Renting out RTB home

ViolaLass

You're going to have the stress of a child soon. The last thing I would want to add to that is the stress of managing a tenancy and moving house etc. Newborns need very little space. Even toddlers don't need much. Put the move off until it's really needed. That might get you to the end of the 5 year period and give you more options.

teddysmum

I know of a couple who manage to share their council house bedroom with their 3 year old daughter, as the two sons need the other room (one too old to share with a sister).

Bluebirdman_of_Alcathays

marksoton wrote: »

I'm not going to argue with you. I respect you as a poster.

But nor will i ignore such matters on an open forum.

And FTR no i wouldn't. The whole concept disgusts me.

Apologies - I didn't mean to come across as boorish. My job requires me to find the best result for my clients and apply the letter, not the spirit, of the law. I accept totally that RTB stinks, but I don't blame people for taking advantage.

BR BBM :beer:

gettingtheresometime

Bluebirdman_of_Alcathays wrote: »

I accept totally that RTB stinks, but I don't blame people for taking advantage.

BR BBM :beer:

And that's why until RTB is got rid of, not extended, the housing crisis will continue.

leveller2911

gettingtheresometime wrote: »

And that's why until RTB is got rid of, not extended, the housing crisis will continue.

Every Council/HA tenant pre 201? has a tenancy for life so how would the housing crisis be made any worse if they were allowed to buy their homes?...........They can just carry on renting till the day they die so each of those houses is tied up for decades to come so they actually make no difference to the housing shortage.

Just to add you won't find anyone more anti RTB than me but the facts are we just don't build enough houses and they are too expensive for many people to buy.

Unless the Govt goes on a massive housebuilding programme the prices will not fall enough to make them affordable for millions of families.

lincroft1710

leveller2911 wrote: »

Every Council/HA tenant pre 201? has a tenancy for life so how would the housing crisis be made any worse if they were allowed to buy their homes?...........They can just carry on renting till the day they die so each of those houses is tied up for decades to come so they actually make no difference to the housing shortage.

Just to add you won't find anyone more anti RTB than me but the facts are we just don't build enough houses and they are too expensive for many people to buy.

Unless the Govt goes on a massive housebuilding programme the prices will not fall enough to make them affordable for millions of families.

But isn't the anti RTB thinking is that if you can afford to buy, you should buy another property and release yours back into the social housing stock.

silvercar

lincroft1710 wrote: »

But isn't the anti RTB thinking is that if you can afford to buy, you should buy another property and release yours back into the social housing stock.

There will be loads of people who can afford to buy their RTB home but couldn't afford to buy elsewhere, because (a) they are getting a discount (b) the discount can act as the deposit (c) the property may well be cheaper than others because it is ex-LA property.

leveller2911

lincroft1710 wrote: »

But isn't the anti RTB thinking is that if you can afford to buy, you should buy another property and release yours back into the social housing stock.

I don't have a problem selling off the older housing stock for full market value because in many instances they need £10,000s to modernise them with new roofs,kitchens,bathrooms,heating,windows,doors etc so. The problem with RTB was always the discounts and also the fact that local authorities weren't allowed to use the proceeds to build new Social housing.

Many tenants couldn't afford to buy a house on the openmarket and rely on the discount to make it affordable.I'm not defending the scheme but the reality is if there wasn't a RTB scehem the housing shortage wouldn't be any less and as I say in the older properties it would cost £10,000s to modernise them, money that could be used to build more homes.

Is the RTB scheme much worse than the HTB schemes where the taxpayer stumps up interest free loans for 5yrs or so and then a very low interest rate after that?. Bear in mind that govt HTB schemes have helped keep house prices inflated which in turn has kept them unafordable for millions of families.

Its a vicious circle and a very bad pyramid scheme imo.

Person_one

leveller2911 wrote: »

Every Council/HA tenant pre 201? has a tenancy for life so how would the housing crisis be made any worse if they were allowed to buy their homes?

People who buy their council houses then rent them out privately are taking what was an affordable home out of 'circulation' forever.

Even with a lifelong tenancy, people sometimes move on if they wish to or their circumstances change, and if they don't then they die or go into care in time and the house goes to somebody else.

mickey54

gettingtheresometime wrote: »

And that's why until RTB is got rid of, not extended, the housing crisis will continue.

RTB has been abolished in Scotland.