I was not considering selling at present, but definitely in next few years. I might get a valuation and then make final decision on it. If I was to serve notice and put it on the market it would sell easily, probably with quite a lot of interest.Do you want to sell?
Can they raise a 380-ish mortgage? Do they have 40k deposit?
Would your tenant be thinking of the tenant in situ scheme? It is for those on HAP who are being evicted because their landlord is selling.I was not considering selling at present, but definitely in next few years. I might get a valuation and then make final decision on it. If I was to serve notice and put it on the market it would sell easily, probably with quite a lot of interest.
I dont know much of their finances as I had no reason to know it. Rent was paid and the place looked after. I am unsure if they coud get that much in a mortgage (many not on HAP could not) or if they could get a mortgage while on HAP.
Edit: Just to add, I have nothing against anyone on HAP. Maybe my real question or issue is how someone in receipt of housing benefit is looking to buy a property that would be out of reach for many couples.
Is the scheme supporting people that no longer require Housing support? In such cases, could the money be put to better use?
Could have inherited or even won on the lotto (I believe people do!)Maybe my real question or issue is how someone in receipt of housing benefit is looking to buy a property
No, clarified with them and its not the council or other party that would be buying.Would your tenant be thinking of the tenant in situ scheme? It is for those on HAP who are being evicted because their landlord is selling.
Of course that is possible. However, the tenants are from a low income country and an inheritance of a significant sum would be less likely.Could have inherited or even won on the lotto (I believe people do!)
You dont need to - Solicitor will ask for in due course as part of AML.If I take this further, I would of course require them to provide proof of funds or finance. I just don't want at this stage to be asking for this.
I just mean proof they can afford to buy it (ie loan approval) like any auctioneer would ask for. Not the source of any funds for AML, which I cannot ask for.You dont need to - Solicitor will ask for in due course as part of AML.
Yes, that's quite possible. However, someone needing assistance with rent really should not be able to save a deposit or greater to buy on account of not having to pay all their housing cost.Could it be possible that individuals on HAP get to save more every month than those earning more and not getting HAP when renting ?
Seriously?! You mean they should be forced to rent for the rest of their lives?should not be able to save a deposit
Please dont nit pick. The purpose of HAP is to support people with their housing needs. Of course they can get on in life, and fair play to those that do, but they should exit HAP at that point, not use it to fund a hefty house deposit.Seriously?! You mean they should be forced to rent for the rest of their lives?
Don’t overthink this.However, someone needing assistance with rent really should not be able to save a deposit or greater to buy on account of not having to pay all their housing cost.
They are exiting HAP - they are buying a house.they should exit HAP at that point
You are not going to get it.They are exiting HAP - they are buying a house.
One could also argue that my tax euros have been funding both your income & capital appreciation of your asset.
In any event, if you want to sell, sell.
Its no skin off your nose who buys it.
Some landlords must have very thin skin or very elevated paranoia to consider what @DannyBoyD posted to be anti-landlord sentiment!To be honest, what you posted above is akin to the typical anti landlord sentiment that is driving many to sell. Being blunt, it's inconsiderate and shallow. .
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