Right, finally got 10 mins to come on with an update. Been soooooo busy!!!
The guy at the council has given us extra points but we still don't have enough to be at the top of the list and get a house. So, he has told me that we are not to move on the 7th June. We are to ring the letting agents the week before and tell them we've got nowhere to go and they'll have to take us to court! I was mortified when he told me this! But he has assured me that it is common practice and the letting agents will be used to doing it, and probably expecting it. Once they take us to court and we have an eviction order, we are then classed as homeless and will go to the top of the list. Then the council will either house us (if there is something available), or they will move us into temprorary accomodation 2-3 days before the eviction notice is up. Not a very nice thing to do, but we have no choice.
Or do we????! This guy also mentioned a little-known government run scheme for people like us. Basically, for first-time buyers who can't afford to save a deposit and can't get a mortgage for a basic property in their area because it is out of their price range. This scheme will give you 25% of the property value. So to break it down, if we find a house for £120k, we only have to get a mortgage for £90k and the government will pay the £30k. We do not have to pay the 25% back, and we don't have to pay rent on it. The agreement is that if/when we ever sell this house and move, we pay back 25% of the current market value, whether this has gone up or down. And later on, if we wish to, we can buy the government out of the 25% so we own the whole house. Sounds too good to be true??? Yep, that's what I thought. But this is the scheme. I know it is the governments way of artificially inflating house prices, and ensuring that the market remains bouyant, but what the heck. It's a quarter of a house!! So we're joining the scheme and hopefully starting to look around for a house! Yippee!!! And even if it takes longer than the 7th June to complete (which it will), we now know that we don't have to leave the rented house yet!!
So, things aren't as bad as we first thought. I've just bought 2 massive rolls of bubble wrap and 6 rolls of packing tape, and got some boxes, so this weekend can be spent packing the stuff we don't need and shipping it to my mums until we move. Ooo, lucky me!!!
The guy at the council has given us extra points but we still don't have enough to be at the top of the list and get a house. So, he has told me that we are not to move on the 7th June. We are to ring the letting agents the week before and tell them we've got nowhere to go and they'll have to take us to court! I was mortified when he told me this! But he has assured me that it is common practice and the letting agents will be used to doing it, and probably expecting it. Once they take us to court and we have an eviction order, we are then classed as homeless and will go to the top of the list. Then the council will either house us (if there is something available), or they will move us into temprorary accomodation 2-3 days before the eviction notice is up. Not a very nice thing to do, but we have no choice.
Or do we????! This guy also mentioned a little-known government run scheme for people like us. Basically, for first-time buyers who can't afford to save a deposit and can't get a mortgage for a basic property in their area because it is out of their price range. This scheme will give you 25% of the property value. So to break it down, if we find a house for £120k, we only have to get a mortgage for £90k and the government will pay the £30k. We do not have to pay the 25% back, and we don't have to pay rent on it. The agreement is that if/when we ever sell this house and move, we pay back 25% of the current market value, whether this has gone up or down. And later on, if we wish to, we can buy the government out of the 25% so we own the whole house. Sounds too good to be true??? Yep, that's what I thought. But this is the scheme. I know it is the governments way of artificially inflating house prices, and ensuring that the market remains bouyant, but what the heck. It's a quarter of a house!! So we're joining the scheme and hopefully starting to look around for a house! Yippee!!! And even if it takes longer than the 7th June to complete (which it will), we now know that we don't have to leave the rented house yet!!
So, things aren't as bad as we first thought. I've just bought 2 massive rolls of bubble wrap and 6 rolls of packing tape, and got some boxes, so this weekend can be spent packing the stuff we don't need and shipping it to my mums until we move. Ooo, lucky me!!!