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  • FIRST POST
    • Silversmith67
    • By Silversmith67 20th Jun 18, 1:48 AM
    • 6Posts
    • 1Thanks
    Silversmith67
    Any advice on buying my council house
    • #1
    • 20th Jun 18, 1:48 AM
    Any advice on buying my council house 20th Jun 18 at 1:48 AM
    Hello Diane here
    First post ever (waving)
    Been in my council property 33 years
    Me and hubby pay full rent 400 a month
    We live in le11 area
    We have maintained our property been good tenets as the council had no money for a few years we put in a new kitchen and bathroom .
    And we have a disabled daughter now age 29 . We needed a wash wet room council had no money so we put in for a pot of money called the disabled facility grant and we put a few hundred to it back in 1990 .
    First question would I get much off terrified of owing big mortgage.
    Second because we have an adapted wet room can they refuse to sell it to us .
    And lastly has anyone bought there's are you glad you did ?
    Personally I am getting older and me and hubby both feelnbuying it would mean our daughter will never be on the street .
    Any mortgage advice welcome
    Blessed be
    Diane
Page 2
    • pinkshoes
    • By pinkshoes 23rd Jul 18, 1:40 PM
    • 15,896 Posts
    • 21,825 Thanks
    pinkshoes
    Probably need a mortgage of 70 000 I don't know were to start would you get a broker ?
    Love light Diane
    Originally posted by Silversmith67
    You can start googling online mortgage calculators.

    Borrowing 70,000 would be about 470 a month repayment over 15 years. Obviously the term you take it over will depend in your age.

    To borrow 70k, you will need to have an income of around 18k between you.

    Don't forget house maintenance and insurance can cost a LOT, so although you will own your house after 15 years, you will be responsible for repairs.

    400 a month rent!??!?! In Oxford that wouldn't even rent you a room in a horrible house!

    Personally I would carry on renting.
    Should've = Should HAVE (not 'of')
    Would've = Would HAVE (not 'of')

    No, I am not perfect, but yes I do judge people on their use of basic English language. If you didn't know the above, then learn it! (If English is your second language, then you are forgiven!)
    • Cakeguts
    • By Cakeguts 23rd Jul 18, 2:04 PM
    • 4,658 Posts
    • 6,717 Thanks
    Cakeguts
    You can't expect your other daughter to look after her sister when you are no longer here. That is not fair on either of them.



    You said that your disabled daughter doesn't like change? She would certainly get a change if the house she lives in now was sold and she had to move to somewhere chosen by her sister.



    Finding somewhere for your disabled daughter to live when you are no longer around is your job to do before you die not to leave until you are dead and she has to deal with the loss of her parents and her home all in one go.



    Now is the time to find somewhere permanent for your disabled daughter to live so that when you die her whole world doesn't fall apart. What is the supported housing for disabled people like in your area. You have also got to remember that your disabled daughter is entitled to her own life and to be able to leave home like your other daughter has.
    • Silversmith67
    • By Silversmith67 31st Jul 18, 12:33 AM
    • 6 Posts
    • 1 Thanks
    Silversmith67
    Why would I have to take out a mortgage for the full amount when I have 63 per cent off ?
    • Silversmith67
    • By Silversmith67 31st Jul 18, 12:51 AM
    • 6 Posts
    • 1 Thanks
    Silversmith67
    Old age
    My husband is 45 he will be lead on the mortgage. I want my daughter to have choices .
    She's thirty now she has mild cebral palsy can walk but is clumsy dispraxia and is autistic . I think now it would be wise if everything works out to move her to independent living over the next 10 years so I am thinking buy our home then down size to a smaller bungalow in a few years then eventually my daughter's will have inheritance and I know there will be a meet egg especially for my unwell child .we don't get Benifits so why pay full rent when we could buy . I hear what folk saying about repairs to be honest we have done most of them anyway so won't be alot of diffrence.
    Just a big scarey thing knowing how to start the mortgage ball I have filled in right to buy forms to ask can I buy and popping them in on Thursday. They then have eight weeks to give me their answer . We then have 12 weeks to find a mortgage and buy .
    • sevenhills
    • By sevenhills 31st Jul 18, 12:53 AM
    • 1,410 Posts
    • 523 Thanks
    sevenhills
    Why would I have to take out a mortgage for the full amount when I have 63 per cent off ?
    Originally posted by Silversmith67

    What surprised me, when I looked on the land registry details, it stated the sold price - as the discount price.

    • Silversmith67
    • By Silversmith67 31st Jul 18, 12:54 AM
    • 6 Posts
    • 1 Thanks
    Silversmith67
    My husband will be lead on mortgage he's 45 I am 50
    • Pixie5740
    • By Pixie5740 31st Jul 18, 5:54 AM
    • 12,659 Posts
    • 18,049 Thanks
    Pixie5740
    What surprised me, when I looked on the land registry details, it stated the sold price - as the discount price.
    Originally posted by sevenhills
    Why did that surprise you? That's the price you paid for the property so that's the sold price recorded.
    • Pixie5740
    • By Pixie5740 31st Jul 18, 5:56 AM
    • 12,659 Posts
    • 18,049 Thanks
    Pixie5740
    Why would I have to take out a mortgage for the full amount when I have 63 per cent off ?
    Originally posted by Silversmith67
    You wouldn't. Depending on the lender some will allow you to use the discount as your entire deposit whilst others will also want you to contribute to the deposit yourselves. A mortgage broker specialising in right to buy mortgages will help you select the right mortgage for you.
    • Silversmith67
    • By Silversmith67 6th Aug 18, 5:48 PM
    • 6 Posts
    • 1 Thanks
    Silversmith67
    Thank you so much everyone we went in today and gave in our right to buy forms asking if they will allow us to buy so we start our Journy excited and nervous in a mix of anticipation.
    From your advice I will begin to look for a broker who specialises in right to buy in my area .
    Blessed be all x
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