Trying to buy council house but been refused

wilfred30

TylerDurden36 said:

Thanks for the replies. Looking further into it it would be an absolute nightmare trying to fight the council. Spoke to a solicitor and they want £200 an hour to even look at it.

Just a case of tough luck. Should have got in earlier. One of the bungalows down the road sold for £130,000 a few months ago. They will have made at least £70,000 on that.

No council properties should have ever been made available to buy from the start. It’s part of the reason why so many people are without homes now. 50% discount on bungalows and a 35% discount on houses. People just took advantage of it and made a fortune.

My girlfriend has just bought an ex council house for £200,000. I looked on Zoopla and that house was bought for £55,000 just 10 years ago. Absolutely ridiculous!

Anyway that’s a bit of a rant so thanks for the replies on the subject at hand.

Were you not hoping to do the same?

lookstraightahead

TylerDurden36 said:

Thanks for the replies. Looking further into it it would be an absolute nightmare trying to fight the council. Spoke to a solicitor and they want £200 an hour to even look at it.

Just a case of tough luck. Should have got in earlier. One of the bungalows down the road sold for £130,000 a few months ago. They will have made at least £70,000 on that.

No council properties should have ever been made available to buy from the start. It’s part of the reason why so many people are without homes now. 50% discount on bungalows and a 35% discount on houses. People just took advantage of it and made a fortune.

My girlfriend has just bought an ex council house for £200,000. I looked on Zoopla and that house was bought for £55,000 just 10 years ago. Absolutely ridiculous!

Anyway that’s a bit of a rant so thanks for the replies on the subject at hand.

So you should have got in earlier but you disagree with it?

onylon

lookstraightahead said:

So you should have got in earlier but you disagree with it?

I don't like that Amazon pay practically no UK tax. That doesn't mean I won't minimise my own tax liability on my savings and pension.

Norman_Castle

TylerDurden36 said:

Just a case of tough luck. Should have got in earlier. One of the bungalows down the road sold for £130,000 a few months ago. They will have made at least £70,000 on that.

No council properties should have ever been made available to buy from the start. It’s part of the reason why so many people are without homes now. 50% discount on bungalows and a 35% discount on houses. People just took advantage of it and made a fortune.

My girlfriend has just bought an ex council house for £200,000. I looked on Zoopla and that house was bought for £55,000 just 10 years ago. Absolutely ridiculous!

Anyway that’s a bit of a rant so thanks for the replies on the subject at hand.

Was that opinion formed before or after the rtb refusal?

london21

A lot of people buy the ex council property for profit.
The councils are now better informed.
There used to be shows about million pounds ex council properties. 

LaHostessAvecLaMostess

TylerDurden36 said:

Thanks for the replies. Looking further into it it would be an absolute nightmare trying to fight the council. Spoke to a solicitor and they want £200 an hour to even look at it.

Just a case of tough luck. Should have got in earlier. One of the bungalows down the road sold for £130,000 a few months ago. They will have made at least £70,000 on that.

No council properties should have ever been made available to buy from the start. It’s part of the reason why so many people are without homes now. 50% discount on bungalows and a 35% discount on houses. People just took advantage of it and made a fortune.

My girlfriend has just bought an ex council house for £200,000. I looked on Zoopla and that house was bought for £55,000 just 10 years ago. Absolutely ridiculous!

Anyway that’s a bit of a rant so thanks for the replies on the subject at hand.

On what basis? And no, that's not correct.

The money from RTB was supposed to be used by councils to build more housing projects.  Instead, it was squandered.  That isn't the fault of the legislation, but of councils who got a payout and blew it on vanity projects rather than building new council properties.

tooldle

LaHostessAvecLaMostess said:

TylerDurden36 said:

Thanks for the replies. Looking further into it it would be an absolute nightmare trying to fight the council. Spoke to a solicitor and they want £200 an hour to even look at it.

