right to buy housing association tenants

Pixie5740

zeoknight wrote: »

RtB has been around for nearly twice as long as I have been alive, I didn't create it, but I'll damn well take any advantage I can get to secure my family. If you're not happy with that, tough.

Spoken like a true blue. :rotfl:

giddypenguin

zeoknight wrote: »

We are young professional couple, mid 20s, earning around 30k a year between us - my partner is training to be a nurse so is only on a bursary for the next 3 years.

In regards to saving a deposit and buying on the open market, thats a stupid idea.

Why would I do that if I have opportunity to get a reasonable first time buyer home, that I have lived in for nearly 5 years and without the hassle and stress of the buying process.

On top of this, in my financial opinion I would rather have a small mortgage for this property for 12ish years, paying more on the principle and just a small proportion of interest per month with the added bonus of being mortgage free before our 40th.

Compare this to a 5% HtB mortgage paying 3 times the amount of the smaller mortgage and paying double the principle as interest. Why wouldn't I do it?

Don't get me wrong, we are incredibly lucky and thankful to have the opportunity, to have a nice home, and possibly even have the opportunity to buy our home at a discounted rate but to those that complain; unfortunately that's life.

RtB has been around for nearly twice as long as I have been alive, I didn't create it, but I'll damn well take any advantage I can get to secure my family. If you're not happy with that, tough.

You don't have the opportunity to buy your home though, no law has been passed yet - if you wanted right to buy you should have got a council place (or did you find that they are very hard to come by? I wonder why...)

Why are you more entitled to a large discount off your first home just because you happen to live in a HA house than those in private rentals... Or should they have the right to buy at a discount too?:rotfl:

zeoknight

There are no council properties in my area at all they were all transferred to HAs.

Not entitled to a thing, I won't pretend that I am - it's nothing more than dumb luck - but then we go into the area of how social housing tenants are selected.

usefulmale

zeoknight wrote: »

Don't get me wrong, we are incredibly lucky and thankful to have the opportunity, to have a nice home, and possibly even have the opportunity to buy our home at a discounted rate but to those that complain; [STRIKE]unfortunately that's life[/STRIKE] screw you, we're alright jack and we don't care about those that come along later.

RtB has been around for nearly twice as long as I have been alive, I didn't create it, but I'll damn well take any advantage I can get to secure my family. If you're not happy with that, tough.

Clearly one of Thatchers selfish children coming through. The tories are NOT your friends. Once they slash the benefits, both in-work and out-of-work, even your discounted asset will be in negative equity. And if you loose your jobs (nursing will be hit hard via the NHS bloodbath thats coming, how 'secure' will your family be, with no social housing left.

Malmo

There are 2 threads on this topic, this one and this one in the Mortgages & Endowments board.

The proposed policy will be challenged legally by the Housing Associations. They do not support this at all.

Firstly, these organisations are private, independent charities. Forcing them to sell their property assets at below market value could potentially breach Article 1, Protocol 1 of the European Convention on Human Rights, which gives everyone the “right to the peaceful enjoyment of one’s possessions”. This includes Housing Associations.

Secondly, HAs hold property as assets in trust for their communities and these assets must be managed responsibly and properly. Disposing of charity assets below market value would be difficult or impossible under Charity Law as charities must get the best deal or approval from the Charity Commission. The law itself and how the commission works would need to be amended.

I highly doubt this damaging & flawed policy will ever see the light of day.

Barter

But surely it was just the Tories buying votes? Job done!

[Deleted User]

Yup, I suspect the Tories did it again. I am glad I am not the only one who sees the need for social housing.

I am presently living in a large borough, with only three 3 bed houses coming up on the bidding list in 5 weeks. So me and my two kids, (both with special needs) will probably end up in B&B miles away if something doesn't change and quickly. A 3 bed house in my street (normally considered a cheap area) went up for rent last week for £950 pcm. Nothing special, just a 3 bed terrace, freshly painted over the wallpaper, new kitchen but nothing special at all. HLA is £730 and hasn't gone up for two years, Rental prices have, by a lot. You just can't get a 3 bed anything for that now. And yet HLA was supposed to enable you to rent somethinging in the lowest 30% of rentals?????

So I don't know what's going to happen to us, I just know its going to be bad with this result.

Marie2015

zeoknight wrote: »

RtB has been around for nearly twice as long as I have been alive, I didn't create it, but I'll damn well take any advantage I can get to secure my family. If you're not happy with that, tough.

I came to this forum for similar advice on the changes to RTB and like you have just had mud slinged at me!

I know many people who have taken advantage of RTB, all hard working and will be securing the same for my family when this policy is brought in. I have paid rent for 20 years, since I was a teenager and its about time I had some good luck! No silver spoons here or mummy and daddy to pay deposits!

Marie2015

zeoknight wrote: »

Hi All,

With the slim majority to the conservatives today, does anyone want to take a gander at the timeframe for allowing housing association tenants to buy their own home to come into fruition?

I know this is the sort of question like 'how long is a piece or string?' but just curious how, in reality complicated this change is - i.e. will it take months or years to sort out.

Cheers,

I myself am making a 2/3 yr plan, but hoping it won't take that long. Hoping for a proper timeframe soon.

Marie2015

chrisyboy wrote: »

I am also very interested in this, one of the reasons I voted conservative

Same here.