House buying using right to buy

stephencfc89

Hi,

Was hoping for a bit of advice regarding the Right to Buy scheme. So long story short, Myself and my partner have lived with her Nan for just over a year. We are not on the tenancy but I believed we are seen as lodgers and it is our main (only) home. Her Nan has lived in her council house for about 50 years and has brought up her family there and has always said that should would love to keep the house in the family. Me and my partner would love to help her buy the house and then in future make it our family home as well as a home for her nan and provide care and security when it is required in the future.

I have looked on the right to buy website and it states that a tenant can buy with a family member, a spouse or civil partner. I presume that my partner would be fine as she is her granddaughter but I wondered where this left me? How far does the 'family' part run. As her granddaughter's partner am I seen as 'family'?

Any advice would be great.

Thanks

Steve

marliepanda

stephencfc89 wrote: »

Hi,

Was hoping for a bit of advice regarding the Right to Buy scheme. So long story short, Myself and my partner have lived with her Nan for just over a year. We are not on the tenancy but I believed we are seen as lodgers and it is our main (only) home. Her Nan has lived in her council house for about 50 years and has brought up her family there and has always said that should would love to keep the house in the family. Me and my partner would love to help her buy the house and then in future make it our family home as well as a home for her nan and provide care and security when it is required in the future.

I have looked on the right to buy website and it states that a tenant can buy with a family member, a spouse or civil partner. I presume that my partner would be fine as she is her granddaughter but I wondered where this left me? How far does the 'family' part run. As her granddaughter's partner am I seen as 'family'?

Any advice would be great.

Thanks

Steve

It would be an unusual mortgage with 3 people on, so more than likely it would be your partner and her nan on the mortgage. Can they raise enough money between them for that?

If Nan requires care in the future then the house will have to be sold to raise money for that. Is that something you are happy to do?

armchaireconomist

OK, so just to clarify:


1) you're illegally residing in the property, and should the council be made aware her monthly "rent" would substantially increase
2) you want to purchase the property at a heavily discounted rate at the expense of the tax payer that you've no right to have discounted
3) your partner's Nan would "love" to pass on the property she does not own


TL;DR - Buy your own house. I don't pay tax to subsidise your wish to own a home and subsequently deny the potential next tenant(s) of a council property they need.

stephencfc89

I have spoken to a mortgage adviser and is it not uncommon for there to be 3 names on the mortgage as long as there are 3 names on the deeds to the house. I'm more concerned about me being considered as family and being about to be on the deeds to the house.
Regarding the care, we would look to care for her when/if needed. If we are unable to we would pay for additional care to her within the home or in a private care home if needed.

stephencfc89

armchaireconomist wrote: »

OK, so just to clarify:


1) you're illegally residing in the property, and should the council be made aware her monthly "rent" would substantially increase
2) you want to purchase the property at a heavily discounted rate at the expense of the tax payer that you've no right to have discounted
3) your partner's Nan would "love" to pass on the property she does not own


TL;DR - Buy your own house. I don't pay tax to subsidise your wish to own a home and subsequently deny the potential next tenant(s) of a council property they need.

OK just to clarify,

1) We legally live in the house and due to this the housing support has stopped and I now pay full rent. Therefore releiving the tax payers.
2) The tennant does have the right to excercise their right to buy after living in the property and paying full rent for majority of her tenancy.
3) Did I say 'Pass On'. I said she would love to keep the 'home' in the family as majority of the family has memories there.

I would happily waiver the discount and pay full price to buy the house. Please reply to my question and not have a rant just because you have nothing better to do on your Monday.

marliepanda

stephencfc89 wrote: »

OK just to clarify,

1) We legally live in the house and due to this the housing support has stopped and I now pay full rent. Therefore releiving the tax payers.
2) The tennant does have the right to excercise their right to buy after living in the property and paying full rent for majority of her tenancy.
3) Did I say 'Pass On'. I said she would love to keep the 'home' in the family as majority of the family has memories there.

I would happily waiver the discount and pay full price to buy the house. Please reply to my question and not have a rant just because you have nothing better to do on your Monday.

So you no longer get housing support so I assume you are on a fairly low income.

Do you earn enough money to get a mortgage?

stephencfc89

marliepanda wrote: »

So you no longer get housing support so I assume you are on a fairly low income.

Do you earn enough money to get a mortgage?

Sorry I think you misunderstood. The tenant previously received housing support to help pay the rent but since we have moved in there is now to much money coming into the house so the rent is now full price. I personally have never been on housing support or anything similar.

Pixie5740

There doesn't appear to be anything online which specifies who counts as family for a RTB application. Why don't you phone the RTB helpline and ask? 0300 123 0913 - get it from the horse's mouth.

stephencfc89

Pixie5740 wrote: »

There doesn't appear to be anything online which specifies who counts as family for a RTB application. Why don't you phone the RTB helpline and ask? 0300 123 0913 - get it from the horse's mouth.

Thank you for your reply Pixie. Yes I think thats what I will do. Just thought I would put a message on here to see if anyone knew. I have spoken to the council a couple of times and have been told different things from different people so that wasn't very clear. Calling RTB was my next option so thank you for sending over the number.

Cakeguts

Just remember that if you buy this house your nan becomes less secure than if she continues to rent it from the council. She needs to be fully aware of this since it is her secure tenancy that she would have to give up. If she rents from the council and you lose your job she will get housing benefit to cover the rent. If you buy the house and you lose your job and are unable to pay the mortgage she could lose her home. There are no benefits that will pay a mortgage.

She needs to know that if this all goes wrong and she becomes homeless she could finish up living in one room in a house full of strangers. The risk is all hers. Not yours as you do not have a secure tenancy.

The kindest thing to do for her is to not buy the house because that way there is no chance that she will ever be homeless as she can live in that house for life.

She is more secure as a tenant than a part owner so don't even contemplate that you are doing this to help her. It doesn't help her at all it puts her housing at risk. It puts her at risk of being homeless.

Your nan needs to get independent advice from somewhere like CAB about her options and risks.

Silvertabby

stephencfc89 wrote: »

I have spoken to a mortgage adviser and is it not uncommon for there to be 3 names on the mortgage as long as there are 3 names on the deeds to the house. I'm more concerned about me being considered as family and being about to be on the deeds to the house.
Regarding the care, we would look to care for her when/if needed. If we are unable to we would pay for additional care to her within the home or in a private care home if needed.

Umm - you do realise that private care homes charge something like £800 to £1000 per week?