right to buy

beattiesman

am looking to see if I can buy my bungalow off housing association, they have sent me out a form to apply , but on it you have to put the amount of any savings you have ,cant understand why they need to know we are not on any benefits so pay our own rent , the property is also made of poured concrete & due to our age we would be paying cash as we have been left some money.

chanz4

just be honest

Leo2020

As it is a housing assoction you are buying from I'm assumung it it Right to Aquire. From the application form it states this: "Part Details of income
NOTE: The Government collects information on the incomes of people buying their homes under the Right to Acquire. It uses this information to help it take decisions on future funding and policy in relation to social housing. Please assist in this process by adding the income details of you and your partner (if applicable)."

So there is the reason.

beattiesman

hiding nothing don't claim any housing benefit pay our full whack of council tax just don't understand what you save has anything to do with anybody ,both worked all our lives till we retired & paid into private pensions aswell,so keep your opinions to yourself

Running_Horse

Leo2020 wrote: »

As it is a housing assoction you are buying from I'm assumung it it Right to Aquire. From the application form it states this: "Part Details of income
NOTE: The Government collects information on the incomes of people buying their homes under the Right to Acquire. It uses this information to help it take decisions on future funding and policy in relation to social housing. Please assist in this process by adding the income details of you and your partner (if applicable)."

So there is the reason.

Does 'please assist' mean there is no requirement to assist?

Also, savings are not income.

Lioness_Twinkletoes

beattiesman wrote: »

hiding nothing don't claim any housing benefit pay our full whack of council tax just don't understand what you save has anything to do with anybody ,both worked all our lives till we retired & paid into private pensions aswell,so keep your opinions to yourself

You'll be lucky to get any further help with that attitude.

Norman_Castle

They may be asking to check you can afford to fund a mortgage and maintain the property after purchase. Its likely they will ask everyone the same questions. Try talking to them. Its unlikely they can insist on being given full details of your savings.

Leo2020

Running_Horse wrote: »

Does 'please assist' mean there is no requirement to assist?

Also, savings are not income.

I suppose you could leave it blank and see what happens. Maybe they won't care, maybe they won't let you buy the house. I have no idea.

Mossfarr

Hi Beattiesman,
I wouldn't want to divulge this information either, its actually none of their business. It just sounds like an information gathering exercise so I doubt you are under any obligation to provide details of your savings.
I would ring and ask if you have to answer this question and what the implications are in refusing to answer.
mossfarr

r2015

All my money is in current accounts or "under the mattress", none in savings accounts, so I always put £0 no savings when asked by some officious body.

pleasedelete

r2015 wrote: »

All my money is in current accounts or "under the mattress", none in savings accounts, so I always put £0 no savings when asked by some officious body.

Hope your house doesn't burn down or get burgled then.

Really not something to be promoting to others.