Buying my family council house - help

ambitiouspanda

Thank you all for bringing me back to my senses.

margaretclare

ambitiouspanda wrote: »

Thank you all for bringing me back to my senses.

Don't mention it already.

Norman_Castle

theartfullodger wrote: »

Thought RTB was there as a bribe to buy votes.... and cripple council housing finances: Thatcher passed legislation meaning proceeds of sales could not be used towards new council housing.

The legislation insisted proceeds were used to pay off current house building debt rather than fund new building. This would reduce the numbers of homes being built rather than "cripple council house financing".

Council housing departments are asset rich but governments don't want them to extend their debts which is why they insist on proceeds repaying debt and restrict further borrowing.

The legislation has been in place through subsequent governments and none have changed it.

diggingdude

Please don't do this, and please if anyone in political power sees this stop selling council houses cheaply to people

observations_from_a_hill

Just to reinforce OP's wise decision not to proceed

legalbeagles.info/forums/forum/wills-probate-and-bereavement/95796-probate-house-tenants-in-common

Don't know how to do a proper link, so perhaps some kind person will "translate" - I've been waiting nearly a year to share this here!

marliepanda

(Link didn!!!8217;t work)

observations_from_a_hill

Sorry, looks like I missed out a chunk. Trying again:

legalbeagles.info/forums/forum/legal-forums/wills-probate-and-bereavement/95796-probate-house-tenants-in-common

Hope that's right, the tale is well worth reading.

Norman_Castle

http://legalbeagles.info/forums/forum/legal-forums/wills-probate-and-bereavement/95796-probate-house-tenants-in-common


Its not the most exiting thing I've read recently.

marliepanda

It reads more as someone desperately trying to get all of their mothers house for 50% if the cost and throwing everything at the wall and hoping something sticks. The person comes across as greedy and naive.

dunroving

I think the whole RTB scheme exposes a lot of the dysfunctionality of the UK housing scheme.

Putting aside the cynical idea that the purpose of RTB is to turn Labour voters into Tory voters (so, why did successive non-Conservative parties continue the scheme, in EW and Scotland?) ...

It's not a "right to inherit" programme, first of all. That's most pertinent to the motivations in this thread and another recent thread about not wanting to lose the family home, or some similar expression.

Paying rent is not the same as paying mortgage, so no, living as a Council tenant for 20 years doesn't mean you effectively paid for the house, any more than a private sector tenant, in fact the latter is likely to have paid far more in rent over a similar period.

Council tenants enjoy free maintenance (hedge-trimming, roof replacement, boiler replacement, solar panel fitting, etc.), often at a frequency that home "owners" (the bank actually owns most houses) envy and can't afford to do themselves - or have to literally do themselves.

Threads like this really annoy me. I grew up in a single-family council flat in the 1970s, 30 floors up (not dissimilar to Grenfell, etc.) and would never have dreamed to think I have any right to own the flat I grew up in. I already benefitted from subsidised housing whereas in another era, I'd probably have ended up in the poor house or in some squalid tenement. I've since raised myself up by the bootstraps and it ticks me off that my neighbour has a perfectly well-paid job, but paid only £30k for the same sort of house I paid £180k for, and he runs two lovely new cars (I always buy used), etc. Just because his parents rented the house as Council tenants. Bonkers social logic.