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Right To Buy Valuation Forum Mumsnet, As independent, The right to buy scheme helps eligible council and housing association residents in England buy their home with a discount of up to £38,000 or 70% of the total value of your home, I find it difficult to get a mortgage with my income at the moment and I've got 2 months left on my offer to buy the council flat. We did appeal against the council's valuation, which slowed down the process a little, but it knocked a decent amount off the price. The good news is that the discount counts as deposit, so you will be offered good rates by the banks who do RTB (of To be honest I found the help to buy policy worse. My Buying your home through Right to Buy? Our RICS valuation reports provide an independent market value, meeting council and housing association requirements. What discount could you get? Discount levels for houses and flats start at 3 years of eligible tenancy, increasing to a maximum of 70% of FTB here, I've just got my homebuyers report back - the surveyor valued the property £10k less than the purchase price we have agreed, would this conc We are about to downsize, but still need a mortgage to cover the purchase price. Had an estate agent valuation, it’s way below w We recently applied to buy our flat from the council under Right to Buy (RTB) and the valuation came through today. (Assuming nothing much has changed) Initially they had a valuer come out to inspect Just this really. Currently valued around £166,500 and we should get a discount of £86,400. we put an application in The right to buy exacerbated the extreme shortage of affordable housing to rent, so newer tenants do not have it at all w/housing association. Eg if the value of the house is 100k, the discount is 8k and you have 2k, you're borrowing 90% LTV. If you don't ask them to right a report then usually, they'll have a look and reassure you for 50GBP. The flat is currently rented In the process of buying a ground floor flat in London, however there is a communal drying line right outside the bedroom window which appears to be used and compounds the light into 3. The valuation agent came to inspect my flat I disagree with my Right to Buy valuation, is a re-valuation from HMRC a wise decision? I am looking to buy my house in the outskirts of London/Dartford. Hello! Anyone done the help to buy in London?? Basically we have 30k saved - want to stay in our area - property prices are crazy (London) we are l Your right to buy your council home - including how to apply, who is eligible, discounts available and where to get help and advice. I currently am entitled to the right to acquire. Depending on your mothers age she may not be eligle for a mortgage anyway. Your right to buy your council home - including how to apply, who is eligible, discounts available and where to get help and advice. Hi, I would very much welcome some advice. We now need to move Quick one. If homebuilders think they can get £150k for a house, but the government is handing people My Nanna (aged 85) is currently in a council home and has been for many years, she has the right to buy the house for approx 40% discount under the government scheme as maximum is £87,200 (we In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. We appealed it and the lender sent a surveyor round for a visit - low and behold the valuation came back Right to Acquire Valuation alot more than expected! lilsweetie Posts: 100 Forumite 26 February 2017 at 10:05PM Hi all Wonder if you could give me advice. Noe there are now rules around buying your Council House when you have a high This info does not constitute financial advice, always do your own research on top to ensure it's right for your specific circumstances and remember we focus on rates not service. My partner and i recently got our right to buy valuation here in Leeds. It was a wreck. Currently in the last stages of my RTB and my mortgage company has just done the valuation on my property. With the assistance of skilled residential surveyors Hello, New to the forum Hope someone can help me I recently applied to buy my 1 bedroom flat from the council under Right to Buy scheme and the valuation came through a few days She lives in a HA house and has the right to buy. The incorrect valuation added 9 months delay as needed to wait for the district valued, the council refuse to acknowledge that they incorrectly valued the house despite changing This info does not constitute financial advice, always do your own research on top to ensure it's right for your specific circumstances and remember we focus on rates not service. Bought in 2015 for 410k. Encouraging first time buyers to buy expensive houses on new build estates that they just could not afford without a large loan from Hi all, Wondered if anyone had had a similar experience, we are in the process of buying our house from the council under the right to buy scheme. There isn't a significant discount but the house price is lower than it would be if a private house was on the market. i agree that people in social housing should somehow be able to get a foot on the housing ladder, but social housing needs to be freed up A Right to Buy valuation is a comprehensive assessment that takes into account various factors to determine the fair market value of the property. I applied in 2022 and it was valued at £410k by the Hi, I have been given a RTB valuation by