just hadn't done enough homework on your purchase.

At the end of the day you got a house for a bargain price, subsidised by the rest of the tax payers. The fact your neighbour has got a better deal doesn't change anything. You were happy at the time you bought the house, and nothing has really changed.

I understand it would be annoying to miss out on a bigger discount, but unfortunately if you want to blame someone the only person to blame is yourself.

ruggedtoast

n00bsmerf wrote: »

the point is we weren't informed beforehand to make a decision on whether to continue or not even though this was announced months before our rtb went through. still a bit sickening with the amount of money involved and what the house is going to need spending on to make it right also

Well this is how the rest of us feel who aren't lucky enough to get secure council tenancies in properties that are then sold to them at a massive discount, for no other reason that they won the state housing lottery while everyone else ends up in private rented.

You got a house you presumably wanted to buy, at a £24,000 mark down to the detriment of the taxpayer. They told you the price and you paid it, but now you wish the government gravy train to rain another £51,000 down upon your head retrospectively.

lighting_up_the_chalice

Getting a bit harsh, I feel. You can't blame an individual for the system. If social housing was offered, at discount, on the open market, who wouldn't wish to take advantage of it?

As for the mis-selling? If it was known that the discount was going to increase at the time you applied for RTB, you may have an argument. Common sense dictates that you should really inform yourself of such actions, but that same common sense also tells us that interest rates can go up as well as down, but lenders still have a duty to advise us of that glaringly obvious fact, so why not discounts too?

Suggest you book an appointment with a solicitor who deals with housing issues. You never know..... we live in strange times.

theartfullodger

There's two sorts of people...

1. Those who always want to blame someone else... regardless of the decisions they made & the research they failed to carry out...
2. Those who accept the consequences of what they decide & get on with life...
3. Those who can't count...

n00bsmerf: So if the discount had gone DOWN on your logic you would have given the council the extra discount you unfairly got when nobody told you you'd be worse off later??

lighting_up_the_chalice

The blame may not be with the council. If the change in RTB discounts was finalised and known, others in the buying process may have had a duty to give their client suitable advice. Few of us are experts in the house buying process in its simplest form, let alone RTB. That's why we hire professionals.