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Buying Council House

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cooljool | 22:41 Tue 09th Nov 2004 | Home & Garden
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Is it possible for someone other than the tenant to buy a council house, if the tenant cannot get a mortgage, could a relative buy the house for the tenant to live in?

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One of my friend's brothers, bought their Mum's Council house, even after they'd all left home. Their Mum still lives alone in it & she's 92!
I bought my mums council house and still managed to get a great discount aswell. You will need to prove that you have lived there though to qualify for the discount.
Is it not much the same as a normal mortgage in that it is the moneylender who actually retains title to the property until the borrowed amount is repaid?  Can`t see a problem if it`s a relative supplying the funding as long as the `life tenancy` is assured. I`m sure this has been done many times before but be sure to get legal advice.All sorts of inherintace rights and other issues may muddy the waters.

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Buying Council House

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