my local council,however, I've been told if I don't agree with this valuation, I can have it valued by the district valuer, but if he values it up, ie Hi all new to the sub! Looking at buying our council house in north London. I recently applied to buy my 1 bedroom flat from the council under Right to Buy scheme and the valuation came through a few days ago. Can I appeal the valuation as I think the independent valuer has valued the property too high and how do I go about it Your right to buy your council home - including how to apply, who is eligible, discounts available and where to get help and advice. PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters . SE London zone 5. K. She's considering requesting a visit from the district valuer because her bank has valued the flat at £15,000 We just got our RTB valuation and according to my internet research and three estate agents it's about £30k too high. If you are thinking of applying for your Right to Buy, you should get independent legal and financial advice about your individual circumstances, The valuation of your property is based on the market value at the date of your application, disregarding any improvements you have made. Having bought our council house in October '06', we had it valued at £145,500, with no major council improvements (no double glazing, old boiler/central heating), we thought at the time If you google Right to Buy mortgages it will tell you who does them. I’m not sure that I bought my council property about 6months ago, under the right to buy scheme. We have done a back to brick renovation - structural work, changed layout, all new A Right To Buy Valuation from an independent RICS Registered Valuer allows you to check if the Landlord’s valuation is a fair and accurate one. Terrace. whycantitbecalm · 05/02/2023 12:40 Quick question, do the valuations need to be the ones where they come inside your house? Do i need to start tidying the teens best ok so right now? Considering the Right to Buy scheme in London? This guide explains the property valuation process, key factors affecting pricing, and the role of qualified When you carry out a right to buy valuation, it’s more than just a quick look at the property. It’s very involved and is designed to give you an accurate price for the property. So we haven’t much experience of this! We’ve had two agents value - one has looked around and Just that really - I'm going to be putting my home on the market soon, and hoping to find something to buy too. I have just received my valuation for my right to buy. I have been living in a council house for the past 3 I previously had a huge right to buy discount on my very lovely council house, but lost it when I had to move into a refuge. We didn't need a mortgage so not sure about that Right to Buy, Help to Buy, Shared Equity, Shared Ownership etc are all forms of this. Mumsnet makes parents' lives easier by pooling knowledge, advice and support on everything from conception to childbirth, from babies to teenagers. Boris Johnson mulls a new Right to Buy scheme as Can anyone advise me if a valuation on a right to buy property can be done and if you’re not in a position to continue at that time you can try again a year or two after?or if it’s a one I disagree with my Right to Buy valuation, is a re-valuation from HMRC a wise decision? I am looking to buy my house in the outskirts of London/Dartford. (currently rented out) to buy here. I think it's a slap in the face for all those private renters who cannot afford to buy a home, and just a horrible idea. flipent · 14/11/2023 16:12 You're right, it isn't fair. the right to buy thing is just all so wrong. Total mortgage facility is approx 20% of purchase price, though we ac If you plan to Staircase (buy more shares) you have to pay for a valuation, your legal fees and the fees of the housing association. However, we have Hi everyone! We are having our house valued and hopefully put on the market this week! Any tips/ advice? thanks! As in, buying under right to buy? If so 2 family members have bought theirs in the last decade. A friend of mine from work, who is the daughter of someone in the council that does the right to buy valuations suggested that I should apply for my current property. Quick one. When it comes to valuing a property under the Right I imagine this discussion would have been done before but can't find anything recently when doing a search. Do they give us a price based on current market prices? Fully After waitng a year from enquiry to council to finally being given a price for my property I am now in the need to get a mortgage. If the initial RTB valuation comes in and is comprised based on the last sale price of a property that has been termed 'freehold' in the same area, is that a fair At the time of my Application the Council valued my house considerably below £130,000. So it can cost a few 1000 each time. My colleague is in Housing Association property with reduced Has anyone disputed their council house valuation during the right to by process? Our council house has been valued at almost £15,000 more than 5 years ago. Could anyone explain how I even begin to work out what his share would be? In very simple terms?! I know I'd need to get the house valued, then, work out the difference between Hi just wanted some advice, I have applied for Right to Buy and been given a valuation of £415,000. Unlike "Right to Buy" (which offers huge discounts, up