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buy a home,keep renting or get a council house what to do?

22 replies

Mitsi10 · 15/01/2014 09:26

I've moved into to a private rented house on sat I love the fact I'm standing on my own two feet and the house is where I want but I'm not quite exatly happy with it don't get me wrong its a nice house with potential think its the hearing that's more bothering me as place never feels warm unlike my Mums
Been told boiler is 10yr old with a rating of 80% I'm thinking of sticking with it just now see how the bills are due to heating being on constant but dont know if getting a morgage for one of these new homes is better stay put or get the council to give me something
Im a single parent work part time any helpfull ideas or advice welcome

OP posts:
flatmum · 15/01/2014 09:30

don't get a council house - stand on your own 2 feet. If you want a better boiler, buy a house where you can control it.

Alwayscheerful · 15/01/2014 09:32

Presumably you have signed up for 6 month or 12 month tenancy.

If the property has been empty for some time it may take a week or so to heat up the core of the building.

Have you looked at the EPC?

Not sure that the council will "give you something" now you are housed.

Will you be able to obtain a mortgage working part-time? What sort of deposit do you have?

flatmum · 15/01/2014 09:37

Also - have you:

Paid for the boiler to be serviced?
Bled all the radiators and rebalanced them?
Insulated the windows and doors?
Bought electric heaters for rooms that are particularly cold?

We did this for the privately rented house we lived in for 5 years that had no double-glazing, ancient boiler that wasn't even rated, no central heating in one bedroom and mould, while we worked and saved up to buy a modern family home which is toasty warm.

Sometimes life isn't ideal and you have to put up with things for awhile to get where you want to be.

Mitsi10 · 15/01/2014 09:40

Lease is signed for a year just now put down a £100 when I seen it then £500 last Fri including one months rent up front I'm waiting on the letting agents to find out if the house has been insulated as I can get that done for free if its not
Last thing I want to do is move back home and council told me I would get more points and pushed up the list if I'm in a sub let
No idea how much I would get could always ask

OP posts:
Jaffacakesallround · 15/01/2014 09:43

It should be down to the landlord to arrange the insulation, although you could do this through the letting agents. It sounds very cheap if the £500 you paid includes a month's rent in advance...is it only £250 a month?

Or £500 a month?

Regarding a mortgage, you are likely to be loaned around 3-4 times your income ( varies a lot though) and now with the help to buy scheme you only need a 10% deposit.

Where does that place you with your earnings?

flatmum · 15/01/2014 09:45

That's for primary cavity wall insulation. You will have to do the secondary insulation yourself - i.e but thick curtains up in winter, draught excluders at the door, seal any cracks in the window frames (you could possibly get the landlord to do this).

Have you also checked that everything has been switched on fully? Sometimes landlords keep the heating down to a minimum while they are waiting for tenants (as they have to pay for it themselves during this period while the property is empty) - have you checked that the radiators are fully open or the thermostats are set high enough?

I think you are doing well renting your own place - I think you should put the effort in to make it into a nice home for you and your child.

Mitsi10 · 15/01/2014 09:52

It's actually 550 a month council pay half I pay the rest about 250
It's a end house with laminate throughout making me think that could also be why its cold heatings been turned up on boiler as there is no thermostat due to the boiler not being the original part of the house
As I work part time I only get 211 a fornight plus my tax credits

OP posts:
Graceparkhill · 15/01/2014 09:59

I think if you can get a council tenancy in an area you are happy with then that means you are secure for life( as long as you pay your rent of course)

Private renting can have a positive side ( flexibility and choice)but ultimately it is insecure.

I would only consider house purchase if you are certain of your current and future finances. Defaulting on a mortgage will ultimately lead to repossession and your credit rating being shot to pieces

You should speak to an Independent Financial Adviser about what you might be able to afford.

Mitsi10 · 15/01/2014 10:09

Yeah will make a appointment to enquire about that way I know also no idea if my job is safe won't know untill end of Feb on that

OP posts:
Dontletthemgetyoudown · 15/01/2014 10:28

Without meaning to be rude, its highly unlikely you will get a mortgage on your earnings? Depending on where you are in the country I'd guess your salary needs to be significantly higher.

