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Discount for buying Council House

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Comments

  • teddysmum
    teddysmum Posts: 9,529 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Right, so it's the responsibility of the council. Where do you suppose the councils get the money to build new homes? Especially when they are selling them at significant discounts.

    How do they pay for all the costs that building new homes entails? Remember, any new build home also has the RTB so the council are effectively building them at full cost to sell at a discounted amount.



    Some thirty years ago, our council bought a number of houses on our private estate (The seller of the house opposite my dad's, needed to move quickly, so sold cheaply) and all the ones I know about were bought by the new residents.
    This must have been really annoying for neighbours, who would be paying full price for their ten-year-old house, at a time of high mortgage rates.
  • glasgowdan
    glasgowdan Posts: 2,968 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Sadly I think some admin may step in here and delete all the honest replies. Apparently we've got to be "nice", not honest!
  • Ygritte
    Ygritte Posts: 116 Forumite
    Part of the Furniture 10 Posts Name Dropper Combo Breaker
    I believe accumulated years have to be consecutive 👍
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