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> Buying a house..., GRRRR
motormad
post Dec 23 2013, 09:47 AM
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I'm trying to buy a house unfortunately I can only get a mortgage for £129k.

(this is for a single application with a £10k deposit that I've saved up). My requirement is a 1 or 2 bedroom with a garage and driveway in a somewhat decent area. Houses that fit this bill are around £165k

I'm sure if I was with a fit young rich women I wouldn't have on issues but anyway. laugh.gif

I am looking at otherwise buying part-buy part rent scheme. As from what I believe you buy a % of the property and rent the remaining percentage from the council.
My worry is that the house would never be mine, and that the council could in effect boot me out by giving me my % cost back and thus leaving me without a home. I'm aware there would probably be notice periods for such like but I would not like to be in that situation anyway.

I'd also be worried that I couldn't modify the house, you know, lower it, some sick rims brap, some double glazing, maybe an extension, you know..

Does anyone have any experience with these sorts of schemes?
Cheers


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Posts in this topic
- motormad   Buying a house...   Dec 23 2013, 09:47 AM
- - On the edge   My niece lives in one, in Surrey. It was the only...   Dec 23 2013, 10:28 AM
- - Turin Machine   I applaud your probity good sir, I know that purc...   Dec 23 2013, 10:32 AM
- - motormad   OTE - A mate of mine has moved into a nice area o...   Dec 23 2013, 10:40 AM
- - Andy Capp   I think you are answering your own question. Part...   Dec 23 2013, 10:54 AM
- - motormad   The car is absolutely not up for discussion. It ow...   Dec 23 2013, 11:15 AM
|- - Andy Capp   QUOTE (motormad @ Dec 23 2013, 11:15 AM) ...   Dec 23 2013, 11:32 AM
- - Turin Machine   The rather obvious solution COULD be buy a flat an...   Dec 23 2013, 12:42 PM
|- - On the edge   QUOTE (Turin Machine @ Dec 23 2013, 12:42...   Dec 23 2013, 01:40 PM
|- - motormad   QUOTE (Turin Machine @ Dec 23 2013, 12:42...   Dec 23 2013, 04:04 PM
|- - Andy Capp   QUOTE (motormad @ Dec 23 2013, 04:04 PM) ...   Dec 23 2013, 04:23 PM
- - gel   This link may help: http://www.sovereignliving.or...   Dec 23 2013, 08:34 PM
- - spartacus   QUOTE (motormad @ Dec 23 2013, 10:40 AM) ...   Dec 23 2013, 08:35 PM
|- - HJD   QUOTE (spartacus @ Dec 23 2013, 08:35 PM)...   Dec 26 2013, 05:23 PM
|- - JeffG   QUOTE (HJD @ Dec 26 2013, 05:23 PM) lived...   Dec 26 2013, 07:18 PM
|- - On the edge   QUOTE (HJD @ Dec 26 2013, 05:23 PM) I was...   Dec 27 2013, 07:42 PM
- - gel   (I don't think WBC own ANY houses now do they?...   Dec 23 2013, 09:02 PM
- - Exhausted   Nothing very much has changed in terms of affordin...   Dec 23 2013, 10:06 PM
|- - motormad   QUOTE (Exhausted @ Dec 23 2013, 10:06 PM)...   Dec 24 2013, 09:40 AM
|- - Exhausted   QUOTE (motormad @ Dec 24 2013, 09:40 AM) ...   Dec 24 2013, 07:18 PM
- - On the edge   QUOTE (Exhausted @ Dec 23 2013, 10:06 PM)...   Dec 23 2013, 10:55 PM
- - motormad   I don't want it on a plate. Well, I do. But wh...   Dec 25 2013, 11:48 AM
|- - Exhausted   QUOTE (motormad @ Dec 25 2013, 11:48 AM) ...   Dec 25 2013, 08:14 PM
- - Strafin   What about a caravan?   Dec 26 2013, 01:27 PM
