And another thing... - Page 2

Tinkerbelle · 31-01-2005, 18:38

Sounds like another win win situation on HBC part to me willow. HBC still get there rent money AND tenants/owners still to pay for any repairs.

slinky · 31-01-2005, 18:39

I hear what your saying willow but my point is if you are on housing benifit then it is the social that pay your rent, so if it was made into a mortgage then it would be social paying your mortgage, there for how can the tenant sell the house and gain half the money because by rights the house would belong to the social security then, this was point in the first place. No not a bad idea if all council tenants were working, which brings me back to the first question i asked '' what would happen to the tenaNts that was on social benifits??'' IF THIS DOES'NT MAKE SENCE THIS TIME I AM QUITTING THE ARGUMENT LOL

Tinkerbelle · 31-01-2005, 18:41

It makes perfect sense Slinky!!

WillowTheWhisp · 31-01-2005, 18:44

I may be wrong about this and if there's anyone out there on benefit who has a mortgage they'll know more about it than I do but if someone already has a mortgage and they subsequently end up on benefit don't they get the mortgage paid for them after a set period (six months I think)?

WillowTheWhisp · 31-01-2005, 18:45

I still don't think it's a workable idea from the point of view of someone on benefit though for the reasons regarding paying for repairs.

Tinkerbelle · 31-01-2005, 18:47

I don't know for sure but i think it is just the interest

Quote:

Originally Posted by WillowTheWhisp

I may be wrong about this and if there's anyone out there on benefit who has a mortgage they'll know more about it than I do but if someone already has a mortgage and they subsequently end up on benefit don't they get the mortgage paid for them after a set period (six months I think)?

slinky · 31-01-2005, 18:49

Yes i can see your point about the people who have got a mortgage then unfortunatly end up on benifits but it does'nt work the other way round!! I f you went to a mortgage lender and said '' hello mr money bags!! please will you give me a mortgage for 50thousand pound so i can buy my council house?? OH by the way I am housind benifit and they will pay my mortgage cos they are good like that!!'' he would kick you out the door for wasting time

slinky · 31-01-2005, 18:50

TINKS you are right it is the interest they pay having just purchased my property i am still fresh with the deeds.

Tinkerbelle · 31-01-2005, 18:51

Yes paying for repairs would be impossible for them. But in the case of an 18 year old single mother who is going to pay the mortgage and who would the house belong too if the social payed the mortgage? And why also should she be able to sell for profit when people that aren't on benefit work to pay theirs.

Quote:

Originally Posted by WillowTheWhisp

I still don't think it's a workable idea from the point of view of someone on benefit though for the reasons regarding paying for repairs.

simon · 31-01-2005, 18:58

If you can not get a mortgage for one reason. then your rent is being paid by some means

. If the council wanted they could use that payment method to pay your mortgage payments..

slinky · 31-01-2005, 19:00

ok so AGAIN who owns the house then??

Tinkerbelle · 31-01-2005, 19:01

BUT who would the house belong too???

Quote:

Originally Posted by simon

If you can not get a mortgage for one reason. then your rent is being paid by some means

. If the council wanted they could use that payment method to pay your mortgage payments..

janet · 31-01-2005, 19:21

I have heard that if you are on the high rate of DLA then you can get a mortgage to buy your house. But it's off the people who post the cards through your door.( buy your council house.)Not too sure if it's legal or not. Have you heard about it A-B.

simon · 31-01-2005, 19:40

Good question.... have not thought that far ahead yet... but thinking on it ....

Margaret Pilkington · 31-01-2005, 20:19

What about Local Credit Unions, they offer loans, I'm not sure about mortgages to people on low income and their interest is only 1%.