Right To Buy Rules

Summary

The Right to Buy Scheme in the UK has specific rules, including being a secure tenant for at least 3 years and using the property as your main home. If an agreement was made within the first year of purchasing under the scheme, it might be considered a breach, especially if the property was transferred shortly after purchase. Consult a solicitor for detailed guidance.

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It is about the right to buy scheme rules in the UK
Hello ****,
The Right to Buy Scheme in the UK has some specific rules:
*. You must be a secure tenant of your council home.
*. You should have been a public sector tenant for at least 3 years.
*. The property must be your only or main home.
*. The property must not be due for demolition.
Remember, these rules can change. You should check the government's official website for the latest information.
My father had the full discount entitlenent on his property. His ex wife lent him * GBP to purchase it. She had a legal charge put in the property in her favour. He transferred through property to her in his will * weeks after the purchase of the property. The agreement was she lent him the money on the understanding he left her the house in his will. Are they allowed to enter into an agreement like this
Hello ****,
In the UK, it's generally legal to create such an agreement, known as a 'life interest trust'. However, the Right to Buy Scheme has certain restrictions:
*. If the property is sold within 5 years, some or all of the discount must be repaid.
*. If the property is sold within 10 years, the council has a 'right of first refusal' to buy it back.
Please consult a solicitor for detailed advice.
The entered into the agreement immediately
Hello ****,
If the agreement was made immediately and the property was transferred within the discount repayment period, it could be considered a breach of the Right to Buy rules. However, the specifics of the case are important. I suggest consulting a solicitor for advice.
It was transferred under the will * weeks after she lent him the money to buy it. It was not a gift.
Hello ****,
If the property was transferred under the will, it might not be considered a sale under the Right to Buy rules. However, the specifics of your case are important. Please seek advice from a solicitor.
She has stated that the whole reason this was done was because of her financial help. How is this not a breach, it states you are not allowed to enter into any agreement within the first year and that the discount would be repayable from the date they entered into the agreement
Hello ****,
If an agreement was made within the first year of purchasing under the Right to Buy Scheme, it might be considered a breach. However, this is a complex issue and requires a legal professional's advice. Please consult a solicitor for detailed guidance.