Buying a second property

G_M

jenniwat001 wrote: »

If you move out of a home purchased through 'right to buy' you risk the council putting a compulsory purchase order on it and forcing you to sell it back to them (at around the price you paid), .

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If you sell your home within 10 years of buying it through Right to Buy, you must first offer it to either:

• your old landlord
• another social landlord in the area

The property should be sold at the full market price agreed between you and the landlord.
You can sell your home to anyone if the landlord doesn’t agree to buy it within 8 weeks.

You’ll have to pay back some or all of the discount you got if you sell your Right to Buy home within 5 years of buying it.
You’ll have to pay back all of the discount if you sell within the first year. After that, the total amount you pay back reduces to:

• 80% of the discount in the second year
• 60% of the discount in the third year
• 40% of the discount in the fourth year
• 20% of the discount in the fifth year

https://www.gov.uk/right-to-buy-buying-your-council-home/selling-your-home

charltonkeston

Not even a half convincing wind up.

Pixie5740

fishpond wrote: »

What is "pip"?

Personal Independence Payment (PIP) helps with some of the extra costs caused by long-term ill-health or a disability if you’re aged 16 to 64. It's gradually replacing the Disability Living Alloance (DLA).