Right To Buy Help Needed

Papermonkey

Yes he would, but I am not sure if he should gift the money and it go into my bank account and i then buy the property which is very complicated as i am on benefits and i am not allowed savings over 6k. The other option would be that he buy it for me and hand over ownership to me. Thanks for your continued advice.

gettingtheresometime

Can you afford to carry out any repairs that might occur? Just because you can, doesn't mean you should.

london21

Get legal advice maybe, depends the type of benefit you are on, for example owning the house outright will mean no housing benefit for example.

wilfred30

Papermonkey said:

Yes he would, but I am not sure if he should gift the money and it go into my bank account and i then buy the property which is very complicated as i am on benefits and i am not allowed savings over 6k. The other option would be that he buy it for me and hand over ownership to me. Thanks for your continued advice.

As far as I'm aware, as your brother does not live with you in the bungalow and you are the sole tenant, he will not be able to buy it for you.

He would, as you say, have to put the money into your bank account for you to buy it in your name.

Jude57

This may have been raised in the previous thread, but are you sure you would be allowed to buy your bungalow? Sometimes certain properties are excluded from Right to Buy criteria because they are specifically adapted for use by disabled tenants or by older people. If your bungalow falls into that category, you might not be allowed to buy it, no matter where the funds come from.

I'd also ask if your brother is intending to pay for repairs and maintenance for the long-term future? Think about big things like the roof, windows, central heating.

As far as I know, you're permitted to use a bequest or gift to buy yourself a home without it affecting your benefits, so long as it is your only property. The people on the Benefits board will know for sure.

Papermonkey

Thank you for your help. Yes, It is a right to buy according to my council even though it is a adapted bungalow. If it is permitted to use a bequest or gift to buy a home for myself that is very useful information. I have tried asking about this at the benefits forum but the post was removed and told it was not a relevant benefits post. I will try again later. Thanks

sevenhills

Papermonkey said
The value of the right to buy property is around 100k before any

government deduction. It will be around 60-70k with deduction.

Hoping you can advise me on this matter.

Thanks

That is quite a low value, have you confirmed its value and your right to buy it. There are exemptions, if it's adapted, you may not be able to buy it.