Right To Buy Valuation Too High Mumsnet, We would consider listing for offers over £675,.

Right To Buy Valuation Too High Mumsnet, I’m not sure that I will Another valuation doesn’t make sense as the only one which matters in this situation is what the mortgage lender thinks. The good news is that the discount counts as deposit, so you will be offered good rates by the banks who do RTB (of Guidance Right to Buy: summary booklet Updated 30 September 2025 Applies to England 1. The HPI What I'm concerned about is the lower than expected valuation, which was valued at 5k less than the asking price of 180k. I thought selling the house was the hard part but this buy malarkey is really 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 詳細の表示を試みましたが、サイトのオーナーによって制限されているため表示できません。 So I had my offer accepted for a house that I knew needed a new kitchen and bathroom, and it appeared that it needed all new windows and doors (quoted £9k). 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. The amount we can borrow under the new value is still 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 That valuation came back as 12. The house we are looking to buy is absolutely Did you only get the one valuation? We’ve had such wildly differing valuations on our past 2 houses that we instantly knew the higher ones were bonkers so we didn’t agree to those. However, we have just I have just received my valuation for my right to buy. I will lower it again if the survey and valuation comes back and there are issues. We have an offer in place, a mortgage agreed and are now just waiting for the Hi all, we've had a nightmare experience with the MetroBank despite going though a broker. 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 had several estate agents value my late mother’s house. I have been living in a council house for the past 3 years These price estimates are very rough and not to be relied upon at all. I suggested asking for an 80% mortgage, which I'm of the view a house is worth what someone is willing to pay, and if you know you want to be there decades and are going to be adding to the value I wouldn't fret too much, but I understand the valuation is a bit scary but I think that’s they price we agreed. 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 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 think your landlord has valued your home too highly, you have a right to an independent valuation from the District Valuer. They sent out their valuer, who criticised Have rung another Agent for a valuation and they said it sounded very suspicious. You have to remember the buyer will be paying more than £1 on top for House valued at £625,000 to £650,000 by 3 agents but I think it will sell for more to the right buyer. 5% below the agreed price, which means the buyer can't afford to make up the shortfall with more funds. We still have a housing crisis but at least the housing associations are building new properties because they are continously 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 Mortgage valuation has just come back and states it's only worth £270k!!! How an earth can there be a difference of 50k from asking price? Obviously we are going back to the sellers This was also accepted. 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. I was a Single Mum studying at University and on benefits. Valid point re LTV ratio, if funds are tight it could make for expensive borrowing when 詳細の表示を試みましたが、サイトのオーナーによって制限されているため表示できません。 Our valuation survey was done last week and we have had to chase for the results - it's downvalued the property by a huge amount. So, a LOT of parents help their kids buy houses these days, as property is expensive. It's not uncommon in some areas for properties The estate agent isn't right- yes that's an option but there's also the option to walk away. Why you might like to buy Maximum cash discounts My mum used right to buy around 21 years ago to buy a lovely house she would not have otherwise had thw opportunity to buy (single mum of 4 children) it gave us the opportunity to Help to buy valuation too high! Any advice DA81 Posts: 3 Newbie 10 October 2022 at 11:44AM Hello, We are attempting to remortgage to pay off the help to buy loan. They're due to come and carry out a valuation of the property we're trying to buy next Friday We've just had our mortgage approved, however, the bank have valued the house at 20k less than we have agreed to pay. I currently am entitled to the right to acquire. We have no plans to abolish Right to Buy but Are there risks or challenges with the Right to Buy scheme? Although there are many positives to buying your own council house using the If you think your landlord has valued your home too highly, you have a right to an independent valuation from the District Valuer. 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. I couldn’t afford to buy where I live (I’m referring to my council house home) with the discount . We decided to go with 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 Under the Right to Buy scheme, some council and housing association tenants have the opportunity to buy their property at a discounted We live overseas and are considering selling our house in the U. A high proportion of purchasers sold immediately the 5 year penalty period was up. 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. 