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right to buy

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Comments

  • r2015
    r2015 Posts: 1,136 Forumite
    Home Insurance Hacker! Cashback Cashier
    Hope your house doesn't burn down or get burgled then.

    Lost your sense of humour then.
    over 73 but not over the hill.
  • I'd answer with one of these

    or
    n/a
  • pleasedelete
    pleasedelete Posts: 2,291 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    r2015 wrote: »
    Lost your sense of humour then.

    No sense that you were being humorous in your post.
    June challenge £100 a day £3161.63 plus £350 vouchers plus £108.37 food/shopping saving

    July challenge £50 a day. £ 1682.50/1550

    October challenge £100 a day. £385/£3100
  • have rung them all they say is its a government thing
  • leveller2911
    leveller2911 Posts: 8,061 Forumite
    edited 22 August 2015 at 3:29PM
    have rung them all they say is its a government thing
    I think you may find its a form of "due diligence". They want to be confident that you can afford to buy,maintain the property. What they don't want is you buying it and 3 yrs down the line have it repo'd and then your back on their doorstep wanting another Social Housing property and it does happen on a regular basis.

    I know of 3 families who bought their Council houses/HA and years down the line are back in Social housing but the properties they bought are not ,so there are 3 less Council,HA houses for people in need.

    The data is also important because they can tell a lot from the financial postition of the tenants. Oxford University looked into this about 3 years ago and it turns out that only 5% of shared ownership owners staircase up to owning 100%. Without the information given by the public we would never know. It also turns out that less than 10% of Social Housing tenants can afford to buy their properties under the new RTB rules. Data is important in many instances.
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