Just a case of tough luck. Should have got in earlier. One of the bungalows down the road sold for £130,000 a few months ago. They will have made at least £70,000 on that.

No council properties should have ever been made available to buy from the start. It’s part of the reason why so many people are without homes now. 50% discount on bungalows and a 35% discount on houses. People just took advantage of it and made a fortune.

My girlfriend has just bought an ex council house for £200,000. I looked on Zoopla and that house was bought for £55,000 just 10 years ago. Absolutely ridiculous!

Anyway that’s a bit of a rant so thanks for the replies on the subject at hand.

On what basis? And no, that's not correct.

The money from RTB was supposed to be used by councils to build more housing projects.  Instead, it was squandered.  That isn't the fault of the legislation, but of councils who got a payout and blew it on vanity projects rather than building new council properties.

The opportunity to use the funds generated through right to buy, for replacing housing stock, is a relatively recent change 2011/2012? Back in the 80's when right to buy boomed, government placed restrictions on councils forcing them to allocate right to buy receipts to debt, rather than replacing housing stock. Close on 1million council homes were sold in the 1980's alone.

TheJP

TylerDurden36 said:

Thanks for the replies. Looking further into it it would be an absolute nightmare trying to fight the council. Spoke to a solicitor and they want £200 an hour to even look at it.

Just a case of tough luck. Should have got in earlier. One of the bungalows down the road sold for £130,000 a few months ago. They will have made at least £70,000 on that.

No council properties should have ever been made available to buy from the start. It’s part of the reason why so many people are without homes now. 50% discount on bungalows and a 35% discount on houses. People just took advantage of it and made a fortune.

My girlfriend has just bought an ex council house for £200,000. I looked on Zoopla and that house was bought for £55,000 just 10 years ago. Absolutely ridiculous!

Anyway that’s a bit of a rant so thanks for the replies on the subject at hand.

Ahh it all makes sense now.

Chandler85

LaHostessAvecLaMostess said:

TylerDurden36 said:

Thanks for the replies. Looking further into it it would be an absolute nightmare trying to fight the council. Spoke to a solicitor and they want £200 an hour to even look at it.

Just a case of tough luck. Should have got in earlier. One of the bungalows down the road sold for £130,000 a few months ago. They will have made at least £70,000 on that.

No council properties should have ever been made available to buy from the start. It’s part of the reason why so many people are without homes now. 50% discount on bungalows and a 35% discount on houses. People just took advantage of it and made a fortune.

My girlfriend has just bought an ex council house for £200,000. I looked on Zoopla and that house was bought for £55,000 just 10 years ago. Absolutely ridiculous!

Anyway that’s a bit of a rant so thanks for the replies on the subject at hand.

On what basis? And no, that's not correct.

The money from RTB was supposed to be used by councils to build more housing projects.  Instead, it was squandered.  That isn't the fault of the legislation, but of councils who got a payout and blew it on vanity projects rather than building new council properties.

So a home that's worth 100k, RTB gets it sold for 30k (assuming maximum discount) and the council are expected to replace the 100k home with the 30k they have...  If you could build homes for 30k and sell them for 100k then the housing developers would have already built them.

RTB should exist with little or no discount, maybe 10-15%.  So people who want to buy where they live because all their friends etc are there can do.  Not sold off with huge discounts.

GibbsRule_No3

Assuming that when it was first introduced they should have had a nice lot of money in one go, rather than waiting for the rent and saving from that. For whatever reason they then did not build many, to get more rent from the new builds.  I have two friends, sisters, who lived with their mother in the house that her parents had (I guess at one time children could inherit a tenancy?) from when it was built just before WW2.  That was the reason they bought the house and are still living in it, not bought for profit.  When they die, if it does not need to be used for care home fees, then their nieces, nephews and great nieces/nephews will no doubt benefit.
I still rent and am now in an age related bungalow and would not be allowed to buy, as it should be IMHO for age related dwellings.