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

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Comments

  • DavidF
    DavidF Posts: 498 Forumite
    First Post First Anniversary Combo Breaker
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    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.
    Apart from up in Scotland the SNP have abolished the right to buy. Quite popular up here the thought that social housing should be available to all.
  • Marvel1
    Marvel1 Posts: 7,175 Forumite
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    edited 28 June 2017 at 1:34PM
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    pimento wrote: »
    Presumably, the OPs life insurance would clear the mortgage.

    It would, but what about boiler breakdown, new roof?
    pimento wrote: »
    I think the consensus here is that if you're in social housing you should stay in social housing.

    :rotfl:

    So wrong it's funny, if you want to buy then there plenty for sale by existing homeowners and this is not for OP's Mum it's the OP who wants it as it always is when we see these posts.

    Also the Mother is very secure right now.
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