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Right to Buy and Help to Buy

mxscbi
mxscbi Posts: 18 Forumite
in House buying, renting & selling
I am currently in the process of being put on my parents tenancy, after 3-5 years I understand I will be eligible for a 35% discount on the house if I were to buy, now would i be able to open a Help to Buy savings account now and after 5 years claim the free £3000 to go towards buying the house with the 35% discount? this seems like too good of a deal to be true.
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Comments

  • Pixie5740
    Pixie5740 Posts: 14,515 Forumite
    10,000 Posts Eighth Anniversary Name Dropper Photogenic
    Yes you can combine HTB ISA with RTB.
  • Bob_Bank_Spanker_2
    Bob_Bank_Spanker_2 Posts: 183 Forumite
    Yep, we are in the ridiculous position that the state will literally give away its most valuable assets rather than keep them for future generations. I think it's the only way the blue party think they can get working class votes. But yes, you can.
  • sparky130a
    sparky130a Posts: 660 Forumite
    Pixie5740 wrote: »
    Yes you can combine HTB ISA with RTB.

    Quite unreal......
  • mxscbi
    mxscbi Posts: 18 Forumite
    Why is everyone so mad? oh because this wasn't around when you were buying your house and you feel bitter for those that use it? anyway thanks for the answer, I have no use for this forum now.
  • Bob_Bank_Spanker_2
    Bob_Bank_Spanker_2 Posts: 183 Forumite
    mxscbi wrote: »
    Why is everyone so mad? oh because this wasn't around when you were buying your house and you feel bitter for those that use it? anyway thanks for the answer, I have no use for this forum now.

    This has been around for well over 30 years, so it isn't that. It's probably more that people pay tax on the assumption that it goes to help the worst off in society, not to help inflate a property bubble and deprive the most vulnerable of a roof over their heads.
  • sparky130a
    sparky130a Posts: 660 Forumite
    mxscbi wrote: »
    Why is everyone so mad? oh because this wasn't around when you were buying your house and you feel bitter for those that use it? anyway thanks for the answer, I have no use for this forum now.

    That's right. Bye.
  • gycraig_2
    gycraig_2 Posts: 533 Forumite
    edited 29 January 2017 at 6:21PM
    mxscbi wrote: »
    Why is everyone so mad? oh because this wasn't around when you were buying your house and you feel bitter for those that use it? anyway thanks for the answer, I have no use for this forum now.

    Probably more to do with the fact it's a crap scheme that is being royally exploited and stops councils building new houses.

    What happens to your parents when you buy btw ? Surely if it's a joint tenancy they wouldn't be able to move into a council flat again ?
  • sparky130a
    sparky130a Posts: 660 Forumite
    gycraig wrote: »
    Probably more to do with the fact it's a crap scheme that is being royally exploited and stops councils building new houses.

    What happens to your parents when you buy btw ? Surely if it's a joint tenancy they wouldn't be able to move into a council flat again ?

    Don't even bother. You'll get reported and then banned. In fact you probably already have been. Sigh.
  • Mojisola
    Mojisola Posts: 35,574 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    mxscbi wrote: »
    I am currently in the process of being put on my parents tenancy, after 3-5 years I understand I will be eligible for a 35% discount on the house if I were to buy

    Can just one tenant buy the house? Doesn't it have to be bought by all the named tenants?
  • McKneff
    McKneff Posts: 38,857 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Not sure, but I'm sure the permission of the other tenants would have to be given
    make the most of it, we are only here for the weekend.
    and we will never, ever return.
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