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Advice please on son buying my council house

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  • cells
    cells Posts: 5,246 Forumite
    If I were in a similar situation I think I would ask the son to give me £60k to buy the property which I would leave to him in the will

    That way the house is yours until you die. When you die you leave an asset to your child and family.

    Other than that it seems too big a risk for yourself.
  • stokesley
    stokesley Posts: 219 Forumite
    Tenth Anniversary
    cells wrote: »
    If I were in a similar situation I think I would ask the son to give me £60k to buy the property which I would leave to him in the will


    That's what I'd tell him I was going to do.


    Then I'd leave it to the local dogs' home.:rotfl:
  • cells
    cells Posts: 5,246 Forumite
    stokesley wrote: »
    That's what I'd tell him I was going to do.

    Then I'd leave it to the local dogs' home.:rotfl:


    fortuneitly most parents want to do good for their children
  • Mojisola
    Mojisola Posts: 35,571 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    cells wrote: »
    fortuneitly most parents want to do good for their children

    And most children want the best for their parents but this young man doesn't seem to care about his mother.
  • stokesley
    stokesley Posts: 219 Forumite
    Tenth Anniversary
    cells wrote: »
    fortuneitly most parents want to do good for their children

    Have you actually read the thread?:eek:
  • tlc678910
    tlc678910 Posts: 983 Forumite
    Part of the Furniture 500 Posts Combo Breaker
    Hi OP, if your daughter in law and her family are keen on this idea perhaps suggest that her parents give up their home instead.

    They obviously feel its no bid deal giving up your home and starting again at this stage of your life so perhaps they could step up to the challenge. They can just start again like they are expecting you to do and with her dad a builder he would already be one step ahead.

    Tell them to go and pester her parents for a house because you have had enough!
  • Sadly you will not be rehoused by the council as all their stock has been sold to greedy relatives looking to make a fast buck.

    Your son needs to get lost, to put it politely.

    What a !!!!!!!.
  • dizzybee wrote: »
    Just looking for some advice please my son and his girlfriend soon to be wife are desperate to buy a forever home,they have asked if they would be able to buy the council house that we are living in, i have been here for 17 years and after looking at the council web site my son could buy it for £60000 after discount,but my main concern his where do i go, there answer to this is stay with them and after two years i could go back on the council waiting list.
    If my son moved out i would after to move to a smaller property because this house would be to big and the bedroom tax.
    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.
    Which is it ?
    Hi, we’ve decided to remove your signature.
  • hign10pines
    hign10pines Posts: 380 Forumite
    Mojisola wrote: »
    As long as he isn't also a tenant, I'd do this as well.

    Seeing as they have been there 17 years I can't see him being a tenant but the son of one as he must have been a child when they moved in. Saying that he has probably gotten his name on the tenancy someway by now.
    Student nurse 2018 to 2020
    Debt: DMP (with Payplan) £8194 - 6.6 years left
  • barbiedoll
    barbiedoll Posts: 5,328 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    If DIL's dad is a builder, then they can find a cheap place that needs renovating, and make their grand plans from there. Trying to turf OP and her daughter out, just to make a fast buck is disgusting behaviour, especially when you consider that his sister has special needs. His gf sounds like a piece of work too, personally, I'd turf the pair of them out with a flea in their ear, telling them to finance their home-owning dream with their own cash, not at the expense of OP.

    What a cheek! :mad:
    "I may be many things but not being indiscreet isn't one of them"
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