to 70% off the market price of homes), "Help to Buy" doesn't give discounts and the homes that qualify for Help to Buy are not We live overseas and are considering selling our house in the U. What Is ‘Right to Buy’? Right Comprehensive Right to Buy guide covering eligibility, discounts, application process, costs, restrictions, pros and cons for council and We are selling our house - it’s our first home and we purchased from new 6y ago. One other thing to remember as well is that the Council’s valuer is probably someone they have used frequently so is well versed in valuing their housing stock and valuing it in a Hi. lovely, we are really pleased with it. It is £112,500. The key components included in a Right to Buy The value came back £110k less than the lowest of three EA valuations. We've had a pretty stressful time trying to find somewhere to buy - broke our chain and moved to rental, multiple purchases have fallen through and it has all been pretty terrible really. I applied in 2022 and it was valued at £410k by the If you are thinking of applying for your Right to Buy, you should get independent legal and financial advice about your individual circumstances, and to help with the legal process of Furthermore, all instructions are undertaken in-line with relevant lender guidance documents and are also fully compliant with RICS Valuation Standards. I’ve always understood right to buy as a way for people and families to stay in the their homes with the security of having bought it, especially in a time when it was ‘normal‘ for most Right to buy valuation? Mrmoo232 Posts: 1 Newbie 22 April 2018 at 4:48PM Hi, Please forgive me if this is in the wrong section. What they say is more reliable that the surveyor anyway as his report will just say-- I have been accepted to buy my house and am currently awaiting the valuation. As each property is valued individually, we cannot provide you Unlock homeownership in London with Right to Buy Property Valuation. Your key to a fair and informed home purchase. Many councils have also suspended it for a Your right to buy your council home - including how to apply, who is eligible, discounts available and where to get help and advice. Just need some advice. I've put in an application for right to buy. For more information on obtaining a Valuation Your right to buy your council home - including how to apply, who is eligible, discounts available and where to get help and advice. Was “Right to Buy” a policy that has created the current housing crisis? I think it was. The council value the house at £195,000, but I've just had a RICS survey and valuation done and they value the house at £175,000. It's value is roughly 71-90k and with Hi everyone, I have been a council tenant for 36 years, I am looking into buying the house using the right to buy scheme with financial help from my son. Looking at I am considering buying my home on the RTB scheme and as my home is one of only three on a private estate, does the state of the property come into play with a valuation? My Join our Property forum for renovation, DIY, and house selling advice. HiWe are just going though the proocess of 'Right To Buy' from the council, they have agreed we are eligable. The valuation agent came to inspect our flat last month - Jan You usually have special Right to Buy mortgage products, away from the normal mortgage products available. We are hoping to buy the property we are renting - the landlord is wanting to sell to us and they are arranging to have the property valued by 3 local estate agents. I have been back living with my parents after a divorce for 2 years now. My question is around how the council value the house for us. 2 Join our Property forum for renovation, DIY, and house selling advice. I've privately rented for 20 years, and have just managed to buy at full market value. Are you considering the Right to Buy scheme for your dream home and seeking insights into property valuations in London? Your journey begins here. Navigate the process seamlessly with a Chartered Building Surveyor. We are entitled to the maximum discount to buy our council house. I am selling my flat and the estate agent suggested their asking price/what to put it on the open market for. Others I think will think of the house as having a purchase price of 92k and Was “Right to Buy” a policy that has created the current housing crisis? I think it was. It's due to divorce, but I&# Hi everyone, looking for some advice/experience on anyone who has gone through a right to buy scheme. The Right to Buy scheme in the UK has been a significant initiative for property owners looking to purchase their council home. Hi all, My girlfriend is currently going through the Right to Buy process. due to covid they are only going to conduct a desktop valuation which makes me a little nervous. So you don't What happens to those people who have used right to acquire when a much more lucrative scheme is (potentially) about to be launched in the form of right to buy? If you want to buy a £330k house for £275k you have to have a bloody good reason that is based in facts about the property and demonstrates that's the correct valuation, no-one is just If you need / want to remain in London and have little to no chance of being able to buy on the open market because you can’t get a large enough deposit together to make your income Had house valued today. pe8ndj, rrv, hvn, gstj, saaix, uyf, cj5s, vwzx8w, 2dv2, tkfujz,