Avoid triggering repayment of discount on right to buy house

notanewuser

LittleMax wrote: »

Indeed ... how much can a family grow in a year? There can have only been one additional child and they would still be in mum and dad's room.

There is such a thing as a multiple pregnancy, but it doesn't sound like that's what has happened here. The OP clearly just wants to make a fast buck.

gettingbetter

this has to be a wind up

kas x

foolishboy

And suddenly able to afford a bigger house and move up the ladder 5 mins after qualifying for a right to buy discount .. that scheme is so wrong :-(

duchy

It isn't the scheme that is wrong-it's the chancers who try to abuse it !

Circumstances can change so choices are either rearrange living space for four years or bite the bullet and lose the discount. Only other option I can see is rent out property and rent something bigger but may not fly with the mortgage company.

Really though the OP made me laugh -they sounded so surprised that they had run out of bedrooms

foolishboy

duchy wrote: »

It isn't the scheme that is wrong-it's the chancers who try to abuse it !

Actually I'd love to hear some decent reasons why the scheme is a good thing.

- It reduces stock of LA housing that someone might actually need
- When is cash gift, because that's what it is after 5 years, OK for one person and not OK for others who have worked hard and contributed far more (financially) to the benefit pot?

..owning your own house is not a right surely?

What am I missing here? I'm happy to be wrong! :-)

FB

seven-day-weekend

notanewuser wrote: »

Cheap sofa bed/blow up mattress for you and the wife in the living room, split the kids between the 2 rooms. Wait 5 years, then sell.

This is the best option. I know a family in exactly the same position as yourselves, that's exactly what they did until the kids grew up. You need only do it for four years.

Georgiegirl256

I take it that your youngest child is the boy? Am I correct? It's just what Im getting from the above information, I could obviously be totally wrong (it has been known :rotfl:), but regardless, him or her is still just a baby, why not have them in with you and your wife, bingo, problem sorted, the girls can then have their room back, you can hold on for another few years and then move!