Mortgaging house for disabled mother?

DanielCron19

My mother and I currently live in a council house and have lived her for around 18 years.

I'm 23 and we moved into this house when I was 5 years of age. My mother is 58 but does not own the house as she's a disabled woman and probably makes £12,000 per year through benefits, and has to pay the bills.

She has been with the council for approximately 30 years so she might be able to have a percentage knocked off the house if she was to purchase it due to the length of service she has been with our local council.

I'm currently earning £23,000 per year with a take home pay of £19,021 per year. I would love to be able to keep my mothers home in the family for when her condition becomes worse as she won't need to go into a care home. My mothers disability is worsening as she gets older to the point were she won't be able to live in this council house anymore so the council will have to move her.

I want my mum to mortgage the house but I will pay it for her. The house is valued at around £201,000 by going off Zoopla. If my mum was to purchase this house from the council, she would have a certain percentage knocked off (around 35% I believe) which would then price it at £130,000 which will make it a doable mortgage.

I will need the house to be in my mothers name to have her discount applied to the house but I will be paying her monthly payments. Another thing to mention is that her credit history is very poor. Would this affect her being able to get a mortgage, even if they knew that her son would be paying it for her?

Now lets just say this plan was successful, what would happen to the house if my mother was to die? With me still paying it, would it just resume as normal? It worries me to get a mortgage and if my mother dies before it's paid off, that the mortgage company would just sell the house off because the person's name it's in has died?

swingaloo

Why would you want to take away your mothers security? She has a secure tenancy and is not responsible for repairs.
As things stand, if your mother gets worse she may have to go into care and then as a homeowner would be responsible for paying for that care.

What you suggest doing would be impossible thankfully.

What does your mother want?

DanielCron19

She would have to pay for going into care if she's a homeowner?


My mother wants the house so stay in the family. If she has to move, it will go back to the council and all the memories she has of here, will be gone since someone else will be living here.

Cheeky_Monkey

Seriously OP, I don't think you're fooling anybody.

We see hundreds of threads on here from kids/grandchildren who use their parent's/grandparent's welfare as the excuse to get their hands on a cheap house and make a large profit when they sell it.

There is absolutely no benefit whatsoever to your mother in your scenario - only yourself. Luckily, she won't get a mortgage in the first place if her only income is benefits.

swingaloo

That's actually the idea behind council houses. People are homeless because there is not enough social housing. When your mum no longer needs the house it should be passed to another family in need who are on the waiting list.


If she was able to buy the house, which will not happen under the terms you suggest, then if and when she goes into care she will be expected to fund the care herself as an home owner.

The idea with social housing is not that it 'stays in the family'.

csgohan4

The house is not yours, it stays with the council to provide those who need it the most, not as an inheritance which you never had.

If you want to go down the RTB, you cannot have your cake and eat it. It will be used to assess your mother for care should your mother need it. Meaning you will unlikely get it free or a charge be placed on the property to be paid on selling it.


Don't forget all the problems with owning a previous Council owned property as well in regards to maintenance and no more asking the council for repairs as you are responsible.

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


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


Memories are forever, houses are temporary. Memories don't disappear just because you no longer have something. Cherish them and let someone else who needs the house use it when you no longer need it.

dawyldthing

The other thing to consider is that you won’t get housing benefit any more if you did mortgage it, your mum would have to pay all repairs etc. You can’t sell it in for I think it’s 5 years too.

HampshireH

I don't understand.

You say that if your mum stays in this council house she will have to move when her health deteriorates. Yet you want her to buy it and be trapped in an unsuitable house with debt?

Its almost 100% a no go anyway because;

* Mum probably won't get a mortgage without an income and decent credit history.

* Your income will probably be too low to get a mortgage I would imagine.

* Your mum, even if she were somehow to get a mortgage probably won't be able to maintain the repairs side of things financially whilst on benefits

* Your mums health is deteriorating as you say and she may have to sell it to fund future care. Who did you think would pay for that for her?

* If your mum were to pass away having bought the house and you were to inherit it in her will, how would you afford the mortgage, council tax, insurance, various bills & life on 19k a year?

csgohan4

If only we had a stickies for the most common RTB threads here, it always comes up on here, people wanting to take advantage of the system, while not illegal is taking the pee.

-taff

So let's imagine she did get a mortgage and a knock down price and you start paying the mortgage.


Two months later, the roof needs repair - that's her responsiblity now, has she got the money for this?
Two weeks later - the boiler blows up - that's her responsilbility now, has she got the money for this?
The house needs to be modified because she's disabled - has she got the money to pay for this?
Let me just make that really really clear. YOU may think you own the house because you are paying the mortgage, but legally, it is hers, it will not be yours. If she needs ot go into a care home, the house will be sold to pay for that, because it is not your house.

AnotherJoe

-taff wrote: »

So let's imagine she did get a mortgage and a knock down price and you start paying the mortgage.


Two months later, the roof needs repair - that's her responsiblity now, has she got the money for this?
Two weeks later - the boiler blows up - that's her responsilbility now, has she got the money for this?
The house needs to be modified because she's disabled - has she got the money to pay for this?
Let me just make that really really clear. YOU may think you own the house because you are paying the mortgage, but legally, it is hers, it will not be yours. If she needs ot go into a care home, the house will be sold to pay for that, because it is not your house.

....... exactly .... say 5 years later mum goes into care, She owns the home so it's an asset that can be sold to help pay for that care, OP posts in here asking how she can prevent this or get her money back because she was "really" buying it not her mum