Help with right to buy mortgage

Icikle

But just out of interest, what is people's problem with RTB? Is that you never got to benefit from it? Or is it that the government aren't build enough council homes? If the former, you're experiencing envy. If it's the latter, you're conflating the problem of the government not building homes with the right to being able to buy. They aren't the same.

Icikle

xylophone wrote: »

If it were simply a case of allowing your mother to stop work, then you could pay the rent and the objective would still be achieved?

In any event, if your mother left work to care full time for your father, and they were on a low income, would your parents not be entitled to housing benefit, CT benefit, Carers' Allowance etc?

And presumably your father might well be entitled to other benefits in view of his disability?

However, your mother /you have the right to claim the RTB discount which is fair enough and you propose taking on the mortgage to do so.

The HA have advised the amount of the discount ( which is generous) - thank your lucky stars?

Incidentally, do you intend to remain with your parents?

If you ever wish to move out and buy a property of your own there could be CGT considerations/ mortgage considerations etc.

In the short term, if my parents remained financially responsible, it makes sense to pay rent. However if I'm taking over this expense, in the long term is makes more sense to buy than to rent. I'm also unsure they would get housing benefit with a live in full time earning family member. Why is it you're so keen for me to claim benefits at cost to the exchequer than buy a home?

DPDRC90

You'll never 'win' on a RTB thread OP.

If I was you; buy the property, be grateful for the discount you've been offered and forget about the cost floor saga.

xylophone

My dad has never been named on the tenancy sonic anything happened to my man we likely would be evicted i

I would be very surprised if a Parkinson's sufferer would be evicted.

Anyway, as you yourself would still be named on the tenancy and would be caring for a seriously ill elderly parent, the tenancy would continue?

Had you moved out and your parent could not cope, then the council would either have had to assist with providing carers/ a more suitable property/both?

You have been offered a generous discount - it appears that the HA can legally set the level of that discount (even if indirectly) - go for it if you want to and have carefully considered all ramifications of your decision?

NYM

It's not bitterness at you necessarily, it's the whole principal of the RTB scheme depriving others of having a chance of having a secure tenancy rather than having to be dependent on the vagaries of the private sector.

xylophone

It's not bitterness at you necessarily, it's the whole principal of the RTB scheme depriving others of having a chance of having a secure tenancy rather than having to be dependent on the vagaries of the private sector.

In this particular case it seems less about the principle of RTB and more about the fact that the OP does not see that a discount of 40% is "jam on it" - he'd like cream as well!

With regard to RTB, it does seem to me a flawed policy - however, it is a legal option and if people choose to take advantage of it then it is their legal right to do so, and attacking anybody for exercising his legal right seems to me to be unjust.

The OP and his mother have the right to buy - fine.

But cavilling at not having the right to buy at an even higher discount and then implying that this is unfair on his mother ...... pull the other one, it's got bells on?

Icikle

xylophone wrote: »

I thought it was all about a perceived unfairness to your mother?

this has never been about anything other than wanting a figure substantiated. I don't even think they're lying, I just want to know what work they've done and when. They obviously have this or they wouldn't be able to come up with a figure.

I want my mother to get what she is legally entitled to, nothing more and nothing less. I also won't hide behind the fact I may financially gain in the long run, then again, I may not. She's getting all of the equity, ultimately she may decide to leave the house to all of her kids. But I've lived under her roof for many years and now it's time to take over the costs at a time when she can't. It's illogical to pay rent when I can buy the home. Realistically, they should have done this themselves years ago. Direct your crying to the government.

Huge misrepresentation of what my point actually is has been rife all throughout this thread. I write: they should break this figure down and you read: not grateful

FBaby

But just out of interest, what is people's problem with RTB?

The problem with it is that it is not used by some people for what it was intended for, but used by their children to get a nicely maintained home on the cheap regardless of their income.

It isn't your problem that such policy still exists that means that you can benefit from it, it is your problem that you still think it isn't good enough and still want more, hence the responses.

Marvel1

Icikle wrote: »

But just out of interest, what is people's problem with RTB?

I beleive these houses should be left alone to the people who need them in the first place, just like your Mum did years ago. Not bought at a discount by the "children" to gain a profit.

Also having a secure tenancy, without the worry of eviction or some bad landlords we often read here.

System

We live in broken Britain. I have never understood the RTB scheme......

If we were in his shoes, we would take advantage of it as well. Could say we are jealous.