Joke

Cakeguts

People generally don't want to pay high prices for property in bad areas. Although property can be rented very easily it may not be rented to good tenants because good tenants don't want to live in bad areas either so you are going to get the kind of tenant who doesn't care about the flat.



So if you try to sell this flat the chances are that even with the discount you will lose money. Buyers don't like council flats because of the huge bills they can get for maintenance. So if you decide to sell it you will have to sell it cheaply. Probably less than you paid for it. Not all Right to Buy properties can be sold on at a profit to provide a deposit on a different property. Many of them have to be sold very cheaply and often at auction because very few people want to buy them.



You are probably going to be stuck there for the next 25 years. Your children will be able to sell it when you are gone but probably for not very much.

davidmcn

Mela322 wrote: »

You just happen to be fortunate that the council wants to help people like you get on the property ladder.

What the council wants is neither here nor there - they're obliged to offer the RTB because that's what Westminster decided (and unlike Holyrood, has yet to repeal).

Mela322

davidmcn wrote: »

What the council wants is neither here nor there - they're obliged to offer the RTB because that's what Westminster decided (and unlike Holyrood, has yet to repeal).

It doesn't matter, you're right, but even out of obligation, it was meant to help people like this person get on the property ladder!

babyblade41

what a degenerate way this unfolded , from what I can gather OP has lived there for 26 years or am I wrong (I got a bit lost half way through)


Got the benefit of RTB which includes a good discount... now has a property and wishes to move out of the area as it's rubbish but worth it because of the discount and hopes some other person will not only buy it but put money in OP's pocket after benefitting to put to a better area >

Well , my thoughts on this possibly won't be beneficial to the OP as I think this is wholly not right...or am I missing something ??

BrassicWoman

Mela322 wrote: »

It doesn't matter, you're right, but even out of obligation, it was meant to help people like this person get on the property ladder!

It was designed to turn labour voters into tory voters.



And I think it was more about having a home to live in, not ease of moving - or else there would be no tie in period.

diggingdude

Anyone else having trouble believing someone genuine would come on and ask this question?

For the record you are welcome OP and we all await the thank you you will give to tax payers on here for the discount gift

theartfullodger

You've taken a bung from the taxpayers and now want extra help?



Not criticizing, just checking I've understood your problem correctly.


Best regards to all.

John_G_Jones

TrappedMother wrote: »

I bought the flat due to the discount which I fully well earned as I have lived in this property over 25 years and if i have to stay here then at least i can pass it down to my kids when I’m gone. Or should I have left after 25 years and found a property in the private market and rent that until forever?
This is in response to why I bought the property with nightmare neighbours*

That is not what earned means. The money you paid in rent was in exchange for living there, it was not a savings pot for later.

The terms of the deal are that you live there for five years or you pay back the discount. That’s more than fair, so I suggest you just get on with it.

John_G_Jones

TrappedMother wrote: »

Im asking what are my options! I may stay in this property until my death comes but im simply asking due to me wanting to not live in this particular property the best way to move (IF I CAN), considering I've been here for 25+ years and paid the properties price several times over.

You paid it for rent, not as savings.

This really is not a complex concept, I don’t understand how people don’t get it.

babyblade41

I hope there is a plug in the loop hole that enables this ... a couple of posts back the OP thinks they are entitled to get a discount
For me who rightly or wrongly think that a roof over your head is your own sole responsibility and yet for some seem to think it's up to others to help them, then I have done something insurmountably wrong in all these years

The schemes that are out there to help people somehow get scuppered by those that think it's there divine right that they deserve more help than others..it's a little unfair IMO

OP you were given a good step up, make the best use of the chance you have and in 5 years give the benefit (if possible) to someone else...these schemes are not there to make a few quid they are there to help people ..to throw it back is a bit of a slap in the face to others
If, as you claim it is now a nightmare, what was the previous 2 decades like ? if that bad then no way on this earth would you commit to 5 years of hell