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10 Years Renting Still Not On The Market


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#1 djgilbo

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Posted 10 April 2012 - 01:29 AM

In the last few years of me renting its harder for me to save for a deposit and I now have 7 thousand pounds in my account but this still isnt enough for a deposit and why would i want to buy a house anyway thats £80 000 when its going to fall in years to come now house prices don't rise like they used too?
So ive been thinking and looking alternatively and was wonderin if anyone knows if i can buy my nans council house now the conservative party are helping people buy council propertys again. your views?

#2 erat_forte

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Posted 10 April 2012 - 08:05 AM

In the last few years of me renting its harder for me to save for a deposit and I now have 7 thousand pounds in my account but this still isnt enough for a deposit and why would i want to buy a house anyway thats £80 000 when its going to fall in years to come now house prices don't rise like they used too?
So ive been thinking and looking alternatively and was wonderin if anyone knows if i can buy my nans council house now the conservative party are helping people buy council propertys again. your views?


Why do you want to buy a house? Do whatever is in your best interests for the long term. It sounds like you are doing pretty well at the moment with that much saved.
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#3 trevor_1977

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Posted 10 April 2012 - 08:24 AM

I think you would probably have to live there for at least a year first and be on the rent book as a tenant .



How is your nan paying her rent now , is with her own money or through housing benefit as I am sure this would make a difference .

#4 djgilbo

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Posted 10 April 2012 - 09:38 AM

I think you would probably have to live there for at least a year first and be on the rent book as a tenant .



How is your nan paying her rent now , is with her own money or through housing benefit as I am sure this would make a difference .



My nan is 81 years old, been a council tenant for over 50 years and lived in the same house she in now for 30 years or more she a pensioner who dont pay rent no more i know i have to live with her for 12 months before i can buy the house in my name but doesnt mean ill get her discount as ill only been a council tenant for 1 year where as my nan is 50 years or more. can she buy the house with my name on it as im her grand son with same surname and bank lend me lets say £30 000 to buy the house does anyone know?

Think a trip to my bank and council office is what i need to do but i have a feeling my bank wont lend me the money if its not my house in my name yet i can be garantour which means its only me who will pay for the house so house is mine when my nan dies and i carry on paying the mortgage and move in etc. Need to do somethink im sick n tired wasting thousands of pounds every year on rent

#5 trevor_1977

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Posted 10 April 2012 - 10:20 AM

My nan is 81 years old, been a council tenant for over 50 years and lived in the same house she in now for 30 years or more she a pensioner who dont pay rent no more i know i have to live with her for 12 months before i can buy the house in my name but doesnt mean ill get her discount as ill only been a council tenant for 1 year where as my nan is 50 years or more. can she buy the house with my name on it as im her grand son with same surname and bank lend me lets say £30 000 to buy the house does anyone know?

Think a trip to my bank and council office is what i need to do but i have a feeling my bank wont lend me the money if its not my house in my name yet i can be garantour which means its only me who will pay for the house so house is mine when my nan dies and i carry on paying the mortgage and move in etc. Need to do somethink im sick n tired wasting thousands of pounds every year on rent





I would love to know what you find out as my mother will be in the same situation and I have good deposit to buy her house if it is within the rules .

#6 porca misèria

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Posted 10 April 2012 - 02:48 PM

Council houses (at big discounts). Just the latest form of unearned, inherited wealth for an overprivileged class.

#7 Son of Taeper

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Posted 10 April 2012 - 03:01 PM

In the last few years of me renting its harder for me to save for a deposit and I now have 7 thousand pounds in my account but this still isnt enough for a deposit and why would i want to buy a house anyway thats £80 000 when its going to fall in years to come now house prices don't rise like they used too?
So ive been thinking and looking alternatively and was wonderin if anyone knows if i can buy my nans council house now the conservative party are helping people buy council propertys again. your views?

I guess under your understanding and reasoning, that you think your grans property will fall in value as well.
I suggest you leave it for the more deserving because the way you come across to me is that you want to be seen as hard done by, but also would not mind turning a fast profit.
The views expressed in my posts are my own based upon what I read on other information supplied by other HPC members.
These should not be used a a definitive answer to any posts I attempt to answer.

