Right to buy valuation forum. Jan 14, 2025 · Right to Buy valuation appeals Amanda Stephenson m...

Right to buy valuation forum. Jan 14, 2025 · Right to Buy valuation appeals Amanda Stephenson made this Freedom of Information request to Leeds City Council Automatic anti-spam measures are in place for this older request. CNBC is the world leader in business news and real-time financial market coverage. You should also get independent financial advice about the different types of mortgage that are available. Feb 26, 2017 · Right to Acquire Valuation alot more than expected! lilsweetie Posts: 100 Forumite 26 February 2017 at 10:05PM in House buying, renting & selling Mar 27, 2023 · Hello everyone, so recently my property passed the 5 years period for which my property cannot be sold within this time otherwise it would fall in the following category. If you apply for Right to Buy, your landlord will send you a letter telling you how much the property is worth and how they determined its value. Check out the latest investing news and financial headlines. When you apply to your landlord for Right to Buy, they will send you an offer letter containing their valuation of the property. I applied in 2022 and it was valued at £410k by the Housing Association's valuer, I thought it was extortionate so pulled out. Dec 20, 2019 · Right to Buy valuation If you live in a property owned by a council or housing association, you may be eligible for the Right to Buy your home. 82KB) This policy is currently under review. Find out if you’re eligible in our guide. 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 buying a home. The same type of new build has been selling for approx 640-650 (several on the estate). This guide explains how the Right to Buy scheme works, who can take part and what size discount you can get. Currently in the last stages of my RTB and my mortgage company has just done the valuation on my property. Jan 21, 2017 · 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. May 17, 2011 · Hi, I am in the process of buying a New Build (roughly 5 years old) house under the Right to Buy Scheme. At Lea Hough Chartered Surveyors, we’ve seen a significant increase in demand for these services. One of the key valuation methods used is the comparative method, which involves looking at similar properties in the local area that May 22, 2023 · If only can request valuation after seller grant OTP wouldn't it be too late? Those who want to sell their flat should get valued by HDB first, then purchaser can make a more sensible and economical decision, whether to pay the extra Cash over Valuation to the seller, ain't that right? Landlords and tenants must timely complete specific steps when tenants buy their council homes or face consequences of delays. The valuation agent came to inspect our flat last month - Jan 2015. Problem 1, councils should be properly funded as to replace the sold houses, keeping the numbers of council houses steady or increasing. Your right to buy your council home - including how to apply, who is eligible, discounts available and where to get help and advice. She's considering requesting a visit from the district valuer because her bank has valued the flat at £15,000 less than the landlord did. Jun 26, 2019 · 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. can anyone advise if they know whether my rtb8 forms would be valid? Nov 29, 2016 · Hi. com, your online source for breaking international news coverage. We would like to show you a description here but the site won’t allow us. Feb 10, 2020 · HiWe are just going though the proocess of 'Right To Buy' from the council, they have agreed we are eligable. What is the Right to Buy Valuation? When you decide to purchase your property from a housing association or local council, they can respond in one of two ways: refuse your request or make you an offer. If you’re considering buying your home through Right to Buy, you’ll need a RICS-registered valuation to confirm the market value before proceeding with your application. Jul 12, 2024 · Hi just wanted some advice, I have applied for Right to Buy and been given a valuation of £415,000. Jun 5, 2013 · We just got our RTB valuation and according to my internet research and three estate agents it's about £30k too high. Aug 18, 2025 · Guidance How to get a valuation of your Help to Buy home What you need to do when arranging a market valuation to repay your equity loan. Mar 13, 2025 · The Right to Buy scheme in the UK has been a significant initiative for property owners looking to purchase their council home. Sep 6, 2018 · Hi all, My girlfriend is currently going through the Right to Buy process. The Right to Buy scheme allows eligible tenants to buy their council or housing association home for as little as 30% of its current market value. UK. Aug 9, 2019 · Quick one. Therefore, you could argue that his valuation would hold more sway than someone who hasn’t done such a valuation before. Selling a Help to Buy house or paying off the loan? You’ll need a Help to Buy valuation. (outside London but a similar house on the same street sold a year ago for £255,000 Our combined income is about £48k. Jun 20, 2017 · I bought a house with help to buy 2 years ago. This essentially means that the Council can reduce the discount (potentially to nil) if the cost of buying/building that property exceeded or was equal to the current market value. Feb 27, 2014 · Just need some advice. Owning your own home is a major milestone, and the Right to Buy scheme allows eligible council and housing association tenants to purchase their home at a discounted price. The internet is a wonderful platform to find information. Sep 30, 2025 · 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 buying a home. Please let us know if a further response is expected or if you are having trouble responding. The value of your home You can find out more about what discount you could get by visiting the Right to Buy discounts page on GOV. 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. Jan 17, 2019 · 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. Document Right to Buy Policy 2023. Sep 22, 2019 · Well it may be of interest for you guys to have a read of this. Applied for Right to Buy in January, valuation was carried out in February. If homebuilders think they can get £150k for a house, but the government is handing people £30k, they don't charge £120k. 1 day ago · 2 Great Dividend-Paying Oil Stocks to Buy as Oil Surges These oil stocks can grease the wheels of your passive income machine. Jul 22, 2020 · i am looking to sell my house which has a 20% help to buy loan on it and have been told that I will need to pay back 20% of either the sales price or the RICS valuation, whichever is higher. Business Insider tells the global tech, finance, stock market, media, economy, lifestyle, real estate, AI and innovative stories you want to know. You would need to instruct an RICS Registered Valuer to carry out a valuation on your property prior to purchase. Dec 10, 2012 · Do note, while we always aim to give you accurate product info at the point of publication, unfortunately price and terms of products and deals can always be changed by the provider afterwards, so double check first. Anyone who's been through this process - how long did it take to get the new valuation from the point at which you asked for it? Bot Verification Verifying that you are not a robot Sep 23, 2009 · Hi all I have just been given a valuation by my Housing Association on my flat which I can buy under the Right to Buy scheme. What policy or protocol is in place to ensure that any failure on the part of the VOA (conduct, factual, unreasonable delay or otherwise Sep 30, 2025 · Stamp duty This is a one-off tax you pay when you buy a property. Oct 26, 2013 · I am happy to report that the District Valuer re-valued my property at a price in line with sold prices of similar properties in the area. Jul 22, 2019 · I plan to use right to buy (RTB) in the near future as i’m a council tenant (secure tenancy and no plans to move). Mar 5, 2020 · Currently going tjrough right to buy i am the tenant with discount but son is an applicant with me it difficult get mortgagr at my age hsbc has agreed 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 are yet to get it valued but will be applicable for maximum discount, property worth c. Housing Association dragged their feet big time and the offer was only sent through in July but based on February market value. I am unhappy about the way the council is dealing with my right to buy application. Feb 26, 2021 · 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. 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 approach to valuation? 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. Will I have to pay capital gains tax on the increase of value of 60k? Or because it's been my main residence for a number of years I will not have to pay. Sep 21, 2019 · 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 manner which conforms with the requirements of Right to Buy. Find fast, actionable information. We look at how they work and how to get the best deal. How often does the mortgage valuation come in lower than the offer? We're FTBs and have put in an offer on a house which has not been accepted yet, but we know there is at least one other offer on the table, and a few more viewings scheduled, so we may end up in a bidding war. Feb 21, 2015 · We recently applied to buy our flat from the council under Right to Buy (RTB) and the valuation came through today. I then intend to sell the flat and use sale money to purchase another property. ) and have a valuation of £120000 and they have had major work carried out by the council (double glazing, new boiler/central heating system), I know house prices have come down, but £25000 seems a lot when you factor the Apr 4, 2013 · 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 more than the Council valuation I will be bound by that valuation and not the previous one so basically it's a gamble. we are looking to remortgage to swallow the 20% help to buy (redeem) and use the 40K to bring LTV down. I say about because my partner works shifts and has overtime pay. Consulting our panel of RICS-registered valuers ca help ascertain the fairness of the offer. Dec 6, 2021 · Confused about Help to Buy valuations? Our guide explains when and why you need one, how they’re carried out, and what to expect when redeeming your equity loan. I have been living in a council house for the past 3 years and within the next couple of years or so I will be looking at buying the property through the right to buy scheme but I'm not quite sure how they value the house. Dec 8, 2015 · 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 ago. 2 houses been up for sale on my street recently and have been very different to my house inside a lot more modernised and extra features which makes me think this may be Mar 23, 2019 · New properties (whether newly built or newly purchased by the Council) are difficult to buy on right to buy due to the ‘cost floor’. Sep 2, 2022 · Hi I am just wondering if anyone recently used the district valuer in regards to the right to buy scheme and how did it work out for you? thanks in advance Jun 5, 2020 · I plan to rent the right to buy property out and rent elsewhere untill 2023. It is not intended to be comprehensive. Can the Ombudsman help me? Yes, in some circumstances. Feb 13, 2023 · Dear Department for Levelling Up, Housing & Communities, As part of the Right-to-Buy process, involvement of the Valuation Office Agency may be required to resolve valuations and accuracy disputes. This takes into consideration various attributes of the property such as its size, location, condition and specification. Do you have a decent mortgage advisor with knowledge of the local area / market that you can speak to for advice? EDIT: Surprised at all the advice saying to re-negotiate with seller. When you carry out a right to buy valuation, it’s more than just a quick look at the property. May 20, 2018 · Find financial and money-saving discussions including debt and pension chat on our Money forum. It is £112,500. As independent, RICS Surveyors, our reports can be used to challenge the Landlord’s offer, if that is necessary. I have been accepted to buy my house and am currently awaiting the valuation. May 27, 2020 · The original house purchase was 575,000 (new build) 20% Help 2 buy and 10% Deposit. due to covid they are only going to conduct a desktop valuation which makes me a little nervous. Apr 10, 2009 · i have already bought the house now but my 1st valuation was around 40 grand but because was going through a tuff time lost the valuation papers it was coming to the end of 12 month period so had to reapply for valuation. Jan 7, 2016 · Hi All, I am a council tenant of some 6 -7 years, and have applied to buy my semi detached council house. Jan 9, 2022 · Hello everyone, Me and my partner are in the process of buying our first home and I have some questions regarding the survey and how to go forward. pdf (PDF, 346. There are no statutory time limits on the District Valuer. Problem 2, unregulated landlords are being able to buy up Jul 2, 2025 · The Housing Forum, in its April 2024 report on ‘Reforming the Right to Buy’ suggested the discounts should be capped at no more than 20% of the market value, [footnote 23] whilst the Joseph Jun 26, 2020 · Hi there I want to buy my council flat under right to buy scheme, and I have received a valuation from the council, the council said to me if I am not happy with councils valuation I can apply for second opinion which is District Valuer, but should I apply for District Valuer and hoping they valuation is Lower than council valuation. But believe it or not - the second valuation by this other surveyor came back at our offer price. A RICS-accredited surveyor carries out We were feeling pretty disillusioned given the huge down valuation. 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. Right to Buy The government’s Right to Buy scheme enables you to buy your council home at a discount. A Right to Buy Valuation is an independent assessment of your council or housing association property when purchasing it through the Right to Buy scheme. It’s very involved and is designed to give you an accurate price for the property. Qualifying criteria include you needing to be a public sector tenant and have lived in the property for 3-5 years. Right to buy applications This fact sheet is aimed primarily at council tenants who are experiencing problems with their right to buy applications and may be considering making a complaint to the Ombudsman. The basic idea of right to buy, making it cheaper for people to buy their own homes while retaining a house they have lived in for a long time is a good idea, the problem lies with what happens next. The amount is based on a percentage of the purchase price and varies according to the property value. I’m currently on a secure tenancy in a 1bed flat through my local council (the city council itself, not any kind of housing association) and have lived here for going on 6 years this year. Currently valued around £166,500 and we should get a discount of £86,400. I am looking to sell it and buy a new property. When it comes to valuing a property under the Right to Buy scheme, there are specific methods that are used to determine the price. I currently have 358,000 on the mortgage and 40K in cash. May 3, 2022 · Hi, I am considering applying to buy my council property and was just wondering if anyone has actually done this and how difficult or easy they found it. Jun 9, 2022 · Right to Buy, Help to Buy, Shared Equity, Shared Ownership etc are all forms of this. Sep 17, 2012 · 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. Apr 30, 2004 · We would like to show you a description here but the site won’t allow us. Always remember anyone can post on the MSE forums, so it can be very different from our opinion. The price given by the Council