Buying parents council house

AnotherJoe

rdixon555 wrote: »

I see, thanks. That would get round the having to have lived there for the 12 month and eligibility part!!

Then after 12 months, I would just apply to buy the property with my partner?

Woooosh ! woosh

rdixon555

So it would be a joint application between my parents and me after I live there for 12 months, as per this

https://www.gov.uk/right-to-buy-buying-your-council-home

csgohan4

rdixon555 wrote: »

So it would be a joint application between my parents and me after I live there for 12 months, as per this

https://www.gov.uk/right-to-buy-buying-your-council-home

The mortgage will be limited by your parents age and combined income.

Have you thought this through?

Your parents are going to lose secured tenancy and if you don’t keep up with mortgage, repossession will be a real threat and the council won’t rehouse as this is intentional homeless.

Don’t forget owning a house means you have to pay for the repairs, no more ringing up the council. Do you know how much is a new roof or a boiler?

See following as examples who bought RTB without thinking it through:

https://forums.moneysavingexpert.com/discussion/5789909/new-roof

https://forums.moneysavingexpert.com/discussion/5856039/service-charge-being-billed-for-5000-major-works

Mojisola

rdixon555 wrote: »

My parents have suggested to myself and my partner that due to the right to buy, they are contemplating moving out of there current council house where they have lived for 25 years and us buying it.

Do your parents really want to give up a secure tenancy and move into the more risky private market?

armchaireconomist

You can't buy it as it's not your council house. It's very simple. Anything else would be fraud.

Red-Squirrel_2

Sometimes parents are willing to do very silly things and make unnecessary and risky sacrifices for their children.

Decent adult children do not let their parents do this.

fairy_lights

Or why not just buy on the open market and let your parents keep their secure tenancy?

Cheeky_Monkey

theartfullodger wrote: »

Yeah, just get mum 'n dad to move out & you move in, don't bother informing council and then after a year (yes - at least a year!) apply for RTB with council


Best to ignore anyone else posting claiming that there might be problems...

:rotfl::rotfl::rotfl:

BlackBird75

So where are the parents going to live?

I wouldn't bet on a private landlord being too keen on accepting pensioners on LHA / pension credit etc.

My opinion is that once someone gets over the age of about 50, the risks of buying a house (especially their council house), start to outweigh the potential benefits.

Cakeguts

The only people who have the right to buy this house are your parents. You do not have the right to buy. If your parents move out of the house they have to tell the council that they are giving up their tenancy and the council will take the house back and allocate it to someone else who needs it. That doesn't have to be you. Even if you were living there with your partner you wouldn't automatically get the right to carry on living there if your parents gave up their tenancy. The council would have the right to take the house back and allocate it to someone on their housing list. This is not your parents house they don't have the right to dispose of it as they wish only the council have that right.


If you want to buy a property buy one on the open market do not risk your parents becoming homeless by taking away their secure tenancy.