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  • FIRST POST
    • Kieran2001
    • By Kieran2001 8th Feb 18, 6:03 PM
    • 24Posts
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    Kieran2001
    Moving from Bought House to Long-Term Rented
    • #1
    • 8th Feb 18, 6:03 PM
    Moving from Bought House to Long-Term Rented 8th Feb 18 at 6:03 PM
    Hello,

    Me and my parents currently live in a 3 bed room house in a town on the outskirts of County Durham. We are planning to move to a 3 bed room rented house in the same town, which has a smaller footprint, as my parents donít want to deal with the possibility of anything going wrong in the house as my parent has a low income and has recently split from my other parents permanently after 25+ years.

    My parents have had a mortgage on the house for about 20 years, and the mortgage still has a few decades left and the price of the mortgage isnít going down, pretty much just paying the interest. My parent has received a 25% reduction as she is the the only adult living in the house.

    My parents concern is that if they move from mortgage to rented, they will have to pay council tax until the mortgaged house sells which could be 3-6 Months. Is there any additional reduction schemes she can use, as she is on low income and divorced? She is unable to pay 2 council taxes, however she also canít afford to pay for repairs if thereís faults in the house, such as a pipe bursting, two breaking etc.

    Thanks fo any advice, and let me know if you need any further information to assist me.
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