Quote:
Originally Posted by Livia
I know someone who bought his parents' council house. They were still covered under the rules that say they can't sell it for so long or they have to repay the equity, I think it was 3 years... but anyway, it is possible.
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True, but it does not even have to be a relative or even anyone remotely connected to the tenant or the property. There are many Property Companies who specialise in this - I could do it myself but don't agree with it.
There were numerous 'Right To Buy' tenants in the 1980's who were not interested in buying the property who 'sold' their 'Right To Buy' to specialist companies for a 'few grand upfront'. A system of 'Special' contracts are used to achieve this legally.