I wonder if anyone can assist me on this.
I have a client who is looking to purchase a council house under the right to buy scheme.
It’s this lady’s grandfather who is the lead party as far as the council are concerned. My client has lived at the property most of her life. She can buy with the help of a mortgage and all the usual rules apply that the house cannot be sold within 5 years otherwise a sum is payable to the council.
They will both be named as the owners. Im wondering what would happen should the grandfather need to go into care. I assume that he will own the “discount element of the value of the property” Is there anything that can be done to protect it ?
Many thank