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Right-to-buy poor credit

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Comments

  • katebl
    katebl Posts: 637 Forumite
    Cakeguts wrote: »
    If you have tenants in your RTB flat where are you going to live? Rent somewhere else?

    Presumably under a bridge...
  • HampshireH
    HampshireH Posts: 4,973 Forumite
    Eighth Anniversary 1,000 Posts Name Dropper
    Have you checked you have a right to buy?.

    You say you have a 5 year contract. Therefore this implies fixed term. Usually a right to aquire may apply in this case which is often a lower discount the a secure tenancys preserved rtb.

    What discount have the council confirmed you would receive.. 50% ?
  • Marvel1
    Marvel1 Posts: 7,447 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Curious18 wrote: »
    Thank you all so much for your replies.


    Yes it was for this reason I wanted to buy it. To profit from the RTB. I am on a 5 year contract and even though I have never had any issues. It is quite possible for them to bring in new social housing income thresholds. I am currently on 30k. Yes, I am aware of the ridiculous service charge and repair charges the leaseholders have to pay but I would be able to take that out of whatever I make from having tenants.

    My advice is to go for it, I wish you all the luck.
  • Norman_Castle
    Norman_Castle Posts: 11,871 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    Curious18 wrote: »


    Yes it was for this reason I wanted to buy it. To profit from the RTB.........I would be able to take that out of whatever I make from having tenants.
    Its our regular rtb troll. Don't waste your time.
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