Looking for a Right To Buy Mortgage with Mum - She is the tenant and 67

Mrs_Flax

No problem Red Squirrel - I love my Mum to bits and if she needed me in her old age I'd look after her. I'm not planning on a second mortgage - this will be her and my family home forever and I'll live with her until she dies there and if I had to give up my job to look after her and put all my savings into converting her home for her just how she wanted it then I would. I genuinely hope you have a child that would do then same as me and my Mum have an unbreakable bond.

Red-Squirrel_2

Mrs_Flax wrote: »

this will be her and my family home forever and I'll live with her until she dies there and if I had to give up my job to look after her and put all my savings into converting her home for her

Ok, that's lovely, but then how would you be paying the mortgage or for roof repairs or a new boiler?

Mrs_Flax

You are very nosey aren't you Red Quirrel? I can pay for that because I earn a lot of money and I have a great job. As I said, I'm very lucky. I could buy a house without the RTB but I'm going to take advantage of it. I hope that really grinds your gears! Ha ha ha!

Red-Squirrel_2

Mrs_Flax wrote: »

You are very nosey aren't you Red Quirrel? I can pay for that because I earn a lot of money and I have a great job. As I said, I'm very lucky. I could buy a house without the RTB but I'm going to take advantage of it. I hope that really grinds your gears! Ha ha ha!

I just want you to think really carefully before you take a huge risk with your mum's future and wellbeing.

If you think that's so terrible of me, maybe ask yourself why?

parkrunner

Mrs_Flax wrote: »

That's not what I'm asking - I would rather pay for my Mum than have the tax payer pay for her. She has looked after me as a child and I want to return that favour in later life for her. I'd rather put my money into this for my Mum's security than buy another house for myself elsewhere and then have no extra money to look after my Mum in her later life. She would be financially better off and have more security. I don't understand why people are being so negative. I'd be doing a good thing and investing in both our futures?

Your mum already has security for life, by purchasing the property that security is at risk, how can you possibly not see that? The only person to gain from this is you and your post no 28 confirms that 100%, I feel for your mother, I really do.

Red-Squirrel_2

SaintMark10 wrote: »

Oh just don't bite.

It's just a typical RTB wind up thread....

I hope so, but if its not there's a real 67 year old woman about to put herself in a really precarious position. It does happen after all.

I live in hope that one, just one, of the adult children who comes on here asking about RTB for their parents' homes actually reads the advice and thinks twice.

MrsNubs

if I had to give up my job to look after her

I can pay for that because I earn a lot of money and I have a great job

You've completely missed Red-Squirrel's point. If you give up your job to care for your mum, how will you pay your mortgage and maintenance costs? Once you've no longer got your "great job" you may struggle to maintain a home.

gycraig_2

If you earn so much money why not just go see a broker ?.

Its a big decision deciding to house your mum for 30 years probably not one id make to save 50k on a house.

fairy_lights

Mrs_Flax wrote: »

I'm not planning on a second mortgage - this will be her and my family home forever and I'll live with her until she dies there

And then afterwards too, bates motel style?

Mrs_Flax

My gosh - you guys really don't think that there might be a Daughter out there with a true bond with her Mum do you? You think everything is about money and what people can get for free? Take a look in the mirror guys. I'm guessing that a lot of you struggle with relationships. Maybe a few failed marriages between you all and a few children that don't like you? This shall be my last post on this thread. I am so happy with my life, my job, my lovely Mum and who I am as a person. Thank you to everyone who has genuinely given me advice today on my question and I hope that all the nosey, hating trolls with personal issues are happy within themselves one day. Have a good day everyone. TTFN.