Any advice on buying my council house

Silversmith67

Hello Diane here
First post ever (waving)
Been in my council property 33 years
Me and hubby pay full rent 400 a month
We live in le11 area
We have maintained our property been good tenets as the council had no money for a few years we put in a new kitchen and bathroom .
And we have a disabled daughter now age 29 . We needed a wash wet room council had no money so we put in for a pot of money called the disabled facility grant and we put a few hundred to it back in 1990 .
First question would I get much off terrified of owing big mortgage.
Second because we have an adapted wet room can they refuse to sell it to us .
And lastly has anyone bought there's are you glad you did ?
Personally I am getting older and me and hubby both feelnbuying it would mean our daughter will never be on the street .
Any mortgage advice welcome
Blessed be
Diane

sevenhills

I would guess that you would get the "The maximum discount is £80,900 across England".


Click on the link and enter your details.


https://righttobuy.gov.uk/right-to-buy-calculator/

Tom99

[FONT=Verdana, sans-serif]A discount of 63% max £80,900 sounds a good deal and worth doing.[/FONT]
[FONT=Verdana, sans-serif]But would you have to take out a mortgage for the full purchase price. [/FONT]
[FONT=Verdana, sans-serif]The repayments could well be more than £400pm in addition to which you will have insurance and repairs etc.[/FONT]

Lioness_Twinkletoes

Can your daughter afford a mortgage or the costs of maintaining a house? Do she have the necessary skills? If the honest answer is no then you need to reconsider your plans.

da_rule

A few things to consider:

1) Have you checked that you can get a mortgage and roughly what the payments would be?
2) Do you have the money for insurance and repairs as and when they are needed?
3) If you or your husband ever need care then, if you purchase the house, you will be expected to self fund and potentially have to sell the house to pay the bills.
4) Your daughter is unlikely to be made homeless, she is disabled and residing in Council owned property, therefore they have a duty of care towards her.
5) The wetroom adaptation may mean that it falls under the adapted for disabled use exemption under right to buy, meaning that they may not have to sell it.
6) From a purely practical point of view, if you and your husband were to pass away and your daughter inherited the house, could she live there alone? Could she afford the bills/repairs/outstanding mortgage etc? If not she is probably far safer remaining in Council accommodation.

Norman_Castle

We have maintained our property been good tenets as the council had no money for a few years we put in a new kitchen and bathroom .
And we have a disabled daughter now age 29 . We needed a wash wet room council had no money so we put in for a pot of money called the disabled facility grant and we put a few hundred to it back in 1990 .

Any increase in value from the kitchen and bathroom will be ignored as part of the valuation.
I suspect if the council didn't fund the wet room they cannot prevent the sale because of it and any increase in value should be ignored. I'd suggest asking the council explaining how and when it was funded.

elsien

I can give you examples of a work colleague who bought their council house and never regretted it. I can also give you an example of a colleague in her fifties who became unable to work and had to sell up, (effectively giving up a secure tenancy) who wishes she'd never bothered.
Then there's the neighbour who wishes she'd bought when she was younger, and the friend who thought about it and is now very relieved that she didn't.

Leaving the politics aside, it doesn't matter what other people chose to do. You need to consider all the eventualities before making your decision.

You don't say what your daughter's disability is - there's a bit of difference between someone with a disability that would still allow them to work, and someone with a severe learning disability, for example. However if they are eligible for support, it won't matter if your house is council or owned.

Have you looked into the possibility of her inheriting the tenancy, if you want security for her?

Cheeky_Monkey

Norman_Castle wrote: »

Any increase in value from the kitchen and bathroom will be ignored as part of the valuation.
I suspect if the council didn't fund the wet room they cannot prevent the sale because of it and any increase in value should be ignored. I'd suggest asking the council explaining how and when it was funded.

But the Council did pay for it via a Disabled Facility Grant so they can presumably block the sale if they so decide.

Norman_Castle

Cheeky_Monkey wrote: »

But the Council did pay for it via a Disabled Facility Grant so they can presumably block the sale if they so decide.

The grant may be viewed differently than a modification funded through council housing modifications hence the suggestion to ask them, preferably before making further enquiries about mortgages etc.

[Deleted User]

I agree, before you even consider anything else you need to ask the council if your house is considered to have adaptations that would make it impossible to buy under RTB.

If your daughter has special needs, she won't be left homeless.

foxy-stoat

Cheeky_Monkey wrote: »

But the Council did pay for it via a Disabled Facility Grant so they can presumably block the sale if they so decide.

They paid towards a wet room 28 years ago.....Very much doubt they would block a sale now.

As long as you can afford the mortgage then there is no reason why you shouldnt buy it - it will become yours and in a few years be worth a lot more than you paid for it due to the discount, just check the terms.