With regards to the council you need to check with them how easy it would be to get a council/housing association home. I know from experience that in Wokingham its highly unlikely unless you are placed in emergency b&b accommodation and found to be faultless, i.e. no rent or council tax arrears that they would ever be able to provide any housing. However a friend who lives in the Newcastle area, sold a house that they could no longer afford and were able to let a lovely 3 bedroom council house which they moved into after completion of the sale of the house. So it really depends on the housing stock available near you.

If you haven't moved into your private let yet now is the time to negotiate and get things fixed. Its inevitable that things will go wrong and you discover them whilst you live there, but if you have a decent landlord they will ensure that things are fixed in a timely order. I rent and my landlady has British gas cover which covers electrics so anything goes wrong and I can just give BG a call and they come out and deal directly unless its a fault not covered and needs paying for, then they ring the landlady to agree costs and send her the invoice.

Renting isn't all bad, I live in a high cost area, I've lived here for a long time and when I was married owned our own home, now divorced with 4dc even working full time in a well paid job, I can not afford a mortgage for the size of place that I would need, so saving my divorce settlement and anything extra to put away to hopefully buy a small 2 bed place once the dc have left home, assuming that I will still be earning the same amount.

Renting can have advantages especially on a low income as it means essential household repairs are paid for by someone else. If I had brought a house and my boiler needed replacing its unlikely I would have the £1000 plus needed to replace it. So I'd say above all else a good landlord is essential, research your landlord, ask questions such as do they have boiler/gas/electric cover, why did the last people move out, time scales for repairs etc. Remember a good tenant and landlord relationship is essential, if you show that you are treating the property as home and take care, keep it clean and decorated, in return they will show you the respect you deserve, treat the property like a dump, never clean, trash the garden etc. they rightly will get cross and perhaps not be so helpful and want you to leave.

Jaffacakesallround · 15/01/2014 11:00

It is almost going to be impossible to buy/ have a mortgage on earnings of around £100 a week. You would need an income of around £25-£30K almost anywhere in the UK to even begin to think about buying.

I don't know your circumstances but turning the whole thing on its head, have you any longer term plans to increase you income though training for other work, once your DC is older?

Mitsi10 · 15/01/2014 12:24

Considering a college course plus ill go full time work once she's in high school
The house is in good nick few repairs which are getting done tomorrow
Live in Scotland and been on a housing list for a council house since I was 16 now 30 works as a points system cause I was still at home they did nothing as they see it we had a bedroom so my points weren't much
Now I'm out they add more points cause I'm in a subet it will be a waiting game to see what happens

As it looks the possibility of a morgage looks like its not going to happen

OP posts:
Jaffacakesallround · 15/01/2014 12:28

I think you said on another thread she was 10- so there is no reason why you can't get your career started, work full time so you can earn enough to rent somewhere nicer, and maybe save a bit for a deposit for a house in time.

Mitsi10 · 15/01/2014 12:42

True also this is my first move so finding a lot of things wrong lol think once the rest of my stuff sorted like paying my first bills might be better then

Need to wait to see if jobs safe first before I start putting money by x

OP posts:
Jaffacakesallround · 15/01/2014 12:54

You sound as if you have got your head screwed on so am sure you will make a success of it all x

Graceparkhill · 15/01/2014 15:24

If you are in Scotland then the local authority has a duty to you under homelessness legislation. You can register up to 2 months before actually leaving/ losing your accommodation. The local authority has as duty to provide temporary accommodation and then permanent accommodation ( housing association or council tenancy)

greenfolder · 15/01/2014 16:14

I guess the answer is keep your options open. Which you are doing. Good luck with the house

Jaffacakesallround · 15/01/2014 18:44

But Grace isn't there a moral issue about relying on benefit ( paid by taxes) if you can support yourself?

Chunderella · 18/01/2014 10:59

This reply has been deleted

Message withdrawn at poster's request.

bishboschone · 18/01/2014 11:03

Is having a council house a choice ? I thought it was an absolute last resort ..

Chunderella · 18/01/2014 11:17

This reply has been deleted

Message withdrawn at poster's request.

Graceparkhill · 18/01/2014 13:21

I think good quality social renting is often a very good option for people on low/ moderate / uncertain /incomes.

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