[Kizzy]

Originally Posted by Josy

No it definitely is possible, I know people that have done it and by reading this thread so do others here.

A house still gets passed down here, and if someone stays (or claims to) in the property for 6 months the house/tenancy can also be transferred to them even if the original tenant still stays there and then purchased.

And the article above states in bold that the NHF said the subsidy will cost tax payers £5.8bn

Ah yes the cost of renting elsewhere yes I get it now.
It's not possible in Leeds anymore.

'If you have taken over the tenancy following the death of the previous
tenant the tenancy does not go to someone else if you die. We may
agree to give them a new tenancy under our Letting Policy and allow
them to stay in the property but there is no automatic right to stay.
17 Introductory Tenants DO NOT have this right. You get this right if you become a secure tenant.
.8 If the tenancy passes to a member of your family and the home is bigger
than they need this is one of the grounds for possession. We will offer
them a suitable alternative property. If they do not accept that offer we
have the right to ask the Court to give us possession of the property.'

You have the right to pass your tenancy to another person (called an Assignment). Certain conditions apply to this right. Generally you can only pass your tenancy in this way to someone who would have the right to take over your tenancy if you died (succession). Please ask your Neighbourhood Housing Office for more details.

http://www.leeds.gov.uk/docs/Tenancy...Jan%202014.pdf

[Vicky.]

Originally Posted by Josy

I know someone that lived in an end of terrace, cottage type front and back door, front and back garden with driveway etc, the family lived in the house for 18 years (the person that bought it never but the housing thought otherwise) on the market the house is worth 95k, they got it for...£16k and it's now up for private let.

My friends mum when I was at school, bought hers for around 10k. God knows how as I havent looked into this right to buy thing properly but I *think* she had been there literally her whole life. She sold the house 2 years ago for near 200k Mind the area itself had a massive price rise too..I think it was worth about 100k when she bought it. Still a massive profit though. She bought another house outright and now has savings ... 190k profit in |10 years...

[rubymoo]

Originally Posted by Kizzy

They had 2 kitchens put in, was it Ed Miliband moving in?

I agree if they had family living with them they could raise the cash between them and avoid a mortgage, but in London? even with the full discount that would be a massive amount of money to raise. They would then have to sit on it for 2-3yrs.

Lol

Well spotted with the typo

[arista]

Originally Posted by Vicky.

My friends mum when I was at school, bought hers for around 10k. God knows how as I havent looked into this right to buy thing properly but I *think* she had been there literally her whole life. She sold the house 2 years ago for near 200k Mind the area itself had a massive price rise too..I think it was worth about 100k when she bought it. Still a massive profit though. She bought another house outright and now has savings ... 190k profit in |10 years...

Thats Fair Play
to Her.