From an added layer of security to simply being able to decorate and renovate freely, there are so many benefits that come with being a homeowner. The Right to Buy scheme helps eligible council housing tenants to buy their home with a discount. As part of this process, an accurate and up-to-date Valuation Report must be produced. Here at Morgan Sloane, we offer a variety of valuation services including Right to Buy home valuations.
What is the Right to Buy Scheme?
The Right to Buy Scheme is designed to allow most council tenants to buy their council home at a discount. Depending on the location and other factors that determine whether tenants qualify, the amount of discount available may vary.
What is the Difference Between Right to Buy and Right to Acquire?
Generally, Right to Acquire is a scheme designed to help housing association tenants. Whereas, Right to Buy is specifically for council housing tenants. You’ll need a home valuation report for both of these schemes.
What is the Valuation Process for Right to Buy Properties?
A Right to Buy valuation should be conducted by an independent, impartial Chartered Surveyor. After a physical inspection of the property, your Surveyor will form a report which considers various aspects of the property including size, location, condition and specification. The Surveyor will also analyse other relevant data, such as the sold prices of other council and housing association properties in the neighbourhood.
Can Morgan Sloane Help with Right to Buy Valuations?
Morgan Sloane is an independent firm of RICS registered chartered surveyors based in Essex. We provide specialist property valuations including Right to Buy valuations, building surveying and advisory services. Our team boasts an abundance of knowledge, experience and expertise. We’re proud to provide a fast, efficient and cost-effective service that is tailored to every client. All of our reports are carefully researched to provide an accurate response to our client’s needs. Get in touch to find out how we can help you.