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Registered with Property118.com
Saturday 30th November 2019


Latest Comments

Total Number of Property118 Comments: 6

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20:40 PM, 15th December 2019
About A year ago

Right to buy council flat - is it a good idea?

Reply to the comment left by sam at 15/12/2019 - 16:36
Thanks Sam - sound advice! :)... Read More

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13:54 PM, 15th December 2019
About A year ago

Right to buy council flat - is it a good idea?

Reply to the comment left by sam at 15/12/2019 - 09:38
Thank you for this comment. You have looked at all angles and seem quite unbiased.

I have been a tax payer since I was 16. I am now in my 30s, I am well educated despite the hardships I grew up in and I am now an experienced special needs teacher. My husband has also worked very hard to own his own plumbing business - on the surface we should be able to afford to buy a home, 20 years ago we would have been middle class but with the state this country is in now - couples like myself who earn a decent income, still find it very difficult to get on the property ladder - R2B just seems like the only option.

It is a misconception that people living in Council homes are not working or paying taxes. I live amongst the most hardest working people I know. But we are like hamsters running so hard in a spinning wheel and not getting anywhere. We just need a break and a chance at owning assets so that our children do not have to struggle when they become adults.

The housing crisis is out of control and it does not seem to be getting any better. I have to take this risk or I fear we will be stuck in our 2 bed flat forever.... Read More

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21:45 PM, 7th December 2019
About A year ago

Right to buy council flat - is it a good idea?

Reply to the comment left by Puzzler at 07/12/2019 - 07:35
Hi, I double checked and the lifts are due updating and this is in the breakdown of service charges for the next 5 years. It’s not a lot at all.

It’s a well looked after estate and as I said it’s in an area of high demand. Private 2 bed flats go for 300k in my area. Estate agents have said there is high demand for flats in my block.

I’m gonna go for it, it’s the only way for us to get a foot on the ladder! 🙂

Thanks for your input.... Read More

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18:09 PM, 2nd December 2019
About A year ago

Right to buy council flat - is it a good idea?

I just double checked the paperwork and it works out with service charges and mortgage payments - we’ll be paying about £100-150 a month extra.

Also I have been told we will have the option of remortgaging to try and get a better rate within the 5 years.... Read More

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17:55 PM, 2nd December 2019
About A year ago

Right to buy council flat - is it a good idea?

Reply to the comment left by Simon M at 02/12/2019 - 17:29
The idea would be to release equity and buy somewhere else and let the rental income pay towards all bills and charges. This is something other owners in the block have done.... Read More