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  • FIRST POST
    • Gastines3
    • By Gastines3 17th May 17, 9:29 AM
    • 115Posts
    • 48Thanks
    Gastines3
    Info on buying Housing Association House?
    • #1
    • 17th May 17, 9:29 AM
    Info on buying Housing Association House? 17th May 17 at 9:29 AM
    Without my Daughters knowledge.. She has lived in a H.A.House for about 20 years,always worked and never asked for any financial help,although new kitchen/car etc. have been given over the years. My wife and I would like to know if these half rent/half own on a mortgage properties,are possible to buy. Does the half owned by the H.A. value at today's current value,we presume it does and is there any discount for long term tenants as with Council properties?Any advice welcomed.
Page 1
    • seashore22
    • By seashore22 17th May 17, 9:35 AM
    • 935 Posts
    • 2,018 Thanks
    seashore22
    • #2
    • 17th May 17, 9:35 AM
    • #2
    • 17th May 17, 9:35 AM
    You want to buy the house your daughter lives in without her knowing about it?
    • Gastines3
    • By Gastines3 17th May 17, 9:41 AM
    • 115 Posts
    • 48 Thanks
    Gastines3
    • #3
    • 17th May 17, 9:41 AM
    • #3
    • 17th May 17, 9:41 AM
    No. We want to give her the money to buy it but are trying to get a few ideas on budget first,totally in her name.
    • fairy lights
    • By fairy lights 17th May 17, 9:58 AM
    • 8,571 Posts
    • 28,510 Thanks
    fairy lights
    • #4
    • 17th May 17, 9:58 AM
    • #4
    • 17th May 17, 9:58 AM
    My wife and I would like to know if these half rent/half own on a mortgage properties,are possible to buy.
    Originally posted by Gastines3
    I'm not sure what you mean by this?
    Are you asking if it's possible to buy her housing association property on a shared ownership basis, rather than buy it outright?
    It's a bit weird that you're looking in to this without your daughters knowledge, surely it's up to her to decide if she wants to buy and do the research herself?
    • xylophone
    • By xylophone 17th May 17, 11:49 AM
    • 25,182 Posts
    • 14,832 Thanks
    xylophone
    • #5
    • 17th May 17, 11:49 AM
    • #5
    • 17th May 17, 11:49 AM
    https://www.peabodysales.co.uk/shared-ownership/buying-shares-in-your-shared-ownership-home/

    Is the above relevant to the case?
    • davidmcn
    • By davidmcn 17th May 17, 11:56 AM
    • 7,366 Posts
    • 7,424 Thanks
    davidmcn
    • #6
    • 17th May 17, 11:56 AM
    • #6
    • 17th May 17, 11:56 AM
    Are you saying she's currently in a 50% shared ownership house and you want to buy the other half for her?
    Originally posted by Penitent
    I think this is what the OP means.
    Whether the daughter is entitled to buy the other half depends on the agreement she signed with the HA. It would normally be at market value rather than a discount.
    • teddysmum
    • By teddysmum 17th May 17, 3:03 PM
    • 9,002 Posts
    • 5,360 Thanks
    teddysmum
    • #7
    • 17th May 17, 3:03 PM
    • #7
    • 17th May 17, 3:03 PM
    I think this is what the OP means.
    Whether the daughter is entitled to buy the other half depends on the agreement she signed with the HA. It would normally be at market value rather than a discount.
    Originally posted by davidmcn


    That would account for the OP buying the daughter a kitchen, as this would be unlikely in a 'straight' rented property.
    • Lioness Twinkletoes
    • By Lioness Twinkletoes 17th May 17, 6:22 PM
    • 1,266 Posts
    • 4,557 Thanks
    Lioness Twinkletoes
    • #8
    • 17th May 17, 6:22 PM
    • #8
    • 17th May 17, 6:22 PM
    Generally, HA properties have the right to acquire. Discounts are capped at 16k. Some do offer Shared Ownership deals as well.
    • Gastines3
    • By Gastines3 17th May 17, 8:11 PM
    • 115 Posts
    • 48 Thanks
    Gastines3
    • #9
    • 17th May 17, 8:11 PM
    • #9
    • 17th May 17, 8:11 PM
    It seems what I thought might be a straightforward,or fairly straightforward,query isn't, as I have obviously not put over the relevant points. A,Reason we ask is because she would never ask for a penny,so trying to find out any pitfalls before we broach the subject.B,We obviously can't/won't make any direct enquiries to the H.A. without her knowledge and C. We are almost sorry we asked the question. Goodnight.
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