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

FBaby

I could buy a house without the RTB but I'm going to take advantage of it.

That's the only honest thing you've posted here. All that thing about protecting your mother might be true, and no doubt you care very much for her, but the truth is that you want to buy the house as an investment for you.

People like you get on posters' nerves because of your attitude which stinks of entitlement. Somehow, you seem to be treating the house as if you already own it. You don't own it and the RTB scheme was never intended for people like you who earn a good wage. Why should it be? Your family have been able to have a home at a reduce rental price for years, yet you seem to think that you are entitled to now own it at the cost of the tax payers who are the one who will fund the discount.

Your argument, and rightly so, will be that the system is entitling you to do, so why not take advantage of it. That's an argument that can't be refuted, and indeed, the issue then is with the system, however, at least show some humility by accepting that taking advantage of the system is what you are doing rather trying to convince everyone, pointlessly, that you should be entitled to that right.

Marvel1

Mrs_Flax wrote: »

Oh that side is sorted - my dad dies five years ago and she's really upset at the idea of the house going back to the council if she passed away. She was the one that suggested it. I just need to know if it's possible to get a mortgage with these circumstances? I think Mum would be more upset then me if it wasn't possible.

She is upset the house would go back to someone who needs it like she did many years ago?

seven-day-weekend

The OP's mother has a RIGHT to buy, whether people on here think she shouldn't have is irrelevant. You will note that no successive Government after Thatcher has taken away that right. It is unkind to lay into the OP because her mum wants to exercise her RIGHT to buy their house.

However, if the OP wants to take the mortgage out, the mum will still have to be on it and the term will be limited to when the older person is 75.

OP, I really think your best bet is to go to a mortgage broker.

silvercar

cjdavies wrote: »

She is upset the house would go back to someone who needs it like she did many years ago?

More likely she has seen other people her age who have bought, benefited by house price inflation and low interest rates, in a position to pass their homes onto their children.

csgohan4

https://forums.moneysavingexpert.com/discussion/5670536


A recent thread on the costs of buying a council house. you have been warned op

gettingtheresometime

seven-day-weekend wrote: »

The OP's mother has a RIGHT to buy, whether people on here think she shouldn't have is irrelevant. You will note that no successive Government after Thatcher has taken away that right. It is unkind to lay into the OP because her mum wants to exercise her RIGHT to buy their house.

However, if the OP wants to take the mortgage out, the mum will still have to be on it and the term will be limited to when the older person is 75.

OP, I really think your best bet is to go to a mortgage broker.

I don't like Nicola Sturgeon one bit but would happily canvass for the SNP (if I could) simply because there is no RTB in Scotland.


The trouble with our politicians is that there is no joined up thinking. It's all very well banging on about building more social housing but if all you're doing is building houses so you can then sell them off on the cheap then what's the point?


RTB has to end, in my view, before we can even embark on a programme of social housing building otherwise we're not solving the problem at all

itchyfeet123

It's all very well banging on about building more social housing but if all you're doing is building houses so you can then sell them off on the cheap then what's the point?

Timely comment. Council homes are being sold on average three times as fast as they can be replaced, with some areas up to 20 times.

pimento

Red-Squirrel wrote: »

.. What if you went under a bus the day after completion? It does happen you know!

Presumably, the OPs life insurance would clear the mortgage.

OP, you'll get no help here. This forum is almost 100% anti right to buy. I think the consensus here is that if you're in social housing you should stay in social housing. Don't want you getting above your station, especially if they perceive you as getting something for nothing.

Mojisola

pimento wrote: »

OP, you'll get no help here. This forum is almost 100% anti right to buy.

I think the consensus here is that if you're in social housing you should stay in social housing. Don't want you getting above your station, especially if they perceive you as getting something for nothing.

I think the consensus here is that an older person with a secured tenancy is in a very fortunate position and that isn't something that should be given up lightly.

seven-day-weekend

gettingtheresometime wrote: »

I don't like Nicola Sturgeon one bit but would happily canvass for the SNP (if I could) simply because there is no RTB in Scotland.


The trouble with our politicians is that there is no joined up thinking. It's all very well banging on about building more social housing but if all you're doing is building houses so you can then sell them off on the cheap then what's the point?


RTB has to end, in my view, before we can even embark on a programme of social housing building otherwise we're not solving the problem at all

But whatever your views on Right to Buy, at the moment the OP's mum has that right. They are doing nothing wrong in exercising that right. Therefore there is no need for them to be laid into in the way they have been on this discussion.

By all means campaign to have RtB repealed, if that is what you wish.