We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
Buying NIHE property
jenny45
Posts: 55 Forumite
hi there wasn't so sure as to where to post so sorry if in wrong place
I live with my mother and brother in a NIHE property and my mum and I are joint tenants. My mum gets a bit of housing benefit help but I still have quite a lot to pay each month in rent and it is set to increase again.
We had applied last year to buy this property but to get full discount my mum would need to be on application, deeds and mortgage but we were stuck as my mum is 81 and we could not get a mortgage with her because of her age
Can anyone advise if there is anyway at all we can get around this catch 22 situation....
I live with my mother and brother in a NIHE property and my mum and I are joint tenants. My mum gets a bit of housing benefit help but I still have quite a lot to pay each month in rent and it is set to increase again.
We had applied last year to buy this property but to get full discount my mum would need to be on application, deeds and mortgage but we were stuck as my mum is 81 and we could not get a mortgage with her because of her age
Can anyone advise if there is anyway at all we can get around this catch 22 situation....
0
Comments
-
Firstly, what is a NIHE property?
If you cannot afford the rent between 3 of you, you must be on such low incomes that you would not get a mortgage.If you are querying your Council Tax band would you please state whether you are in England, Scotland or Wales0 -
you need to speak to a broker .The mortgage is possible with your mum on it .The problem would come if your mum went into a home .hi there wasn't so sure as to where to post so sorry if in wrong place
I live with my mother and brother in a NIHE property and my mum and I are joint tenants. My mum gets a bit of housing benefit help but I still have quite a lot to pay each month in rent and it is set to increase again.
We had applied last year to buy this property but to get full discount my mum would need to be on application, deeds and mortgage but we were stuck as my mum is 81 and we could not get a mortgage with her because of her age
Can anyone advise if there is anyway at all we can get around this catch 22 situation....
How much discount would you get on your own .You can buy it in joints names with your brother ."Do not regret growing older, it's a privilege denied to many"0 -
lincroft1710 wrote: »Firstly, what is a NIHE property?
If you cannot afford the rent between 3 of you, you must be on such low incomes that you would not get a mortgage.
Northern Ireland Housing Executive I think.0 -
It may be a good idea to post this on the Northern Ireland board. The rules will be very different from English rules I would imagine so you may get a bit more relevant info on there.Father Ted: Now concentrate this time, Dougal. These
(he points to some plastic cows on the table) are very small; those (pointing at some cows out of the window) are far away...
:D:D0 -
lincroft1710 wrote: »Firstly, what is a NIHE property?
If you cannot afford the rent between 3 of you, you must be on such low incomes that you would not get a mortgage.
NIHE would be similar to council on mainland
it has nothing to do with paying the rent it has to do with the fact that is would be much cheaper to pay a mortgage each month ..0 -
you need to speak to a broker .The mortgage is possible with your mum on it .The problem would come if your mum went into a home .
How much discount would you get on your own .You can buy it in joints names with your brother .
thanks we will apply and see how much it would be to buy property in two names
probably make more sense and less hassle for mum0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 350.3K Banking & Borrowing
- 252.8K Reduce Debt & Boost Income
- 453.2K Spending & Discounts
- 243.3K Work, Benefits & Business
- 597.8K Mortgages, Homes & Bills
- 176.6K Life & Family
- 256.3K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards