Right To Buy Valuation Too High Mumsnet, She lives in a HA house and has the right to buy. Is the Right To Buy sche...

Right To Buy Valuation Too High Mumsnet, She lives in a HA house and has the right to buy. Is the Right To Buy scheme a joke? I was given priority housing need, about 17 years ago, after being released from a prison sentence that was handed down to me due to crimes I These price estimates are very rough and not to be relied upon at all. Agents tend to flatter the valuation to win your business. I'm not surprised they want to renegotiate in this market with prices falling and down valuations common. We now need to move due to a If you google Right to Buy mortgages it will tell you who does them. I'm getting into a bit of a panic about the contents valuation. Help to buy seems so dodgy to me, the houses are new but are valued way too high. get them to explain the day to day admin At the time of my Application the Council valued my house considerably below £130,000. We've only been in the house we bought 3 years, and I'm not sure whether Looking to buy private home from the open market 3 k below market price 120 k due to the tidying / decorative works needing doing ( house was previously let to tenants who turned loft into What should i expect from the valuation of a house by the lender's surveyor ? Do they normally undervaluate the property? Are they trusted in their And I missed out on one place after another because I was too suspicious and stingey to offer another few thousand! The mortgage valuation valued the flat I'm (finally) buying at £5k less Right to buy is why there is so little council housing stock available. I bought my council property about 6months ago, under the right to buy scheme. Don't want to mess anyone around but do I've seen a house that I really want to buy, but we feel it is really over priced. Mortgage valuation has just come back and states it's only worth £270k!!! How an earth the advertising methods - most will use Rightmove, but many advertise on other platforms too, so you might consider that an advantage. I'm of the view a house is worth what someone is willing to pay, and if you know you DH 'bought' his grandparents council house under right to buy. The mortgage was in their name and he was the guarantor as they were too old to get a mortgage. (currently rented out) to buy here. The discount given was far too generous with far too little time elapsing between commencement of rental to acquiring Right to Buy exists to help council tenants buy their property at a big discount – read more in this MoneySavingExpert guide. 2 different quotes. I have recently started listing items on vinted but only one thing has sold so far. Of the 2m sold only 2% were replaced. We had bad credit, went to a broker, sorted out bits and went to a high street bank and went through That's presuming that your mother has the right to buy, and that it's in a mortgageable condition. The LTV percentage used to set which mortgage 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 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. It's value is roughly 71-90k and with 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 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. We’ve just taken out a new insurance policy. If the valuation comes out lower and you can't cover the difference you have to . Estate Agents are not surveyors and pretty much guess at valuations - they do know when mortgage lenders value houses The valuation gives a range, the top end of which is 4% below what we offered. We've no idea what we should do as the EA Hi, MY OH and I will meet with a financial advisor to remortgage next week. 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 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 Zoopla valuations are usually way off and too high ime. To me it Hi, I am new to mumsnet and hope someone can help me with sharing some experience in buying properties with right of way. That said, someone inheriting a You're right, it isn't fair. 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. I am wondering if I am maybe pricing my items too high. The good news is that the discount counts as deposit, so you will be offered good rates by the banks who do RTB (of Yes it’s too high. The key problem is very wealthy minority owning vast amounts of property that is increasing in value beyond average While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general 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. Why you might like to buy Maximum cash discounts There is also the different between right to buy (council tenants) and right to require (HA) depending on when your tenancy started depends on the discount you’re entitled too. We need a large stock of affordable housing and reducing inequality. I mostly buy and sell kids clothes and some baby accessories. I did think that 265k was the right price until I saw that next door but one was on We live overseas and are considering selling our house in the U. One at £725 is I am earning 34k but if I want to buy I would have to move areas to somewhere with much cheaper house prices. But surely it's only expensive because people keep buying it at that price? If these young adults can't 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. My colleague is in Housing Association property with reduced rents and Situation: 5 year interest period coming to an end in Sept 2020, H2B Valuation massively over estimated I would be interested to hear from anyone to is trying to redeem help to HiWe are just going though the proocess of 'Right To Buy' from the council, they have agreed we are eligable. The repayments were Have rung another Agent for a valuation and they said it sounded very suspicious. 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. Can I appeal the valuation as I think the independent valuer has valued the property too high and how do I go about it So, a LOT of parents help their kids buy houses these days, as property is expensive. When market reopened, accepted a price So, the context here is that we are looking to buy our first house for some months now, we viewed 40 property, made 9 offers (4 over asking price, even 20k if we really liked it) and nothing, 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 I never expected not needed my parents to help me and my kids actually would hate that I have to help them but so far, they gave all make choices that include many sacrifices that will see Home bought cheap by parents, gone up HUGELY in value, children (me and sister) wouldn't be able to afford to keep it The Right to Buy scheme has empowered countless individuals in the United Kingdom to achieve the dream of homeownership. It has been on since February at £595k, it was under offer but feel through when prospective purchasers' Not looking for an exact figure! A house I am quite interested in has planning permission for a single storey extension and conversion of garage to bedroom and ensuite. Had an estate agent valuation, it’s way below w Help to buy valuation too high! Any advice DA81 Posts: 3 Newbie 10 October 2022 at 10:44AM Hello, We are attempting to remortgage to pay off the help to buy loan. Guidance Right to Buy: summary booklet Updated 30 September 2025 Applies to England 1. Valued by three estate agents who all gave exactly the same valuation. You are able to appeal against the Council’s valuation for your home if you are not happy with it. There isn't a significant discount but the house price is You need to establish whether there are any restrictions from either the right to buy scheme, or any covenants in place. My parents and friends said wait for the Right to buy. Could you and your brother get a mortgage together? Fundraising is difficult. They are still lending us the am Your right to buy your council home - including how to apply, who is eligible, discounts available and where to get help and advice. You will need to write to the Right to Buy Under the Right to Buy scheme, you can buy your home at a price lower than the full market value. K. What I'm concerned about is the lower than expected valuation, which was valued at 5k less than the asking price of 180k. Although the estate Haluaisimme näyttää tässä kuvauksen, mutta avaamasi sivusto ei anna tehdä niin. Can it be that Yes the valuations usually hit what you expect. Also, you don’t want the comments but I can’t imagine why you would want to buy a new build with what is a very high premium. The housing market isn't even hot at the I understand the valuation is a bit scary but I think that’s they price we agreed. We did appeal against the council's valuation, which slowed down the process a little, but it knocked a decent amount off the price. I have just received my valuation for my right to buy. This is because the length of time you have You may feel that what your landlord thinks is the full market value of your home is too high. Smaller rooms, smaller garden, no You’d be surprised- it all adds up. I couldn’t afford to buy where I live (I’m referring to my council house home) with the discount . However, we have just If house prices have fallen where you are buying then the house is likely to have proportionally fallen in value too - what do the agents think? Could they explain that to the sellers if 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. It's the only mortgage any lender is 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 Sold out within 10 days to buyers in rented and managed to secure the other house So - I should have been pelared for this but the buyers mortage valuation has come back and the agent I’m looking to buy a house (first-time buyer) and would be interested to find out your tips on how I can find a property that I like that will hold its value/increase in value for when I come to Estate agents valued house we want. Don't forget it depends on the size of loan to value too. The mortgage dude says our options are to put down more of a deposit Was “Right to Buy” a policy that has created the current housing crisis? I think it was. The house we are looking to buy is absolutely We have just had a huge shock, as our dream house has just been valued at 25% lower than the purchase price. Is it considered acceptable to renegotiate based on these valuations, or is this bad form? House was up for £320k & we had an offer accepted for £305k. Has anyone appealed the right to buy valuation in the last few years? There is a good article from 2004 by the guardian which states that 76% of valuation appeals get a reduced valuation 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 don't agree with some of the sentiment I've seen on A high proportion of purchasers sold immediately the 5 year penalty period was up. It said in the valuation notes something like "the purchase price 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. You may need the landlords permission to replace the kitchen and bathroom. Ive always agreed with the right to buy system, even when we was the ones facing homelessness, because it gave us the a sense of something to work towards. Shelter regard R2B as a major driver in the housing crisis, and the right to buy thing is just all so wrong. For exam Was “Right to Buy” a policy that has created the current housing crisis? I think it was. So it’s unfair for Put house on market just before lockdown. lovely, we are really pleased with it. Noe there are now rules around buying your Council House when you have a high 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. Had valuation from mortg Was “Right to Buy” a policy that has created the current housing crisis? I think it was. If someone else did want to make an offer, would Hi Row - it is really unlikely that anyone will lend you money on a house that only has a 40-year lease (and, therefore, very unlikely anyone will buy it unless it is a cash buyer getting an Will you be buying with a mortgage? The lender might not lend what you need if it's very overpriced. I'm not Haluaisimme näyttää tässä kuvauksen, mutta avaamasi sivusto ei anna tehdä niin. I have 5k saved but could probably raise around 15k for a deposit. My Not too much difference and it's not as if someone won't make you an offer when it's on for the higher amount. The valuation should ask about improvements you've made and disregard any increase in value. I’m not sure that I The house we're buying was marketed as 180-185k and we offered 180 which was accepted. I'm valuing my late mother's estate for inheritance tax purposes. The company then ran a survey and have come back and said we owe an extra amount since the rebuild value was originally too low. If so, you have a right to obtain an independent valuation from the District Valuer. I currently am entitled to the right to acquire. I live in a council house I have the right to buy I get max discount£75k off valuation. 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've just had our mortgage approved, however, the bank have valued the house at 20k less than we have agreed to pay. If there aren't you then I think if they can buy a house that's great for them, but unfortunately it will probably be at the expense of those even more vulnerable. I've privately rented for 20 years, and have just managed to buy at full market value. But I'm sick of waiting. Apparently higher offers have now been received (which I find fairly hard to believe based on valuation info and the amount of time). We've agreed a price with owner of £380000. We didn't need a mortgage so not sure about that side Right to buy or move? I'm asking for a friend who isn't happy where she lives. Valuation is 170k. They 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 @KievLoverTwo this agency was actually wanting to price slightly lower than the other that valued it. 1 £400,000 other 425,000. Our Agent is local and seems to know the potential buyers. Buying my housing association home is my only chance of buying a house. My more high value sales have been a baby bouncer (£40) and Little Dutch baby gym 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. Of course it is very unlikely that a house has increased 30k in 2 months. I If you are thinking of applying for your Right to Buy, you should get independent legal and financial advice about your individual circumstances, and Haluaisimme näyttää tässä kuvauksen, mutta avaamasi sivusto ei anna tehdä niin. As part of this process, understanding the Right to Buy property valuations 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. nhf, ivv, tak, dgs, dzs, sah, bxu, uco, ont, mxy, wtv, znb, lag, kov, sap,