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

Been living with my mom for 5 years, she has right to buy, I can buy the house outright....

13

Comments

  • gingercordial
    gingercordial Posts: 1,681 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Wanderingpomm wrote: »
    We don’t have moms we are not American. If you are American you def cannot buy your parents council house

    That's not actually true - in parts of the West Midlands it is "mom" not "mum" so it is perfectly correct if the OP is from there and doesn't mean they are American. Maybe other places in the UK too for all I know.

    (I'm not a Brummie but I do have colleagues from there!)
  • phillw
    phillw Posts: 5,692 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    -taff wrote: »
    Your mother has the right to buy and can buy it. However, the house would then be hers, irrevocably, unless she signs it over to you. Which she doesn't have to do, because you are going to have to say you give her the money as a gift.

    Why couldn't they loan her the money and get a charge on the property? Is there anything stopping you evicting a family member for not paying back a loan secured on a property?
  • McKneff
    McKneff Posts: 38,857 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Be jaysus, if my kids showed me any signs of what you are doing, i would be marrying the first fella that came along, buy the house and then leave it to a cats home.

    What does your mum say to all this or are you bullying her inro it
    make the most of it, we are only here for the weekend.
    and we will never, ever return.
  • -taff
    -taff Posts: 15,599 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    phillw wrote: »
    Why couldn't they loan her the money and get a charge on the property? Is there anything stopping you evicting a family member for not paying back a loan secured on a property?


    Question 8
    https://righttobuy.gov.uk/help/questions-and-answers/
    Non me fac calcitrare tuum culi
  • jone111
    jone111 Posts: 18 Forumite
    My mom was the one who proposed it
  • scoey8
    scoey8 Posts: 111 Forumite
    Ninth Anniversary 10 Posts Name Dropper Combo Breaker
    As above your mum would need to apply for the right to buy with you named on the application as having lived with her for the past 1 year. You could then buy the property jointly but you would be 50/50 on the deeds. Also if you need a small mortgage to make up the funds that would have to be joint aswell as far as i'm aware.

    You would need to then come to an agreement with your mum as to what would happen from there with regards percentage of ownership etc. but as people have pointed out there are also a lot of pro's to her staying as a council tenant.
  • Mojisola
    Mojisola Posts: 35,574 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    jone111 wrote: »
    My mom was the one who proposed it

    But does she understand the ramifications of doing it?

    Does she realise what she's giving up by letting go of a secure tenancy?
  • theartfullodger
    theartfullodger Posts: 16,011 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    With all the rent you've been paying mum she'll be well set up to buy it herself eh?

    As a decent honourable child you've been paying mum market rent haven't you?

    And she's been declaring it to benefits authorities?
  • csgohan4
    csgohan4 Posts: 10,607 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    jone111 wrote: »
    My mom was the one who proposed it

    Inheritance is earned, not given by the taxpayer
    "It is prudent when shopping for something important, not to limit yourself to Pound land/Estate Agents"

    G_M/ Bowlhead99 RIP
  • need_an_answer
    need_an_answer Posts: 2,812 Forumite
    Ninth Anniversary 1,000 Posts
    jone111 wrote: »
    My mom was the one who proposed it

    its a shame your mum didn't advise you to buy a better car than the one you paid £1000 and it broke down 30 mins after paying for it....

    yes its clearly half term.
    in S 38 T 2 F 50
    out S 36 T 9 F 24 FF 4

    2017-32 2018 -33 2019 -21 2020 -5 2021 -4 2022
This discussion has been closed.
★ ★ ★ Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 354.6K Banking & Borrowing
  • 254.5K Reduce Debt & Boost Income
  • 455.5K Spending & Discounts
  • 247.5K Work, Benefits & Business
  • 604.4K Mortgages, Homes & Bills
  • 178.6K Life & Family
  • 262K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.
Update Your Picture