#8 8 year itch

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Posted 10 April 2012 - 08:16 PM

Council houses (at big discounts). Just the latest form of unearned, inherited wealth for an overprivileged class.

Yet another where's my free lunch thread in this little MSE enclave of HPC.

Shame as it could be a useful resource if not for these threads

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No need to sell up, the next phase of the economics cycle is going to be very positive for anyone that owns property.

All I'm sayings is, don't listen to the property bears people, they are wrong.


#9 shifty_FTB

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Posted 10 April 2012 - 09:20 PM

My nan is 81 years old, been a council tenant for over 50 years and lived in the same house she in now for 30 years or more she a pensioner who dont pay rent no more i know i have to live with her for 12 months before i can buy the house in my name but doesnt mean ill get her discount as ill only been a council tenant for 1 year where as my nan is 50 years or more. can she buy the house with my name on it as im her grand son with same surname and bank lend me lets say £30 000 to buy the house does anyone know?

Think a trip to my bank and council office is what i need to do but i have a feeling my bank wont lend me the money if its not my house in my name yet i can be garantour which means its only me who will pay for the house so house is mine when my nan dies and i carry on paying the mortgage and move in etc. Need to do somethink im sick n tired wasting thousands of pounds every year on rent


surely it would be your nan who has to buy and not you, so she will have to have the cash or be able to get a mortgage, but getting a mortgage at 81 is impossible.

also it must be a shit hole if 30k is the discounted price

as its your nan who can buy surely the mortgage cannot be got in your name, so maybe a 30k loan from a bank with a high interest rate is the only way to go

plus the whole thing about you paying the mortgage and then the house being yours when she dies is unfair if she has other grandchildren, why should you gain a house that with thanks to your nan was bought for half its market value, for you to double your money instantly and other grand kids get zilch?

also u said she has no rent to pay so she hasnt to worry about affording rent and being evicted etc, so in fact she is very secure now. that would change if it was no longer a council property and had a mortgage on it, what would happen if say u lost your job, or god forbid died?

Edited by shifty_FTB, 10 April 2012 - 09:33 PM.


#10 djgilbo

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Posted 10 April 2012 - 09:52 PM

surely it would be your nan who has to buy and not you, so she will have to have the cash or be able to get a mortgage, but getting a mortgage at 81 is impossible.

also it must be a shit hole if 30k is the discounted price

as its your nan who can buy surely the mortgage cannot be got in your name, so maybe a 30k loan from a bank with a high interest rate is the only way to go

plus the whole thing about you paying the mortgage and then the house being yours when she dies is unfair if she has other grandchildren, why should you gain a house that with thanks to your nan was bought for half its market value, for you to double your money instantly and other grand kids get zilch?

also u said she has no rent to pay so she hasnt to worry about affording rent and being evicted etc, so in fact she is very secure now. that would change if it was no longer a council property and had a mortgage on it, what would happen if say u lost your job, or god forbid died?


more and more people are out of work than ever before and cant keep up with there repayments and as if you got the cheek to say all the above to me when im trying to find a way to get on the property market as a first time buyer? i sense a bit of jelousy. ps: im the only grand son.

#11 bargain_hunter

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Posted 10 April 2012 - 11:27 PM

I just DO NOT understand why some people here get so annoyed and become so hateful towards someone trying to buy a council house and try to sort out not only his life but possibly his future wife/children etc lives! you people say things like what did you do to earn it etc etc. But let me ask everyone here what did the people who have been winning the lotto jackpot for the last 20 odd years do to earn it - pick a few number? did they sweat for it? did they EARN it?

A lot of things in life is LUCK! what did everyone here do to EARN to live in a safe country, have electricity, warmth, hot water, clothing etc etc? I can answer for myself - I have not done ANYTHING to EARN this living compared to all those starving in Africa/Asia etc even here in London there are homeless people living on the street, I have just been LUCKY to be born in a family that loved me and cared for me and who did not kick me out of their lives so I end up homeless on the streets!

