RTB: Housing Question

Exodi

dp93 wrote: »

The advantage to her? she stays in the exact same circumstances yet Ill be the one paying for crap not the council, and she actually gets to leave me something in her will or via transfer is it so much for a parent to want to give their child something?

So you openly admit there's no benefit to her at all (unless you're trying to feign her being able to leave you the money you put in as a great benefit to her?) but countless negatives (one being that she is then entirely reliant on you to maintain the property and becomes a slave to your financing - I can only imagine how empowering this must feel for parents).

I know you've taken satisfaction in pointing out that people get frustrated with RTB threads but it has annoyed me that you're feigning that you're doing this 'for your mother' with comments like the one I quoted in my previous post when you should really grow a pair, and say it for what it is: you want to cash in on the RTB.

EDIT: And why shouldn't people be annoyed that individuals like you cheat the system with antics like this whilst simultaneously watching house prices rocket and availability of social housing decrease?

hazyjo

It's obviously fine/nice for a parent to want to leave their child something, but your mum unfortunately hasn't been in a position to do that. I just don't get why you think the taxpayer should be giving you an inheritance when they've already given your mum a big discount on rent :think: It's the 'you' bit I have the problem with. I understand if your mum was now in a position to buy and do what she wanted with it, but she's not.


What if you get flattened by a bus tomorrow? How will your mum pay for the bills and maintenance? That is such an important issue.


If you choose to see my opinion as a 'snotty comment', c'est la vie. It's a forum - not everyone will agree with you or back you. I don't think I've been mean, spiteful or nasty, I don't usually get involved with these sorts of threads, but I couldn't sit on my hands in this case.


Genuinely happy/curious to work out your point of view, but I'm still struggling to understand it from what you've said.


So you're 23-ish? Maybe that's why your siblings have moved on and have less to offer your mum? That's not to say they weren't doing all you're doing when they were your age if they still lived at home then. Might be worth a chat with them all to outline your plans before taking them any further. Just see how much grief it might cause you and if you still think it's worth it.

Exodi

dp93 wrote: »

Right exactly so housing prices are increasing, and me wanting to own a property cheaply through RTB while still taking care of my mother for the rest of her life is a bad thing SERIOUSLY!?

You tried to be honest (albeit there's a certain irony that if no-one played the system like you are proposing, house prices wouldn't increase as much but alas) but again fell on pretending it's for your mother. I supposed this is in contrast to the people that don't capitalise on their parents RTB and are thus unable to provide care to their parents?

dp93 wrote: »

yeah ofc I want to get on the property ladder and make sure my future is also always secure with a home to fall back on is this such a bad thing I suppose your a golden citizen who's never done something that benefits you whilst also benefiting other people?

I feel like we're making progress with your motive becoming clearer but this is also where your argument falls flat because, as we established, there is no benefit to her at all. It would be a better question to ask if I've robbed my parents of their independence for my personal gain, the answer would be no FYI.

dp93 wrote: »

me living their means all the tv, broadband, gas, electric, maintenance and all that crap is all covered by me?

And all for the low, low cost of the house and her independence. Let's hope you literally never have an argument because she'd be royally stuffed.

dp93 wrote: »

oh I'm so sorry for actually benefitting from buying my mother a house and then hopefully one day owning it myself? jesus christ have you actually read what your saying im not surprised people don't ask questions about this stuff expecting good answers with people like you around and your army of no doubt 'THANK YOU' to this posters... I was asking questions in regards to it not asking for you to try and question me being able to say I want the house for myself.

The reason me and 'my army' have problems is because this comes up so often of people who are strictly trying to benefit from someone elses RTB but for some ungodly reason act like they're not doing it for themselves! It makes exactly zero difference if the council, her, you, donald trump or the teletubbies own the house because she doesn't pay to live there.

dp93 wrote: »

yes ofc its seen as an investment

You're kidding?

dp93 wrote: »

but im then a horrible self absorbed selfish person for wanting to earn take a piece of that property that all of my family have paid upteen years of rent towards for years upon years?

And to get back at 'the system' for screwing hard working people out of their money... you're going to screw hard working people out of their money? (because this property would have otherwise been passed to another person in need instead of as an investment for you).

I'm sorry I just don't like the scapegoating and guise of 'my poor mother, it'll be really good for her... probably'. These threads would receive a warmer reception if people like you just posted; "hi, trying to use someone elses RTB so i can make stacks of cash? please help" and avoided all the pandering and theatricals.

Rosieandjim

If your mother has not had a succeeded tenancy ( Tenancy passed from husband to wife) and you go onto the tenancy after having lived their for a year (may be longer you need advice about this) You would be able to buy in your name. You would be better discussing what your councils policy is than stiring up a hornets nest on here as people rightly get uptight about these questions. At present as others have said you would have to give your mother the money to buy in her name with her staying put for 5 years or the discount would need to be paid back + if she needed long term care the house would be taken into account.
This would not happen if you purchased after having been a tenant for a period of time

MalcRH12

Just because your family grew up in the house it doesn't automatically make it OK to get a house for the fraction of the price you would pay by purchasing through the proper channels. The house did it's job, it provided a foundation for you and the rest of your family to grow up and move on from. Now let it do the same for others in need.

Additionally, you say your mother wants to leave you an asset. Sorry but whatever the circumstances have been etc, she has not managed to obtain any assets so this is irrelevant.

There seems to be a suggested loophole of moving in and purchasing later down the line. People take advantage of loopholes all the time so why should you be any different? If you're going to do it, then do it within the rules.

Cakeguts

The other problem I can see is this. What happens if your mother decides to leave her house after you have given her the money to buy equally between you and your siblings in her will? Are you going to fight your siblings to get your money back?

Mrs_Imp

Ok, so you give your mum the money to buy her house and she becomes liable for repairs. You're currently happy to help out, so it's not a problem when her radiator leaks everywhere, as you have said you would foot the bill.
What happens when your GF wants your own house together? You get a mortgage/rent a place, have a couple of children. GF is off work on maternity leave, you're paying all the bills, and currently ends mostly meet. BUT it becomes apparent that your mum's house needs a new roof/new boiler/new windows/ something else unexpected. How would you find the money?
Or your company goes in to administration and you're laid off. Meanwhile mum's boiler has gone bang and leaked everywhere (happened to me when I was between jobs. No heating or hot water for 6 weeks one winter. Kettles and hot water bottles were my friends).
Unless you mum has the means to carry out repairs, then it's a massive gamble for her health.

diggingdude

why do people saying paying rent for 20 years is buying it? no it isnt, you are renting. Grrrr

CarrieVS

You say it'll be cheaper for you to give your mum the money to buy the house than to pay the rent if you move back in... but the difference between your sum total of rent and your estimate of the house price with RTB isn't huge.

How much do you think you'd spend on maintenance on the property over six years?
And knock the £40/month council tax difference off your total: your mum still loses single person discount when you move in if she owns the house.
And you'd be earning interest on your savings in the meantime. If you want to own a house in the future, and you want some money towards it from the government, have you thought about paying into a LISA or HTB ISA? It might be more profitable for you in the long run.

Mojisola

dp93 wrote: »

So my Mum now gets housing benefit

diggingdude wrote: »

why do people saying paying rent for 20 years is buying it? no it isnt, you are renting. Grrrr

Especially when its the nation's taxpayers who has been paying the rent for some of that time.