To Purchase my first house

Oneinbillion

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.

Browntoa

Yes , if you own a property that excludes you from social housing