Buying Gran's Council House?

sortofok

Sorry Dave

leftieM

seven-day-weekend wrote: »

The RTB scheme may not be morally right, but people are quite legally entitled to do it, so I don't think it's right to slate the OP as though it's his personal fault people can't get council houses.

Margaret Thatcher thought the RTB was a good scheme because she didn't want to have any council/social housing. That's why the RTB scheme was introduced.

Are people legally entitled to use RTB if they are not the named tenants at the address to be purchased? I would have thought it would be a complete exploitation of the system which was designed to [strike]shackle working people with debt so they couldn't afford to strike too often[/strike] help working class people become home owners.

before_hollywood

if you are so worried about whether your aunt can afford the rent when its just her, if she can't get support, why not just pay the mimimal rent for her, its what £30 a month?

rolo1952

dave re the process of buying a council house.

the council should have a leaflet explaining the process and what percentage reduction would be given. This is based on the amount of years the tenant has lived in the property.
Complete the application form and the Council will arrange for a valuation of the property.
They will then inform you of the amount of reduction your Gran will be entitled to.
You are under no obligation to proceed at this point.
The house will have to be in your grans name.
If your gran sells the house within 3 years a proportion of this reduction needs to be repaid.
After this 3 year period I would advise you to have your Gran have the deeds changed into your name to ensure ownership as if she needs to move into residential care the value of the property would be included to assess the cost of the care home.
Personally it makes sense what your thinking in order to help your gran and your aunt rather than them continue to pay rental costs for years.

hope all goes well for you.

Errata

rolo1952 wrote: »

dave re the process of buying a council house.

the council should have a leaflet explaining the process and what percentage reduction would be given. This is based on the amount of years the tenant has lived in the property.
Complete the application form and the Council will arrange for a valuation of the property.
They will then inform you of the amount of reduction your Gran will be entitled to.
You are under no obligation to proceed at this point.
The house will have to be in your grans name.
If your gran sells the house within 3 years a proportion of this reduction needs to be repaid.
After this 3 year period I would advise you to have your Gran have the deeds changed into your name to ensure ownership as if she needs to move into residential care the value of the property would be included to assess the cost of the care home.
Personally it makes sense what your thinking in order to help your gran and your aunt rather than them continue to pay rental costs for years.

hope all goes well for you.

Helpful and sensible information for the OP. However, if gran transfers ownership to the OP and then needs residential care the council will take it as Deprivation of Assets and depending on how big the gap is between ownership transfer and need for residential care may refuse to fund the care.

sortofok

Sorry for being a bore but can anyone tell me what is wrong with what sortofok has said on this thread.

Isn't he just pointing out that there is a moral consideration here, as well as a financial one?

Albeit in a roundabout way.

I don't think he has tried to deceive or confuse anyone.

andipandi_2

TokochickUK wrote: »

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.

indeed i agree with you

andipandi_2

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!

he may not be the first but it don't mean that its the right way to go,ask those who can't get a decent home ,theres hundreds of thousands of those folks out there

TheOneSteeltips

leave the guy alone they have the right you would do the same to turn a profit paying rent for so long gives them the right

Errata

sortofok wrote: »

Sorry for being a bore but can anyone tell me what is wrong with what sortofok has said on this thread.

Isn't he just pointing out that there is a moral consideration here, as well as a financial one?

Albeit in a roundabout way.

I don't think he has tried to deceive or confuse anyone.

The OP asked for advice, not a lecture on his morals or ethical values - butt out of this thread and go back to annoying other people on other threads!
Unless of course you have something sensible and useful which the OP will find helpful.