House buying using right to buy

financegeek

I don't think this is being thought about with the best interests of your girlfriends nan in mind.

what happens if you all buy together then you and your girlfriend split up? are you going to kick them both out of the property to get your share of the equity?

if you don't kick them out and you settle down with someone else, will you want to pay the additional 3% stamp duty that second home owners have to pay?

What if the nan needs care? how will you afford that without selling the property? or would you expect her to go into an NHS funded care home because you don't want to sell your property?

memories are just that, memories. it's sad to let a family home go, but the nan is better off as a secure tenant than an owner occupier. let her live there as a private tenant for as long as she can and purchase your own property to make memories in. a much safer and less complex option for all involved.

da_rule

Section 186 of the Housing Act 1985 defines what a family member is.
https://www.legislation.gov.uk/ukpga/1985/68/section/186

I don't think you would be able to though, as your partners nan is the person sharing her right to buy, therefore she can only share it with a spouse/civil partner (or someone she lives with as husband and wife/civil partners) as per section 186(1)(a) or one of the relations listed in section 186(1)(b) of which grandchild is listed.

As you don't have a relationship with the tenant you will probably not be entitled to share the right to buy.

SnooksNJ

I noticed the only posts on here about buying family homes for the sentimental memories are from children/grandchildren/partners of relatives/ 2nd cousin's twice removed of council tenants.


Someone should do a study on the genetic markers of the aforementioned family members as to why they are more sentimental when it comes to house memories.

armchaireconomist

The "tenant" may have the right to buy it, but you do not. Even at full price as you claim you're prepared to pay.

Cheeky_Monkey

OP - you are not a family member of the tenant, you are just her granddaughter's boyfriend.

I would also be surprised if your girlfriend and her nan, who must be around 70 years old at least, could get a mortgage with a long enough term due to her age.