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want to buy parents council house
Comments
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you won't be able to buy the house. they will have to buy the house.0
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AskAsk said:you won't be able to buy the house. they will have to buy the house.
as long as OP has lived there over 12 months they can be part of joint applicationJoint applications
You can make a joint application with:
- someone who shares your tenancy
- up to 3 family members who’ve lived with you for the past 12 months (even if they do not share your tenancy)
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OP
You can buy the property with your parents providing they genuinely have a RTB and they will be on the deeds & you can prove residency.
I'm not really sure I can see any benefits for them.
The pitfalls though;
* automatic stop on all repairs
* parents & you responsible financially for all adaptations and repairs going forward
* full responsibility for all insurances which they dont have to pay now.
* mortgage? Are they within the age range to get a mortgage or will they be paying cash? Can you get a mortgage or are you paying cash
Pitfalls for you
* stamp duty if you buy again.
* if you put money in you be able to easily get it back if you decide you need it.
* living with your parents? How old are you? No intention for a relationship or anything?
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