We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Buying parents council house
Comments
-
I love a good RTB cheeky b****** thread.
Where will your parents live? And do they realise they don’t get to choose who buys it.0 -
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?
Your partner would not have the right to buy. Also, you would not be entitled to the right to buy as you are not the secure tenant. Therefore at least one of your parents would need to be on the application.
In the year that you (and maybe your partner) move in with your parents, if something happens to your parents then you may not be entitled to inherit the tenancy and would therefore be homeless. Also, if something were to happen and they were to need care then the Council could move them out and again you'd be homeless.0 -
fairy_lights wrote: »Or why not just buy on the open market and let your parents keep their secure tenancy?
Or have your parents exercise their right to buy and then sell the house to you.0 -
Words fail me.
I :heartsmil artful's post.0 -
How wealthy are your parents?0
-
quotememiserable wrote: »Or have your parents exercise their right to buy and then sell the house to you.
The parents would need to be granted the mortgage.
Unless the OP was granted joint tenancy. But that would usually require him to live with his parents in the house for two years.
I think the upcoming issues with retirement, pension, benefits, social care, etc make this risky.0 -
Wouldn't it make more sense for your parents to move out, you all buy a place together, and then rent out your council house privately raking in the profits? That could be more fun and you could laugh at all the taxpayers who provided your rental propertyAn answer isn't spam just because you don't like it......0
-
diggingdude wrote: »Wouldn't it make more sense for your parents to move out, you all buy a place together, and then rent out your council house privately raking in the profits? That could be more fun and you could laugh at all the taxpayers who provided your rental property
If they sublet to illegal immigrants, that would probably tick enough boxes for a Daily Mail / Channel 5 outrage story...0 -
That's the cherry on the cakeAn answer isn't spam just because you don't like it......0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.2K Banking & Borrowing
- 254.4K Reduce Debt & Boost Income
- 455.3K Spending & Discounts
- 247.2K Work, Benefits & Business
- 603.8K Mortgages, Homes & Bills
- 178.4K Life & Family
- 261.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards