Buying Gran's Council House?

DaveHemmerman

Hi i am after a bit of advice with regards to buying my grans council house. She has lived there for 30 years and has no intention of moving, she has her daughter still living with her as she never moved out. My gran is 80 and my auntie is about 58 i think and i have been thinking of buying it perhaps along with a bit of help form my mum once her divorce is sorted out as she will get a decent amount of cash in September. What i need to know is basically were do we start and if we did by it what sort of benefits would she lose? She told me a while back that she paid £30 a month rent (i might be wrong) but i guess she gets a subsidised council tax bill. Her daughter does not earn much less than £5k a year so am i not sure if that would affect anything. I see this as a good investment for years to come as at present its worth around £130k. What sort of discount do people get who buy there own house? We live in the East Riding of Yorkshire if that helps anyone with any answers.

Thank you in advance,

regards

Dave

TokochickUK

SORRY.BUT
This is why there are a shortage of housing from the council for families that actually NEED them.
Not as an investment at a good price, but a roof over their heads for a young family with children, disabilities, vulnerability...

If you can afford to buy you dont and should not even be contemplaiting this
its morally very very wrong.

sortofok

DaveHemmerman wrote: »

Hi i am after a bit of advice with regards to buying my grans council house. She has lived there for 30 years and has no intention of moving, she has her daughter still living with her as she never moved out. My gran is 80 and my auntie is about 58 i think and i have been thinking of buying it perhaps along with a bit of help form my mum once her divorce is sorted out as she will get a decent amount of cash in September. What i need to know is basically were do we start and if we did by it what sort of benefits would she lose? She told me a while back that she paid £30 a month rent (i might be wrong) but i guess she gets a subsidised council tax bill. Her daughter does not earn much less than £5k a year so am i not sure if that would affect anything. I see this as a good investment for years to come as at present its worth around £130k. What sort of discount do people get who buy there own house? We live in the East Riding of Yorkshire if that helps anyone with any answers.

Thank you in advance,

regards

Dave

This plan you suggest is both greedy and immoral.

Do not do it my friend.

leftieM

Oh come on. He's not the first! Loads of middle class offspring bought out their old mum's council house to secure an inheritance. Immoral, yes but who do you think buys up all the council stock?
The Right to Buy scheme is free money so people are going to exploit it. It's human nature.
I presume the house would have to be bought by the tenants? Dave might get a land if grannie and auntie decide to sell his investment and blow the lot!

hearts

Firstly go to the council and get the forms to fill in. They wll tell you what discount she will be entitled to. Depends on whether house or flat. Whatever the Max is she will get.
There should be no benefits that she will lose.

Your Gran and her family are quite entitled to gain from this property. That was why the tories and then labour governments allowed the purchase of council houses.

sortofok

leftieM wrote: »

Oh come on. He's not the first! Loads of middle class offspring bought out their old mum's council house to secure an inheritance. Immoral, yes but who do you think buys up all the council stock?
The Right to Buy scheme is free money so people are going to exploit it. It's human nature.
I presume the house would have to be bought by the tenants? Dave might get a land if grannie and auntie decide to sell his investment and blow the lot!

Your username suggests you are a socialist my red friend.

Why do you speak the language which is opposed to your beliefs?

Or are you here to deceive us with your capitalist intentions.


Tell me my friend...



Is it right that these people obtain a heavily subsidised property in order to maximise their ill-gotten gains by selling at an inflated price in years to come.


And denying those less fortunate a home they can afford.

Is this right my friend?

katepnlo

hearts wrote: »

Your Gran and her family are quite entitled to gain from this property. That was why the tories and then labour governments allowed the purchase of council houses.

:eek: they have gained! all these years of minimal rent.
I am sorry but it is moraly wrong.

Never mind the fact it is social housing, there are families who are sat in bed sits waiting for their chance to have a home, your aunt has had her use of the house, it should be left as it is until the day comes that she won't need the house any more...and another family get to use it.

Geez its not even YOUR council house and you are trying to cash in

DaveHemmerman

I appreciate all views and can understand what you are saying, The reason i have thought about doing this is not only to invest in property which to be fair is probably one of the safest places to put your money long term but to secure it for my auntie as they maybe not guarentees she will keep the 2 bed bungalow (unlikely they will through her out or move her). On her own i she will struggle and would never be able to afford to buy it, i would not charge them any rent and would do the repairs if any to the house for them, they have new upvc windows and doors and new boiler the only thing left would be the facias which wouldnt be that expensive. There are only a few council houses in her cul-de-sac as the rest have been bought already. I understand this leaves less houses on the council list but let me say they live 15 miles from the nearest city and its the type of place where your next door neighbour is either your uncle or your brother, the buses are far and few between. Another reason for buying is that we plan to have a family of our own soon and this would prove to be a good assest as they could either live there or we could sell and give them a great big help to get on the property ladder god only knows what it will be like in 20 or 30 years time. If we dont have kids then we may sell our house and my grans and move abroad to sunny aparts just like thousands of others are doing, which will mean they are 2 houses for sale!:p

DaveHemmerman

Its a 2 bed bungalow in the middle of nowhere, the village is full of people aged 65+ with only small local shops.

My aunt will never move she will be there till the end.

mr.broderick

DaveHemmerman wrote: »

Its a 2 bed bungalow in the middle of nowhere, the village is full of people aged 65+ with only small local shops.

My aunt will never move she will be there till the end.

The end...tis a long time dave...

The west is the best
The west is the best
Get here, and well do the rest

noyk

whats all this "my friend" business about