I plan to work HARD and SAVE and buy my home someday so my future children do not go through what I went through. A lot of people here only seem to care for themselves, maybe they do not want to settle down have children etc etc BUT EVERYONE TO THEIR OWN....I guess....

#12 AThirdWay

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Posted 11 April 2012 - 08:28 AM

Why do you want to buy a house? Do whatever is in your best interests for the long term. It sounds like you are doing pretty well at the moment with that much saved.


I know it sounds bad, but I have to say that saving £7k in 10 years doesn't sound to me like 'doing pretty well'.

OP, negative comments relate to 'the big picture', and should be ignored if you want to own a house. The wealthy few have shafted you I'm afraid, and if you've got a way to grab some wealth back, I suggest you grab it with both hands.

Edit: IF the rest of the family are agreeable, with regard to both your gran's children and possible future grandchildren.

Edited by AThirdWay, 11 April 2012 - 08:30 AM.


#13 Democorruptcy

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Posted 11 April 2012 - 10:58 AM

In the last few years of me renting its harder for me to save for a deposit and I now have 7 thousand pounds in my account but this still isnt enough for a deposit and why would i want to buy a house anyway thats £80 000 when its going to fall in years to come now house prices don't rise like they used too?
So ive been thinking and looking alternatively and was wonderin if anyone knows if i can buy my nans council house now the conservative party are helping people buy council propertys again. your views?


Would the house be in your nan's name or joint names?

What if she became ill and had very large care costs? Would she have to sell the house (or her share) to fund the costs?

Probably unlikely but what if she married again and left it to someone else or was duped into leaving it to someone else?
If you bought it now and she lived to a 100 can you afford the maintenance costs during the 19 year wait before it was yours alone?

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If you say "Democorruptcy" quickly, it sounds a bit like "Democracy". In a "Democracy" people vote for politicians who represent their interests. In the UK's "Democorruptcy" people can only vote for expense fiddling thieving MPs who are in the hip pocket of big business and the finance sector.

Governbankment
A "Governbankment" is a Government that has no line between itself and banks. It diverts public money (our taxes) to private companies (banks). George Osborne's Help to Buy Bail Banks, will see our taxes go to bankers to cover their losses on mortgages that default. The UK's Governbankment will even pay bankers "reasonable repossession fees" on Help to Bail Bank mortgages that default.

The Funding for Lending Scheme (FLS) is stealing from savers to make them pay for crimes by bankers. Via lower interest on savings, all the bank fines for PPI, LIBOR, interest rates swaps, etc. are being paid by savers so that bankers can keep pocketing bonuses. 

"We need to make a really big change: from an economy built on debt to an economy built on savings" - David Camoron Jan 2009
"Printing money is the last resort of desperate governments when all other policies have failed" - George Osborne Jan 2009
- So what do Camoron & Osborne do? Print money and leave interest rates at 0.5% when inflation is over 5%

If it is asserted that civilization is a real advance in the condition of man -- and I think that it is, though only the wise improve their advantages -- it must be shown that it has produced better dwellings without making them more costly; and the cost of a thing is the amount of what I will call life which is required to be exchanged for it, immediately or in the long run.
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#14 shifty_FTB

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Posted 12 April 2012 - 06:45 PM

more and more people are out of work than ever before and cant keep up with there repayments and as if you got the cheek to say all the above to me when im trying to find a way to get on the property market as a first time buyer? i sense a bit of jelousy. ps: im the only grand son.


why would i be jealous of people getting a clapped out house in a run down old ugly housing estate for a reduced price :blink:

all i said was that as its your nans home, so under right to buy she will need to get mortgage in her name (impossible at that age) or she can buy it outright.

plus i said that she is better in the situation she is in right now, free rent etc, rather than relying on you to have a job and pay the mortgage

#15 djgilbo

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Posted 22 April 2012 - 04:42 PM

Must be horrible for some people on here reading my topic feels like people want too attack me so therefore i sense jelousy. Maybe its because they buyed propertys in recent years worth £150 000 and now they only worth £120 000 and are in equity nequity. This is something i don't want to get into and house prices will never be the same again, bring on the CRASH!




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