Advice please on son buying my council house

motherofstudents

It sounds like your son is living with you at the moment and could be on the tenancy agreement and eligible to buy, but it's a terrible idea. Don't agree to it. He needs to save up and buy somewhere of his own like everyone else.

Pixie5740

There are lots and lots of properties available on the open market that your son and DIL are free to offer on. They do not need to use your RTB discount or make you homeless to achieve their goal.

I doubt the council would give you another property in the future since you will make yourself intentionally homeless by giving your current home away. That leaves you with either buying your own home (which I'm assuming isn't an option) or renting privately i.e. less security than you currently have now.

dizzybee

Ozzuk wrote: »

Does the website actually say your son could buy it, or that you have the right to buy it for 6k? There is a vast difference. I believe (though far from an expert) that if you bought you cannot sell it for a certain period of time without paying back the discount so you'd be stuck living there and renting out part to them (if you can even do that).

has my son has been with me yes it says he can buy it, sorry that should be £60 thousand.

HiToAll

I nearly missed this thread.
Just wait two seconds for me to take a seat and get a :coffee:.



Right you may begin, good luck OP, it may be a bumpy ride.

dizzybee

Thanks for all your help, the things that you have all said i put to them that the council wouldn't re home me because i would be making myself homeless and secondley i would find it hard to get a private tenancy has i am ex bankrupt and the rents are way over my budget,there idea was to buy this at rock bottom price renovate it [her dads a builder] and then sell it in 10 years for a profit and buy a house in the area that they want.
Ive have had loads of arguments over this with them.but i am going to be firm and tell him straight i won't budge.

[Deleted User]

At the moment you've got a secure place to live, and your son and nearly daughter in law are also living cheaply (compared to private rent). Why don't they take advantage of this to save up their deposit and buy somewhere on the open market?

If you are worried about the bedroom tax when they are gone, can you apply for a smaller property in your local authority? Do you have long to wait until you are 60 (and the bedroom tax exemption)?

Out,_Vile_Jelly

I'm really sorry your son's placed you in such a difficult position. If you've had financial difficulties, a secure tenancy with affordable rent gives you a sound basis for getting your finances back on track. Please don't be bullied into this.

Dan-Dan

dizzybee wrote: »

Thanks for all your help, the things that you have all said i put to them that the council wouldn't re home me because i would be making myself homeless and secondley i would find it hard to get a private tenancy has i am ex bankrupt and the rents are way over my budget,there idea was to buy this at rock bottom price renovate it [her dads a builder] and then sell it in 10 years for a profit and buy a house in the area that they want.
Ive have had loads of arguments over this with them.but i am going to be firm and tell him straight i won't budge.

Arguments?
About YOUR home?
outrageous

tom9980

dizzybee wrote: »

Thanks for all your help, the things that you have all said i put to them that the council wouldn't re home me because i would be making myself homeless and secondley i would find it hard to get a private tenancy has i am ex bankrupt and the rents are way over my budget,there idea was to buy this at rock bottom price renovate it [her dads a builder] and then sell it in 10 years for a profit and buy a house in the area that they want.
Ive have had loads of arguments over this with them.but i am going to be firm and tell him straight i won't budge.

You are right to think that way, they want to profit to eventually get what THEY want. More importantly what do YOU want, you need a home, you need a secure tenancy especially given you were bankrupt giving it up for their needs will put you in difficulty of obtaining suitable housing so you are making the correct choice.

On another note i would be wary of these two in the future they are not considering you and your needs at all to the extent they are arguing and trying to bully you, be firm and say no.

Mossfarr

Very very bad idea for so many reasons.
Your son and his soon to be wife need to take their eyes off YOUR home and look for a home of their own.
You have no idea how difficult it can be to share your home with other family members their partners and children. Your home would never be the same again.
Tell him to try the "our Home" scheme where First time buyers get a substantial discount - but it requires him to make some effort ie saving a deposit first!
To suggest you move out to another property is absolutely disgusting in my opinion.