Right to buy (passing it onto family member?)

leveller2911

harryboyy wrote: »

Love the prejudice here, no one knows nothing yet assumes everything as if it's so accurate. My nan would never move, the way she sees it as shes lived there for so long and whats the point in leaving, all of our family memories are there. God I wished I never said anything now.

Isn't that a double negative which means its actually positive , meaning that someone does actually know something.............

Or am I being perdantic?........

"crunch, crunch, crunch". Popcorn ,anyone?...

ognum

harryboyy wrote: »

Love the prejudice here, no one knows nothing yet assumes everything as if it's so accurate. My nan would never move, the way she sees it as shes lived there for so long and whats the point in leaving, all of our family memories are there. God I wished I never said anything now.

I can certainly understand why you wish you hadn't posted, it is difficult to give positive advice.

Please understand that most people even if they own a house keep it in the family for the memories even if they are great.

I have great memories of my grandparents home, field and stream, long hot summers and building rafts and treehouse but the most important thing is they are great memories, no one can take those away even if you don't own the bricks and mortar.

Talk with your nan, record her thoughts and write down all the great things, memories and stories.

Petra_70

harryboyy wrote: »

Obviously I would bloody look after it, God this has become ridiculously prejudice, what a bunch of prats. This is more like the abuse forum than advice, only a couple of people on this thread have been well informative rather than being an obnoxious, ill informed !!!!!.

Wow, nice.

SnooksNJ

AdrianC wrote: »

https://www.google.co.uk/search?q=moneysavingexpert+right+to+buy+relative
Right at the top of the list, a whole stack of very similar threads.

Admin should just make a right to buy sticky. Then all the people who want to prey on, oops I mean help out an elderly relative with their right to buy can go there and discuss about how they can scam the UK taxpayers out of tens of thousands of pounds.

onlyroz

harryboyy wrote: »

Love the prejudice here, no one knows nothing yet assumes everything as if it's so accurate. My nan would never move, the way she sees it as shes lived there for so long and whats the point in leaving, all of our family memories are there. God I wished I never said anything now.

Your nan will be able to buy the house if you give her the money. However, if you want to get your grubby mits on it before she is dead then she will have to pay the full market value. I am not quite sure what other advice you expected to receive.

tberry6686

I have seen this scenario played out a few times in real life and only once has it really been for the benefit of the tenant.

In that case the grandson (who put up the money for the house) immediately took the grandparent to live with him for 3 weeks while the house was completely gutted and refitted to the grandparents tastes with no limit to on cost (new central heating, double glazing, kitchen, bathroom etc, total bill was ~£50,000). the house was kept in the grandparents name even after the RTB discount repayment time was up and remained so until they died. At that point ownership of the property passed to the grandson (he had been paying for all maintenance etc throughout, grandparent paid for gas, electric council tax etc).

The other couple of times I have seen this, there has been no benefit to the tenant at all with the person putting up the cash unwilling to spend anything on the property and just looking to cash in, so I fully understand the majority of the responses here as it is unlikely that there will be any benefit to the tenant through the arrangement.

JencParker

harryboyy wrote: »

I actually searched in a lot of areas of this exact question, and couldn't find it.

Ognum, thanks for the information thankfully that comment was actually understandable unlike the rest. My nan has actually paid out of her own pocket for many of the things around the house and in the garden areas, the council never spends a penny on the whole estate.

It is her home, but it is not her house. She may have paid for things around the house and garden, but she will have benefitted from that. The house belongs to the council who will decide who will live there when she no longer can.

Innys1

elsien wrote: »

So just to summarise, nan is ill, you're the only one in the family so far who's been mercenary enough to suggest the said scheme to her, and you want to make a large profit without the wider family being cut in from a property on a bad area that you have no intention of living in yourself?

Very succinctly put.

I honestly don't understand the OP's (perhaps faux) surprise at the responses to his postings.

No one likes those who steal from the public purse. RTB (without replacement) is a bad enough policy as it is. Using it to make a massive profit when you're not even the tenant is extracting the urine, big time.

On another point, Pixie, the gift would fall within the 7 year rule if the OP charged their dear old frail nan market rent during that period. Where she'd find the money to pay that is anyone's guess........

Innys1

AdrianC wrote: »

Do people really not think this question might have been asked a few times before?
Do they not search, and spot that the answer is always the same - EVERY SINGLE TIME...?

Maybe the OP was hoping that if the question was asked often enough, the answer would change.................gotta admire the optimism.

chanz4

harryboyy wrote: »

I actually searched in a lot of areas of this exact question, and couldn't find it.

Ognum, thanks for the information thankfully that comment was actually understandable unlike the rest. My nan has actually paid out of her own pocket for many of the things around the house and in the garden areas, the council never spends a penny on the whole estate.

light shades and garden gnomes don't count