- - The Hatter   QUOTE (Strafin @ Dec 26 2013, 01:27 PM) W...   Dec 26 2013, 02:33 PM
- - Baffers100   My first home was a shared ownership property. We ...   Feb 18 2014, 03:39 PM
- - gel   And for the not so poor: http://www.express.co.uk...   Feb 18 2014, 05:17 PM
- - On the edge   Rather interesting that! Council housing didn...   Feb 18 2014, 05:33 PM
- - spartacus   QUOTE (motormad @ Dec 24 2013, 09:40 AM) ...   Feb 18 2014, 08:24 PM
|- - motormad   QUOTE (Baffers100 @ Feb 18 2014, 03:39 PM...   Feb 18 2014, 08:34 PM
|- - Claude   I sympathise with you and others in a similar situ...   Feb 19 2014, 08:52 AM
||- - On the edge   QUOTE (Claude @ Feb 19 2014, 08:52 AM) I ...   Feb 19 2014, 09:30 AM
|- - The Optimist   QUOTE (motormad @ Feb 18 2014, 09:34 PM) ...   Feb 20 2014, 07:54 PM
- - JeffG   We oldies were lucky to get in on the ground floor...   Feb 19 2014, 12:41 PM
- - On the edge   Quite, ours was a terrace in Reading for £9,100. ...   Feb 19 2014, 01:28 PM
- - Andy Capp   Housing policy since the 80 has been ruinous. Fin...   Feb 19 2014, 01:35 PM
- - On the edge   That's a great summary.   Feb 19 2014, 01:37 PM
- - spartacus   QUOTE (motormad @ Feb 18 2014, 08:34 PM) ...   Feb 19 2014, 04:08 PM
|- - MontyPython   QUOTE (spartacus @ Feb 19 2014, 04:08 PM)...   Feb 19 2014, 06:32 PM
- - spartacus   QUOTE (spartacus @ Feb 19 2014, 04:08 PM)...   Feb 19 2014, 04:45 PM
- - On the edge   Yes, that's pretty good advice. The defence w...   Feb 19 2014, 05:21 PM
- - NWNREADER   If you are 'only' qualified for a £129k mo...   Feb 19 2014, 06:41 PM
- - Turin Machine   I know, I just had to pay £185k for another place ...   Feb 19 2014, 11:23 PM
- - NWNREADER   No disrespect, but 'Buy to Rent' does not ...   Feb 20 2014, 10:07 AM
- - Strafin   I have said it before, and I will say it again, no...   Feb 20 2014, 10:15 AM
|- - nerc   QUOTE (Strafin @ Feb 20 2014, 10:15 AM) I...   Feb 20 2014, 11:04 AM
||- - Strafin   QUOTE (nerc @ Feb 20 2014, 11:04 AM) If p...   Feb 20 2014, 11:48 AM
|- - On the edge   QUOTE (Strafin @ Feb 20 2014, 10:15 AM) I...   Feb 20 2014, 02:09 PM
||- - Exhausted   QUOTE (On the edge @ Feb 20 2014, 02:09 P...   Feb 20 2014, 05:38 PM
||- - On the edge   QUOTE (Exhausted @ Feb 20 2014, 05:38 PM)...   Feb 20 2014, 06:05 PM
||- - NWNREADER   QUOTE (Exhausted @ Feb 20 2014, 05:38 PM)...   Feb 20 2014, 07:34 PM
||- - On the edge   QUOTE (NWNREADER @ Feb 20 2014, 07:34 PM)...   Feb 21 2014, 07:56 AM
|- - nerc   QUOTE (Strafin @ Feb 20 2014, 10:15 AM) I...   Feb 20 2014, 06:49 PM
||- - Strafin   QUOTE (nerc @ Feb 20 2014, 06:49 PM) Stra...   Feb 20 2014, 10:26 PM
||- - Biker1   QUOTE (Strafin @ Feb 20 2014, 11:26 PM) w...   Feb 21 2014, 06:20 AM
|- - Turin Machine   QUOTE (Strafin @ Feb 20 2014, 10:15 AM) I...   Feb 20 2014, 11:38 PM
- - Andy Capp   Buy to rent is understandable, and is likely to be...   Feb 20 2014, 01:19 PM
- - NWNREADER   The bottom line for the rental market seems to be ...   Feb 20 2014, 01:48 PM
- - badmummajamma   QUOTE (The Optimist @ Feb 20 2014, 07:54 ...   Feb 21 2014, 12:46 PM
|- - Andy Capp   QUOTE (badmummajamma @ Feb 21 2014, 12:46...   Feb 21 2014, 01:18 PM
- - motormad   You bumder. I had thought of that. But while it m...   Feb 21 2014, 02:21 PM
|- - JeffG   QUOTE (motormad @ Feb 21 2014, 02:21 PM) ...   Feb 21 2014, 10:46 PM
