Re: Renting a Home
Is he able to get a mortgage then and chose to rent instead? I rent privately but its certainly not by choice and I dont pay anywhere near as much as that. Maybe he has been refused a mortgage and has no choice, council properties are impossible to get unless you have a gaggle of children so sometimes private rental is the only way to go.Re: Renting a Home
We rent too but will be buying the house as soon as a couple of things have been sorted out financially. The shower is leaking and the flashing under a bedroom window has dropped and the landlord is sorting those.. the gas central heating is serviced at his cost too and we just pay the rent. We have a good deal and a lovely home and it suits us at the moment.Re: Renting a Home
People on low income cannot save for a deposit for a house and a mortgage company won't give people a mortgage one unless they have a very good salary. So this means that thousands of people have no choice but to rent. If they lose their jobs, at least they can't get their homes repossessed.Re: Renting a Home
My biggest gripe is the council house system. If you have a load of kids you can't afford they give you a house otherwise you have to struggle on your own. I think council houses should be available to all for a limited time say 5 years to give young people a start. Then they should either rent privately or buy. Council houses should never be a home for life just because you have kids. It is grossly unfair to those who don't want children at all or to those who have the foresight to plan to have children when they are financially able to support them.Re: Renting a Home
Think logic, saving for a deposit for a new home will help.Re: Renting a Home
Well, the house I live in was Council owned and my partner and I bought got a mortgage to buy back in 1983. The property with the Council was in my mum's name and we opted to buy the house, in her name.Re: Renting a Home
I think you did the right thing Mollie to buy a council house instead of paying rent. As the house had been your mother's I assume she would have lived in it for quite some time. When you bought it in her name the price of buying it would have been heavily discounted and far less than what it could have fetched on the open market. This is an advantage not everyone buying a home would have. You have now paid off the mortgage - which is an achievement, so have a secure roof over your head, free and clear of debt. If you had not bought it, you would still have to pay the rent for as long as you lived in the house and there would be no capital value for you from the house at all.
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