is approx 40% higher (once the £102k London discount is applied) then the EXACT same flat next door sold last year. The valuation establishes your property’s current market value and helps calculate the discount you’re eligible for, based on factors like how long you’ve lived there and the property’s location. It's value is roughly 71-90k and with discounts would likely be 40-50k. Also, if the Council’s Jun 6, 2021 · We are entitled to the maximum discount to buy our council house. Mar 15, 2022 · Right to buy going through also private house purchase going through (cash from inheritance)If the house sale completes before the right to buy do I lose the… Bloomberg Businessweek helps global leaders stay ahead with insights and in-depth analysis on the people, companies, events, and trends shaping today's complex, global economy Aug 12, 2025 · The Right to Buy government scheme helps current council tenants and some previous council tenants buy their home at a discount. 200k) She cannot afford to purchase the property herself and has recently offered whether I would like to buy it 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. Jan 24, 2025 · Changes announced in Labour’s October 2024 budget have led to a surge in instructions for Right to Buy valuations. If you're looking for ways to make your money to go further, sign up to our Moneysaver emails here. Considering the Right to Buy scheme in London? This guide explains the property valuation process, key factors affecting pricing, and the role of qualified surveyors. You will need to write to the Right to Buy section within the time period specified in your Section 125 offer notice requesting a District Valuer’s Appeal. Apr 22, 2018 · Right to buy valuation? Mrmoo232 Posts: 1 Newbie 22 April 2018 at 3:48PM Hi, Please forgive me if this is in the wrong section. Here we look at the changes, what you need to know about the Right to Buy scheme and the valuation process. Practice Note 1: Right to Buy/Right to Acquire: Procedure for Determinations of Value under Section 128 Housing 1985 See also Section 5 of the RTB Manual. My partner and i recently got our right to buy valuation here in Leeds. The Valuation Process for Right to Buy / Right to Acquire The first step when conducting a valuation for Right to Buy / Right to Acquire purposes is for a physical inspection of the property to be completed by the Surveyor. This policy sets out the eligibility criteria and discounts for those wishing to exercise the Right to Buy. Sorry if this is an obvious question! Mar 2, 2022 · 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 time kind of thing? 15 hours ago · Find latest news from every corner of the globe at Reuters. Jan 2, 2014 · Right To Buy- Experiences Princess_star_girl Posts: 3 Newbie 2 January 2014 at 9:00AM Hi all, I have just put my application form in for the RTB, Im just a bit unsure of certain things. Oct 14, 2015 · I have just received my valuation for my right to buy. The discount doesn't matter as it starts at 35% which with the estimated value of the house, we will hit the maximum £87,200 discount right away. Mar 22, 2013 · How to challenge your right to buy valuation You are able to appeal against the Council’s valuation for your home if you are not happy with it. Apr 9, 2025 · Under the Right to Buy scheme, some council and housing association tenants have the opportunity to buy their property at a discounted price. Breaking news and real-time stock market updates from Seeking Alpha. Apr 20, 2022 · 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 the offer to reflect the DVs valuation. May 11, 2014 · Are things like this taken into consideration with a valuation? Recent properties in the area have gone for circa 160K but have been well-maintained, have garages/conservatories etc. What Is ‘Right to Buy’? Right to buy is a specific scheme meant to help council home tenants and some housing association tenants purchase their property. Our impartial Right to Buy property valuation service provides you with an accurate, independent market valuation of your shared ownership or council home to ensure that you get a fair deal. Or Call 0333 200 7198 What are Right to Buy valuations? Council and housing association tenants meeting certain criteria have the Right to Buy their home and to get a Right to Buy discount on the purchase price. Right to buy - council housing, any experiences & advice welcome. It would be Really usefull if anybody could give me some advice On the process, how to get best morgatage deal etc If u have brought under this scheme could u Jun 6, 2013 · Leaseholders always have to pay for repairs etc, even in non-council properties, so yes we would have to pay for it and we would not be able to get a mortgage for this extra expense. . What Does a Right to Buy Valuation Include? A Right to Buy valuation is a comprehensive assessment that takes into account various factors to determine the fair market value of the property. Learn how a fair valuation can help secure your dream home and navigate the complexities of the Right to Buy with expert advice from Aston James Associates, trusted RICS Chartered Surveyors in London. Nov 9, 2012 · A neighbour has today applied for a right to buy their house, which is identical to ours (same bedrooms semi det. gxeck tqt xcgwb fysr eipvb kio ucsvfm hzvund xbib wrbbql