Right to buy

adrian_marsden

But if that is the case, then surely the private property that you intend to buy first isn't your main residence at the point you buy it, and so would not be eligible for the FTB SDLT relief ?..............................................something else for me to check.

Gycraig

adrian_marsden said:

well,all you experts have got it wrong........right to buy gov advice tells me catagorically that you do not lose yr right to buy if you purchase a private house first.....the only stipulation is that the right to buy property remains yr main dwelling until it is bought.you can move out the day after.hope this helps someone.

You can only buy the property if it is your only or main home. 

I honestly can’t see you getting away with buying the expensive property first to pay less stamp duty THEN using right to buy to buy your council property at a hefty discount, let us know how you get on in reality though. 

None of us claim to be experts we are random people you asked a question to on a forum, if you want legal advice there are people who sell that. 

adrian_marsden

There may be cases where an individual first time buyer intends to continue to reside at another dwelling following the purchase of a dwelling, for example the individual maintains a home that they rent from someone else and intends to continue to do so indefinitely. In such cases, all of the facts and circumstances of the case should be considered to determine whether the individual intends the purchased dwelling to be their main residence. It is not necessary that the purchaser must occupy the property immediately following purchase. At the effective date of the transaction, there must be a clear intention to occupy the dwelling as the purchaser’s only or main residence and the fact that circumstances make it either impossible or impractical to immediately occupy the dwelling do not prevent relief being due. 

adrian_marsden

https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/759714/Stamp_Duty_Land_Tax_relief_for_first_time_buyers_-_guidance_note.pdf

quotememiserable

Well you seem to think you know all about it, so why are you here asking us?