Right to buy

[ettelloc]

Does anybody know much about this scheme? My friends mum lived in a council property and has done for most of her life. SHe has recently been diagnosed with cancer and been told she has around 12 months to live. My friend has moved back in wth he mum to care for her which has not yet been declared to the housing association but my friend doesnt like the thought of anyone living in "her mums house" after she has gone. Ive done some research and as far as I can work out if my frined wants to buy the house with/for her mu she would have to be a tenant for 12 months. Is this right? is there any other way they could do this? I suggested a loan but my friends salary isnt huge so may not be possible. Any information anyone has would be appreciated. Thanks

[bednobs]

i cant see how she would buy a house without a loan unless she has the money saved up? How will she be able to buy it with the mum? I think it's incredibly unlikely a person with a terminal illness will get a mortgage.
TBH she might just have to "get over it". the house is not her mums, it belongs to the council. The council are unlikely to chuck the mum out are they?

[bednobs]

ps people are having to do this sort of thing everyday - sell their childhood/family home because the parents have died

[ummmm]

Will she even get a mortgage? If her earnings are not huge then it's very unlikely. She'll just have to get used to the idea...

[ettelloc]

My friend mums wouldnt get a mortgage because of a) her income and b) her illness so myfrined wanted to do a joint mortgage with her. As my friends is not a named tenant she does not have the right to buy the property. I know legally the house is not her mums but to her and all the family it is and always has been. The council would be hearless to "chuck her mum out " as you put it but this is not likely as she only has around a year to live. When the time comes my friend wants to keep the house as her own. I understand people do this everyday however my frind doesnt want this to happen so is looing to prevent it from happening. Hence my question on what they could do.

[factor-fiction]

I'm not clear who would pay the mortgage- unless the idea is to buy it (using short term loans) and then sell it after 12 months

[bednobs]

i am also confused. If the mum wouldn't get a mortgage and your friend can't even get a loan, how would she buy it?

[Jan1957]

Yes, your friend needs to have been a tenant for at least 12 months to be entitled to a right to buy.

[ettelloc]

My friend would pay the mortgage but the would both be named on the mortgage (if they could get one).

[bednobs]

but you have stated that the mum wouldn't be able to get one because she has a terminal illness and not much income. Am i just not getting something here?

[marval]

Have a look at this, also your friend might like to ask Citizens Advice for information.

http://www.direct.gov...ingSchemes/DG_4001398

[ummmm]

Don't mean to sound heartless...but it sounds like your friend is just trying to get a house on the cheap.

[maclarencat]

Is the mother receiving housing benefit because if she is I believe this affects the right to buy. I think you have to be paying full rent to qualify. The only way for them to find out is to ask the relevent council. Why havent they declared it to the housing authority?

[bednobs]

hello again. It sounds, from the info provided in the link, that there is no way of your friend doing this, unless the mum outlives the estimate by a long way. When the mum dies, the daughter will have to get a mortgage on her own anyway if they did as you suggest and get a joint mortgage now

[ettelloc]

bednobs it would be a joint mortgage or if needs be my friend may need to do it on her own. I asked if anyone knew much about the scheme and I dont think you do as you just seem to be posting pointless comments. Im unsure of their options if any so wanted to find out more. I said a loan may not be possible as at this stage I am just asking a question.
Jan thanks for your answer.

[marval]

He doesn't like the thought of someone living in his Mum's house after she has gone, it is not his Mum's house it belongs to the council. Who lives in it is not his problem. Why doesn't he ask the council what can be done?

[bednobs]

ok, Got you.

[maclarencat]

Of course your friend could apply to be a joint tenent then when Mum passes away she could continue living there and when she has been a tenant long enough apply to buy.

[ettelloc]

thanks nudgescuffler but it does sound heartless. If they did get a joint mortgage mum would be removed from the mortgage making it a single mortgage. Thanks for the link Marvel I'll take a look.

[ettelloc]

ooops I have no idea why it says nudgescuffler. should say ummmmm

[micmak]

Why not ask the council if they can be joint tenants. Then when the worse does happen your friend will still get to live in the house. Then further down the line he/she could apply to buy it.