Right to buy help! Living with parents!

Sam1471

What do you think other people do? You make choices. Currently you've prioritised a "nice" car over your independence which is why you're 26 and still living with your mum and dad. Does your father even want to exercise his right to buy because the right is his not yours? Would you and your father be able to get a joint mortgage? If the answers to those questions are, "no," then this is all rather moot.

I have worked extremely hard for what little I have and as I can't get a significant mortgage I got a car what I always wanted. Working hard and having little to show for it makes you feel down so why not buy a car that I have always wanted...does it mean I have finance? No. Does it mean the car was expensive? No. The car I own is 15 years old and a dream car for me. Yeah its expensive on fuel etc but dont just assume Ive put my lifes savings into a car. But if i moved out then yean the running costs would cause me to sell it as I would struggle to get by living on my own

And my father supports the idea hence why I am trying to find out more about It...

Sam1471

Could you move out and buy somewhere that is your own?

I wouldnt get a good enough mortgage unfortunatly and renting would make things more difficult financially. Making it harder to save for a house in the future

Marvel1

Sam1471 wrote: »

I wouldnt get a good enough mortgage unfortunatly and renting would make things more difficult financially. Making it harder to save for a house in the future

Sorry I deleted the original post, as I can see it was already answered in terms of borrowing, then saw this, I should have refreshed page first.

Sam1471

Will the parents get housing benefit if their council home is bought from under them and they're made to move out by OP?!

I'd bloody hope it!!

I would hope so too...but just to be clear this is not my intent lol. I would expect them to live in their home for the rest of their lives and I wouldn't expect a penny off them.

I have a great relationship with my parents and they have always done right by me. I have great respect for them and would never take money from their pension

Sam1471

[QUOTESorry I deleted the original post, as I can see it was already answered in terms of borrowing, then saw this, I should have refreshed page first. [/QUOTE]

Haha no worries, thanks for the suggestion anyway

mrginge

When I was a youngster who didn't have all the stuff that I wanted, I got up off my backside and improved my earning potential instead of moaning about how nobody was giving me stuff for free. Now I can buy all sorts of crap that I really don't need at all.

I think it was about something called 'self-respect'.

How times have changed.

hazyjo

mrginge wrote: »

When I was a youngster who didn't have all the stuff that I wanted, I got up off my backside and improved my earning potential instead of moaning about how nobody was giving me stuff for free. Now I can buy all sorts of crap that I really don't need at all.

I think it was about something called 'self-respect'.

How times have changed.

Had to sit on my hands not to post something similar. My 21 year old nephew constantly complains that he can't afford to buy and is genuinely angry that his parents (my sis) haven't been saving money to give him a deposit (not that he earns enough to get much of a mortgage). Meanwhile, he spends hundreds on clothes, shoes and his car (he's had two new-ish cars in the last 4 years - one of which my mum bought him. Mine's an 06 reg!). He doesn't pay them a penny towards housekeeping.


I don't really get this 'entitlement' that some people seem to expect.


OP - improve your earning power - or buy with a future partner. I really can't see who can benefit from this other than you. I can't understand why you'd want to buy it, losing what I presume is a secure tenancy for your parents, if you say you don't want to sell it.


Jx

Sam1471

[QUOTEWhen I was a youngster who didn't have all the stuff that I wanted, I got up off my backside and improved my earning potential instead of moaning about how nobody was giving me stuff for free. Now I can buy all sorts of crap that I really don't need at all.

I think it was about something called 'self-respect'.

How times have changed. [/QUOTE]

I work hard and pay my way, I am working towards the next step up in my current employment. Im not looking for freebies. Im looking to buy my family home.

Good for you, you got the job/pay you needed. There are no guarantees and no matter what I do does not mean I will get the position I want. All I can do is continue working my !!!! off and do my best. Sorry if that isnt good enough for you.

'When I was a youngster'...I think you still need to mature, how about insted of hurling insults think about writing something constructive and of some relevance.

Maybe jump down off your high horse and maybe consider that people on a lesser income than yourself would also like to get on the property ladder

I did my A-levels, even got an A in business and have various other qualifications...has that guaranteed anything? No! I work damn hard and work varying shifts such as 4:00 - 14:00 or 12:00 - 22:00 including weekends. Not everyones life works out exactly how they plan.

hazyjo

Good to hear that - from your other posts, it wasn't evident. I think people are just failing to see that you're helping yourself. Thank you for clarifying - it will make a huge difference to how people interpret your post.


Hopefully you will be able to earn more in the future - it really is the only way unfortunately.

Sam1471

Had to sit on my hands not to post something similar. My 21 year old nephew constantly complains that he can't afford to buy and is genuinely angry that his parents (my sis) haven't been saving money to give him a deposit (not that he earns enough to get much of a mortgage). Meanwhile, he spends hundreds on clothes, shoes and his car (he's had two new-ish cars in the last 4 years - one of which my mum bought him. Mine's an 06 reg!). He doesn't pay them a penny towards housekeeping.


I don't really get this 'entitlement' that some people seem to expect.


OP - improve your earning power - or buy with a future partner. I really can't see who can benefit from this other than you. I can't understand why you'd want to buy it, losing what I presume is a secure tenancy for your parents, if you say you don't want to sell it.


Jx

Unlike your nephew I pay a significant amount to live here as I have no choice. And FYI my car is a 52 plate...as said before its a car I love and have always wanted...did it cost a fortune? No.

And If you read through my posts I would like the home to remain in the family...once my parents are gone, the council rent to new tennants and the home is gone.