|- - motormad   QUOTE (JeffG @ Feb 21 2014, 10:46 PM) I...   Feb 23 2014, 11:27 PM
- - Strafin   Move back and don't tell anyone then!   Feb 22 2014, 12:35 AM
|- - x2lls   QUOTE (Strafin @ Feb 22 2014, 12:35 AM) M...   Feb 22 2014, 10:05 AM
||- - nerc   QUOTE (x2lls @ Feb 22 2014, 10:05 AM) Whi...   Feb 22 2014, 08:15 PM
||- - Strafin   QUOTE (nerc @ Feb 22 2014, 08:15 PM) He d...   Feb 22 2014, 11:12 PM
||- - JeffG   QUOTE (Strafin @ Feb 22 2014, 11:12 PM) I...   Feb 23 2014, 10:15 AM
||- - On the edge   QUOTE (Strafin @ Feb 22 2014, 11:12 PM) I...   Feb 23 2014, 02:12 PM
|- - JeffG   QUOTE (Strafin @ Feb 22 2014, 12:35 AM) M...   Feb 22 2014, 10:52 AM
- - Strafin   Whoa, not me no. I also don't turn left out of...   Feb 22 2014, 02:48 PM
|- - MontyPython   QUOTE (Strafin @ Feb 22 2014, 02:48 PM) W...   Feb 22 2014, 04:33 PM
- - JeffG   Of course not! Now I realise your user name is...   Feb 22 2014, 03:01 PM
- - Strafin   Ok, I made a mistake on the left and right thing...   Feb 22 2014, 05:17 PM
- - Nothing Much   This is probably horrid coming from someone who li...   Feb 22 2014, 08:53 PM
- - Strafin   I guess it depends on how much you have sitting ar...   Feb 23 2014, 10:29 AM
|- - NWNREADER   QUOTE (Strafin @ Feb 23 2014, 10:29 AM) I...   Feb 23 2014, 03:00 PM
- - JeffG   Agreed, I am not happy with people exploiting loop...   Feb 23 2014, 12:30 PM
|- - MontyPython   QUOTE (JeffG @ Feb 23 2014, 12:30 PM) Agr...   Feb 23 2014, 02:23 PM
|- - On the edge   QUOTE (MontyPython @ Feb 23 2014, 02:23 P...   Feb 23 2014, 03:57 PM
- - nerc   Where do you get the £2000 per month tax free figu...   Feb 24 2014, 06:03 AM
|- - x2lls   QUOTE (nerc @ Feb 24 2014, 06:03 AM) Wher...   Feb 24 2014, 06:11 AM
|- - Strafin   QUOTE (nerc @ Feb 24 2014, 06:03 AM) Wher...   Feb 24 2014, 08:19 AM
||- - x2lls   QUOTE (Strafin @ Feb 24 2014, 08:19 AM) I...   Feb 24 2014, 08:39 AM
|- - motormad   QUOTE (nerc @ Feb 24 2014, 06:03 AM) Wher...   Feb 24 2014, 09:56 AM
|- - nerc   QUOTE (motormad @ Feb 24 2014, 09:56 AM) ...   Feb 24 2014, 11:03 AM
|- - motormad   QUOTE (nerc @ Feb 24 2014, 11:03 AM) That...   Feb 24 2014, 11:41 AM
|- - Turin Machine   QUOTE (motormad @ Feb 24 2014, 11:41 AM) ...   Feb 24 2014, 02:22 PM
|- - motormad   QUOTE (Turin Machine @ Feb 24 2014, 02:22...   Feb 24 2014, 03:22 PM
|- - MontyPython   QUOTE (motormad @ Feb 24 2014, 03:22 PM) ...   Feb 24 2014, 04:01 PM
- - Turin Machine   I still don't quite understand where the whole...   Feb 24 2014, 09:26 AM
- - Strafin   There are plenty of people who own second houses a...   Feb 24 2014, 11:14 AM
|- - On the edge   QUOTE (Strafin @ Feb 24 2014, 11:14 AM) T...   Feb 24 2014, 02:38 PM
- - Nothing Much   Oh, if when I die I only have 80k in the bank not ...   Feb 24 2014, 02:41 PM
|- - On the edge   QUOTE (Nothing Much @ Feb 24 2014, 02:41 ...   Feb 24 2014, 04:32 PM
- - Nothing Much   We are a poor struggling community and know that y...   Feb 24 2014, 04:54 PM
- - Ruwan Uduwerage-Perera   QUOTE (Nothing Much @ Feb 24 2014, 04:54 ...   Feb 24 2014, 05:49 PM
- - NWNREADER   QUOTE (Ruwan Uduwerage-Perera @ Feb 24 2...   Feb 24 2014, 06:30 PM
- - Strafin   QUOTE (Ruwan Uduwerage-Perera @ Feb 24 2...   Feb 24 2014, 06:54 PM
- - Exhausted   QUOTE (Ruwan Uduwerage-Perera @ Feb 24 2...   Feb 24 2014, 08:38 PM
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