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Right to buy or move?

13 replies

chavtasticfirebanger · 20/05/2018 17:29

I'm asking for a friend who isn't happy where she lives.
She lives in a HA house and has the right to buy. There isn't a significant discount but the house price is lower than it would be if a private house was on the market. She has neighbours who are not awful but who are difficult in that they have kids who are always looking over, front or back depending where she is-the kids are let to do what they want and are up to allsorts on the park and streets, and have some behaviour problems. Lots of swearing, fighting, etc. She has boys herself and is nervous about them also becoming like that, so keeps them in or sends them to clubs/takes them to the park herself. However that is harder as they get older-they're 12. One side have parties and loads of people round, they are ok people but it is noisy and intrusive and every weekend. Another neighbour also overlooks them due to changing their garden. Basically she feels it isn't private and quiet, she struggles with her MH so this is difficult.
She wants to try and exchange for another HA from an estate (not rough but bad reputation) to a village. She has been doing this for two years. I said she should buy and then in time move somewhere nicer. She is unsure as she isn't very happy there. She could get support to move to a larger house due to health problems but this could take some time-well over a year.
She's a single mum with three kids and works in a minimum paid job.
What would you suggest she does? She cannot sell for 5 years after, which is a long time, but she will be paying rent anyway and I think the chance of someone wanting to swap from a village to a large council estate are small. If she buys she will have more options then.
Appreciate all suggestions.

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Cheeseislife · 20/05/2018 21:10

If she buys, she's then got to put up with bad neighbours for 5 years for fear of having a neighbour dispute which could make buyers back away... guess the rent is less than a mortgage? Assuming it's less/equal then I would think she's better off holding out for the exchange.

chavtasticfirebanger · 20/05/2018 21:42

Mortgage less than rent. And neighbours not perfect but could be much worse. They work but spend all weekend drinking. Friend has bipolar so struggles with people. Exchanges are like gold dust to a village-school catchment one reason. She could be waiting that long and in the meantime paid off a chunk. However she says she gets a sinking feeling coming home. The house is also too small and she has no bedroom-sofabed in the lounge.
I dont know. Its a long time to be unhappy but she also knows shes lucky to have a HA house with the chance to buy.

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Highfever · 20/05/2018 21:44

Will any house swap result in a new tenancy agreement that even allows buying. Most new tenancies don't.

chavtasticfirebanger · 20/05/2018 21:57

Depends on a case by case. She could lose years accumulated for right to buy and have to start 5 yrs again or get a new tenancy with no option.

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chavtasticfirebanger · 21/05/2018 07:21

Bumping for interest

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RedHelenB · 21/05/2018 17:27

If she's minimum wage she is unlikely to be able to afford to sell and buy in a nicer area so I'd carry on renting if I were her. Can she look at private rentals in a nicer area?

chavtasticfirebanger · 21/05/2018 17:31

She is looking at the moment. But private rents are much higher, double what she pays now.

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caorunngin · 21/05/2018 20:21

I exchanged my council flat and then bought under RTB - my discount was based on all the years living in the different council houses I've lived in, so I didn't lose the years accummulated in previous homes. Also when I exchanged I retained my RTB. This was all in council houses though, not HA.

It's worth putting in the RTB application so she knows where she stands, then she will have an actual valuation to work with and know exactly what discount she'd get. It doesn't cost anything to make the application and she can withdraw it at any time without any fees if it turns out it's not right for her.

GlitteryFluff · 21/05/2018 20:26

Watching with interest...

chavtasticfirebanger · 21/05/2018 21:20

She sought advice and it would be worth it financially. Its just the payoff between home ownership, or being somewhere nicer in rented.
She's considering what's best for the kids, thinking a village would be nicer and they could play out more etc.
But I said that there would be less security and if she bought she'd have more options when that 5 years was up.

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chavtasticfirebanger · 22/05/2018 11:47

Bump

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MessySurfaces · 22/05/2018 20:06

You mention she could get support to get somewhere bigger, which would take well over a year. Surely that's a better option that being stuck where she is for at least five years though?

chavtasticfirebanger · 22/05/2018 20:18

That is true, but she wouldnt be a homeowner and that years rent could go on a mortgage. But then be responsible for repairs. Its hard i want to help her but dont even know whats right

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