Right to Buy – equal rights for the disabled?Make Text Bigger
I am the carer for a friend who has had the right to buy confirmed on his council home, but this fell through last year because we couldn’t raise finance either in his own name or by me assisting him by having a joint mortgage or being a guarantor. He is on incapacity benefit (as was) and the council wouldn’t accept me on the mortgage as I was not on the right to buy.
Is anyone aware of how finance can be arranged?
As a last resort I am considering cashing my pension early, utilising the new rules for my 25% lump sum, which would be enough to purchase outright. This would entail getting a proper mortgage document drawn up to show intentions, so the discount is not reclaimed.
Can anyone advise, it seems the disabled are treated as second best, my friend can live with family for his support and rent out in the short term, and would keep it for 5 years ideally. For this I would expect a reasonable return.
Can anyone advise?
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