Complicated lease to buy possible?

Rodang26

Hi, I am new to this forum but I am in desperate need of some advice. I currently live in a property which we bought with a mortgage about 9 years ago at the peak of the housing market. It was a bit of a rough area but there was a lot going on and the area was definitely on the up and we were going to do the house up and move on as the house was in a state of disrepair and it's all we could afford at the time. Since then the area has has really went downhill due to the rise of private landlords, we have recently had a very very bad murder happen just outside and drugs has just become rife. It really is terrifying to leave the house with two very small children I am desperate to leave. Me and my husband have a very successful business in a very nice area in another town where we are part of a community that would be fantastic to bring up our children. We have looked at renting but the area is a prime student area with a normal house being 4 times at least what it's worth to rent or buy. But where we work the locales are sick of the students taking all the housing and are desperate for family's to move into. And this where I need the advice one of the local residents has sadly passed away and left the house to charity as they have no family and have insisted that the house be bought by a family. All the local residents who are the executors to the will are ver keen on us to buy and move into the property but as its student town it's extremely expensive way above normal family price. Is there any way we could rent to buy the property? With the charities agreeing to a lower price with the previous owners wishes. Also if we lived closer to our business we could make more money, longer opening hours etc... But is there anyway we could convince the charities this is a good option? If we could rent for three years we would be able to make more money and the rent could be used as a down payment but we could never afford the price a student landlord would pay but with the last owners wishes is this something that is possible.

Please let me know your thoughts.

eddddy

Is the charity a housing charity or similar, that does rent-to-buy schemes?

If it's not, I doubt they would want to get involved in setting up something like that. I suspect they would just want to get the place sold to the highest offer asap.

(And I wonder what would stop somebody saying "I want to buy this house for my family to live in", but then renting it out to students - or selling it to someone else to rent out to students. Perhaps the charity is planning to create some kind of covenants.)