nova_gteuk
Member
Registered: 15th May 02
Location: South Wales Drives: The Bandwagon
User status: Offline
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Just wondering does anyone here rent a house of your local authority?
Ive just applyed for a house,rent is £55 a week,with water rates at £5 a week.
Because theres no way i could save up for a deposit,i was thinking of renting a council house for two years,then you have the right to buy it with a 20% discount,works out a lot cheaper in my area cheapest houses where i live is about 130k,so im thinking it will be easier like this?
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Russ
Member
Registered: 14th Mar 04
Location: Armchair
User status: Offline
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will be easier depending on where the council put you, you could always buy it off the council after a few years and rent it out?
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p4uls corsa
Member
Registered: 2nd May 05
Location: BRADFORD
User status: Offline
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my mother in law bought her house 2 years ago off the council,it was valued at 280k and she bought it off the council for 130k it was different then with the council they would give you the discount on how many years you had been a council tennant,i think its a good idea to help you on to the property ladder and you already have equity in the house.
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Ally
Member
Registered: 2nd Jul 03
Location: Pontypool Drives: a Skoda
User status: Offline
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South Wales...
I used to live in Gwent, i registered for council housing in about September 2004, i got the 'homefinder' flyer every friday, applied most weeks, 18 months on and i was never sucessful on any of my applications
Majority of successful applicants had been registered 2 years+
Personally i wouldnt do it now i have bought on my own, save for a deposit ad work your ass off for your own place
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