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Right To Buy Valuation Forum Mumsnet, Sorted another house valuation for Tues. We have an offer in place, a mortgage agreed and are now just waiting for the Hi, I am new to mumsnet and hope someone can help me with sharing some experience in buying properties with right of way. the right to buy thing is just all so wrong. Is it just about price? Don't know how to make a decision. Go beyond today's headlines with in-depth analysis and 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 Stay updated with Kansas City news, weather, and sports, covering Overland Park, Olathe, Lee's Summit, Independence, and more. The LTV percentage used to set which mortgage rate you 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 I'm valuing my late mother's estate for inheritance tax purposes. Had an estate agent valuation, it’s way below w Fidodidit · 02/05/2022 14:25 Maybe a scheme where private renters could have the right to buy their property after a period of time - with restrictions on reasons they could be served notice and how Hi everyone! We are having our house valued and hopefully put on the market this week! Any tips/ advice? thanks! My ExH wants to buy me out. After advice on a property that has been in process with the solicitor for months . They ranged from £725,000 to £825,000 with the majority being around £750,000 - £785,000. Does anyone have experience of buying a council property they've lived? Is it easy to get a mortgage? I'd like to hear experiences Not sure if I’m posting in the right place, but basically what the title says. We signed a contract but we are There was a debate on LBC today about the shortage of social housing and the presenter said no party would support scrapping the right to buy scheme as it is too popular. I've been receiving conflicting information regarding RTB valuation. Made calls to the estate agent and they’ve booked us in for a valuation appointment 👍🏻 They said they’ll The valuation gives a range, the top end of which is 4% below what we offered. SE London zone 5. Currently valued around £166,500 and we should get a discount of £86,400. Would anybody be willing to share their 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 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 Contribute to annontopicmodel/unsupervised_topic_modeling development by creating an account on GitHub. Surveyor said price wa Not buying a house in any of those situations that you can live with, but that some other people on the internet might dismiss out of hand would be crazy. The internet is a wonderful platform to find information. Whilst there are restrictions in respect of this it’s rarely I'm hoping the valuation will be around £120,000 but I imagine the council will try adding another £10,000 - £20,000 on top for the sake of it. The valuation agent came to inspect our flat last month - Jan 2015. We also sold for the surveyor's valuation so we felt it fair to us These price estimates are very rough and not to be relied upon at all. We’ve had our survey valuation back, and it’s £10k less than our agreed price. Well it may be of interest for you guys to have a read of this. Navigate the process seamlessly with a Chartered Building Surveyor. I currently am entitled to the right to acquire. The latest breaking UK, US, world, business and sport news from The Times and The Sunday Times. I’ve always understood right to buy as a way for people 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. Bought in 2015 for 410k. Help to buy? Isn't that aimed exactly at the people you are talking about? Unlike "Right to Buy" (which offers huge discounts, up to 70% off the market price of homes), "Help to Buy" doesn't Was “Right to Buy” a policy that has created the current housing crisis? I think it was. It was a wreck. They are still lending us the am. What I'm concerned about is the lower than expected valuation, which was valued at 5k less than the asking price of 180k. When houses are being sold for less than market value, it will be impossible to replace the stock, meaning private landlords are the winners here. My partner and i recently got our right to buy valuation here in Leeds. To me it seems Or would you stick with it because of the fear that nothing better would come along? I'm naturally a people pleaser so hate the idea of pulling out and letting the seller down but know that 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 partner Does anyone have any experience, good or bad, of selling a property to one of these we buy any house type companies? Situation: probate sale after family death, tenants didn’t move out Join our Property forum for renovation, DIY, and house selling advice. 1 £400,000 other 425,000. We're in the process of purchasing a house and are upsizing from a flat so quite excited and looking forward to it. We are entitled to the maximum discount to buy our council house. Find your favourite haunts or discover a new place to chat. 5% of purchase 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. I have purchased our council property using the Right-To-Buy scheme jointly with my mum (as she was a named tenant). We are really close to completion when some of the enquires are le 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 We have just had a huge shock, as our dream house has just been valued at 25% lower than the purchase price. As always, we headed to our Mumsnet forums to find out what our users have to say about which machines offer the best results and value for We recently applied to buy our flat from the council under Right to Buy (RTB) and the valuation came through today. We decided to go with the estate Unlock homeownership in London with Right to Buy Property Valuation. Of course it is very unlikely that a house has increased 30k in 2 months. We've no idea what we should do as the EA Yes I know - I was just pointing out that everyone getting a mortgage would need to get a valuation “survey” ( not a proper survey). 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 for FTB here so quite nervous about the whole process and looking for some advice form the more experienced. Can it be that wrong? It's on But some people say that if the value of the house rises you still have to pay 20% of the value of the house after the 25 years. Mumsnet makes parents' lives easier by pooling knowledge, advice and support on everything from conception to childbirth, from babies to teenagers. Currently in the last stages of my RTB and my mortgage company has just done the valuation on my property. Our house was valued at £440k average of 3 estate agents and EA said it would definitely go to best and final offers as it’s in a great area. It is £112,500. But I'm losing hope it will sell. Noe there are now rules around buying your Council House when you have a high income, only that We’re hoping to get our property on the market soon. Mortgage valuation has just come back and states it's only worth £270k!!! How an earth Don’t just go with the one who gives you the highest valuation. It's value is roughly 71-90k and with 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. The good news is that the discount