Advice on Right to buy mortgage.

mummysboy12354

Question

Looking to do Right To Buy with mother as it's her property, Do we both have to do the Mortgage finance ? or can I do it alone ? as technically i'm buying it but because its her tenancy she has to be on the paper I have been told.

Edi81

Oh dear!! Someone else can respond to this!

kingstreet

mummysboy12354 wrote: »

Question

Looking to do Right To Buy with mother as it's her property, Do we both have to do the Mortgage finance ? or can I do it alone ? as technically i'm buying it but because its her tenancy she has to be on the paper I have been told.

Are you able to be a party to the purchase, having lived in the property for twelve months or longer?

If so, you can buy jointly.

Then, you will need a joint mortgage.

[Deleted User]

You need to check this with the housing authority as they will have different rules as to who will own it if the purchaser(s) are not residents

We are purchasing ours with one name even though the right to buy offer was made with two names because I havent been in my job long enough to be eligible to go on the mortgage for another six months so the property will be in my husbands name

Caz3121

kingstreet wrote: »

Are you able to be a party to the purchase, having lived in the property for twelve months or longer?

If so, you can buy jointly.

Then, you will need a joint mortgage.

Previous post says has been living there for 12 months but has their own tenancy elsewhere
https://forums.moneysavingexpert.com/discussion/5784030