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To Purchase my first house
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Oneinbillion
Posts: 1 Newbie
Hi All,
I am an assured housing association tenant for the last 10 years. I have been saving for many years and now want to invest that money in a restaurant business or to purchase a house and put it on rent to boost my income and for future security. Most likely I am thinking to invest in a property for rental gain as it’s more safer then buying a business.
If I buy another house to put in on rent, will I have to return my current tenanted house back to housing associations. I don’t claim and extra benefit to pay my rent and have been paying from day one the asking rent monthly.
I am an assured housing association tenant for the last 10 years. I have been saving for many years and now want to invest that money in a restaurant business or to purchase a house and put it on rent to boost my income and for future security. Most likely I am thinking to invest in a property for rental gain as it’s more safer then buying a business.
If I buy another house to put in on rent, will I have to return my current tenanted house back to housing associations. I don’t claim and extra benefit to pay my rent and have been paying from day one the asking rent monthly.
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Yes , if you own a property that excludes you from social housingEx forum ambassador
Long term forum member0
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