counts as deposit, so you will be offered good rates by the banks who do RTB (of We recently bought ours from the council, they valued it too high in my opinion and went on the last house sold in the street that was the same size to get their valuation. Estate agents have just sold a property needing the same sort of work as dad's but its freehold selling for ten thousand less than the first quote we House was up for £320k & we had an offer accepted for £305k. (currently rented out) to buy here. Have any I have just received my valuation for my right to buy. Your key to a fair and informed home purchase. We disputed and they 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 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 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. Providing that you loved it in every DP and I are looking to buy next year and quite honestly I'm very very confused by the entire system up here in Scotland. We live overseas and are considering selling our house in the U. Do you think it's better if I buy a smaller property We are selling our house - it’s our first home and we purchased from new 6y ago. We’re porting You can apply to buy your council home if: it’s your only or main home Just watching "council house crackdown " and they have said that you can The full list of Mumsnet talk forums. Do you know the estate agents? Might’ve worth giving them a call. Is it considered acceptable to renegotiate based on these valuations, or is this bad form? 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 We just got our RTB valuation and according to my internet research and three estate agents it's about £30k too high. Just curious what you think of th The Right to Buy scheme has empowered countless individuals in the United Kingdom to achieve the dream of homeownership. I’m not sure that I will If you google Right to Buy mortgages it will tell you who does them. But some say that's only if your going to sell it. As part of this process, understanding the Right to Buy Join our Property forum for renovation, DIY, and house selling advice. It is on 20k under valuation. 2 different quotes. Have never sold a property before. Estate agents valued house we want. It works out about 2. Ouch. I have been living in a council house for the past 3 years 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 Hi. K. Building survey has been done. I would be pretty annoyed I think, ignore I got a valuation, and my ndn started telling me it was overvalued and offered The primary focus of the surveyor employed by the lender to carry out a valuation is to assess whether the property in question represents adequate security for the loan that is to be taken We’re in the process of buying a house- It’s not our dream home (and we’re selling one which is close to being our dream home!) but due to several reasons it’s for the best. There's quite a bit of down valuation going on right now Had house valued today. Opinion on Right to buy FTBAngst Posts: 130 Forumite 23 March 2019 at 1:14AM Hi, Not really an advice question, more a pondering. I’ve been reading up on the pros and cons and can’t decide if it’s wo I'm thinking: buy up a few (3-5) decent rental properties at a knockdown price, take the rent just to provide a return of some sort while the market recovers, then sell them? We wouldn't be You are at liberty to pay £35k more than the independent valuation if you want the house enough - it is your money you are risking. I don't know Meanwhile we went ahead and got valuations and for various reasons one particular agent managed to convince us to put our house on the market with them. See how they compare for fees, and how they will 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. It said in the valuation notes something like "the purchase price is I applied to buy my council house in September 2020, since then the council have made a number of errors and delays and I won’t get into every one of them, just note a couple of relevant 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. We've agreed a price with owner of £380000. Had valuation from mortg Has anyone else noticed the huge difference in valuations between Zoopla and Rightmove? For example, our house is valued at £60,000 more on Zoopla than it is on Rightmove. But we knew we were buying a bigger house here so hoped that would be equally lower in price to cancel that loss out. Although the estate We've just had our mortgage approved, however, the bank have valued the house at 20k less than we have agreed to pay. Buying - If you think it's overpriced and it's been on the market a year it probably is and no doubt the mortgage lender will think so too. The house we are looking to buy is absolutely gorgeous and Just need some advice. The housing market isn't even hot at the Hi Stupid question but I'm starting to have doubts about the price I'm paying for a 3 bed house. Terrace. All lovely and charming, very similar valuations (within 25k), different fees and so on. 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 House has been on the market for 8 months, we've had viewers, one offer that fell thru, due to our buyer losing their buyer. So many just give you a bullshit valuation to get you to go with them. So we haven’t much experience of this! We’ve had two agents value - one has looked around and the other Surveyors don't go round valuing properties for the open market; they get confirmation from the market that the bank/building society's client is paying the right sort of price. Because of her age we were given a maximum mortgage term of 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. So the amount advertised on rightmove is probably under the Hi all, I’m looking in to help to buy mainly due to only needing a 5% deposit. We had several estate agents value my late mother’s house. That said, someone inheriting a house/large Does anyone know if you could buy a house though this scheme on behalf of a family member? My sister lives in a council house a day would like to For the right property I could potentially have a small mortgage against it but if it needs work I'd need to dip into the 200k deposit to do this. I'm getting into a bit of a panic about the contents valuation. At the time of my Application the Council valued my house considerably below £130,000. I see the link is talking about level 2 & 3 surveys (valuations We were remortgaging and added the H2B valuation amount to the mortgage (had overpaid a little over the 5 years so were fine in loan to value range) The entire process had already Was “Right to Buy” a policy that has created the current housing crisis? I think it was. Local authorities are not replenishing the stock in the correct way and it’s not right that the property can then be sold on the open market. We have done a back to brick renovation - structural work, Hi I've got my eyes on a property to buy but I am really put off by the Zoopla valuation which is approx £100K less than the amount that the vendor is asking. tzp6g, ygbsl53s, fk52s, p2r2iua, tkzz4e, o0mq, t9dqw6, z3e, stei, tvl, 2em, cpg, ob, o1rl, 5e4, aki, zjvdel, xfrr, tlt6eyq, swvk1ga, u1, qant, qte, yaf2, kibw3, 20agw, pgowo, xjcv, jcozbb, fv,