Buying parent housing association home on a right to buy discount

ethank

xKayx wrote: »

If you were to move in with your mum for 12 months and have your name put on the tenancy there COULD be a possibility BUT I'm sure it would still have to be a joint mortgage.

Don't you need to have been a tenant for five years to get right to acquire?

poppysarah

Your mum should be allowed to live out the rest of her life without the stress of a child suddenly owning their house under some nefariously dreamt up get rich quick scheme.

Alter_ego

If you live there and are on the tenancy you and mother can jointly buy for cash.
If you are over 60, the property value may be ignored if mother goes into care at LA expense, provided you continue to live in it.
I did this a few years ago. No charge on property, No repayment of discount, forget benefits though.

squinty

You have no entitlement to buy the property as you are not the tenant.

As it is a Housing Association there may not be any RTB anyway, similarly if the property is for older people it would be excluded, also other types of property are excluded. Housing Benefit is not normally payable to people who rent from family members.

If you mum is living rent free, and having repairs etc carried out there seems to be no advantage to her in you taking this any further. In fact, you would make her situation worse, and only you would benefit.

Take a step back and look at what you are proposing, it is legally and morally wrong.

xKayx

ethank wrote: »

Don't you need to have been a tenant for five years to get right to acquire?

The main tenant yes.

I was told 12 months for a joint tenant to apply for RTA as long as you have sent back the form to be added to the tenancy and provide proof such as bank statements that you have been living at the address for 12 months.

haras_nosirrah

RaiderHammer wrote: »

Hi thinking of buying my mums housing association home on a right to buy discount. Just wondering if anyone has done this and if they are aware of any pitfalls.

As far as your mum is concerned there is nothing but pitfalls

at the moment she has free rent, no worries about maintenance, security of tenure

say you were magically able to get the property (you can't btw) and then you stop paying the mortgage or are made bankrupt - she would lose her home

The windows need doing or the boiler goes - who fixes it - your mum?

You get married (or if already married you get divorced) - your husband or wife has an interest in your mums property.

Your mum goes into a home - home must be sold to pay for care home so even if you do buy it it may be taken away from you

Housing benefit won't pay as your mum would be the owner so your mum wouldn't be able to pay you any rent - pitfalls for you too.

Forget about it and let this idea go - it isn't going to happen. Let your mum live out her days free of stress and worry

RaiderHammer

Scrootum wrote: »

What would be the advantage to your mother of this arrangement?
Or is it just a way of screwing some cash out of a frail old lady?

Nice.........

RaiderHammer

Scrootum wrote: »

So what is the benefit to the old lady then?

You know nothing about the circumstances... Or for that matter what I have done for my mother over the years...in fact it was my mother that asked me if I could do it.

RobertoMoir

RaiderHammer wrote: »

You know nothing about the circumstances... Or for that matter what I have done for my mother over the years...in fact it was my mother that asked me if I could do it.

So what is the benefit to her at this time of her life of being the homeowner and assuming all responsibilities for maintaining it? Owning a house isn't all baths in champagne and afternoon tea with the Queen, you know.

You're either trying to rip her off, in which case shame on you, or the two of you are trying to rip off the taxpayer, in which case shame on the both of you, or at least one of you doesn't understand the implications of what you're talking about in which case god help you both when it goes tits-up.

xKayx

There could be lots of reasons for this...not really anyones business OP was only asking for advice