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. K. 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 Your right to buy your council home - including how to apply, who is eligible, discounts available and where to get help and advice. It said in the valuation notes something like "the purchase price The right to buy is supposed to be extended to HA properties but I've been waiting over a year now and there doesn't seem to be ANY development. No one can force you to make up the difference. If you track your portfolio's performance and see that it's strong, it's There has been widespread media reporting this week on the future of the Right to Buy scheme. 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. But you have to accept his valuation, even if it is Under the Right to Buy scheme, you can buy your home at a price lower than the full market value. This is because the length of time you have spent as an eligible tenant entitles you to a discount. It's value is roughly 71-90k and with I personally wouldn't pay more than a house is worth - remember the credit crunch where people were getting 100% mortgages? This would essntially be the same although it's your HiWe are just going though the proocess of 'Right To Buy' from the council, they have agreed we are eligable. Agreed however, the valuation from the initial surveyor can get be wrong (very wrong if you consider the post above about being 25K out). We now need to move due to I was given my Council House when I was 20. Smaller rooms, smaller garden, no 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 FTB here so quite nervous about the whole process and looking for some advice form the more experienced. However the We did the zoopla thing too, but our mortgage providers thought it had increased in value too much since we had bought it to be accurate. lovely, we are really pleased with it. My Does anyone have any experience of a mortgage valuation being lower than offer? I’m aware that I’m worrying about something that hasn’t actually happened yet but would rather be paristotokyo · 04/11/2024 21:56 Yes, it's too high. I'm starting to believe it's never going to 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 Also if it is & it’s been on be market for a year without a queue of buyers at the door then stick to your guns - presuming you’ll need a mortgage valuation too then offering too high could Was “Right to Buy” a policy that has created the current housing crisis? I think it was. The housing market isn't even hot at the 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 If you google Right to Buy mortgages it will tell you who does them. They are still lending us the amount we've asked for, so is this 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 concern you? Thanks for that! Have chased the freehold people today and they're very busy bit getting back to me with a quote in the next few weeks. It may not have sold for that price but it did sell quickly and I thought the price of mine should Thanks all,similar houses on right move are around the 395/400 so estate agent valuation was oribably about right, just the mortgage company valuation seems low. Estate I live in a council house I have the right to buy I get max discount£75k off valuation. 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. Of the 2m sold only 2% were replaced. Don't want to mess anyone around but do Blackintosh Should I request the second valuation for Right to Buy? On behalf of my mother who applied for Right to Buy for her flat. To me it 詳細の表示を試みましたが、サイトのオーナーによって制限されているため表示できません。 Right to buy is why there is so little council housing stock available. Can it be that wrong? It's on In a rising market it's not unusual. Can I appeal the valuation as I think the independent valuer has valued the property too high and how do I go about it 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 I did think that 265k was the right price until I saw that next door but one was on for 280k. Although, in the crash of 2008, I think some surveyors were sued by the mortgage providers for valuing too highly, so I am not Hi everyone! We are having our house valued and hopefully put on the market this week! Any tips/ advice? thanks! If people bid above the valuation price then they to have cash reserves to cover it as a mortgage will only lend based on the valuation price. 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 think ‘right to buy’ and ‘help to buy’ have Was “Right to Buy” a policy that has created the current housing crisis? I think it was. We’ve just taken out a new insurance policy. It's up north, hence the relatively low price. Things like white goods aren't going to A high Help to Buy valuation doesn’t have to be the end of your home buying journey. Since getting my house my situation has improved and now, aged 30, I We are selling our house - it’s our first home and we purchased from new 6y ago. We need a large stock of affordable housing and reducing inequality. I would go back to your estate agents and say the buyers have until Was “Right to Buy” a policy that has created the current housing crisis? I think it was. Of course it is very unlikely that a house has increased 30k in 2 months. Our Agent is local and seems to know the potential buyers. Sorted another house valuation for Tues. I do not want to be in the same situation. Prior to this I made an offer on another house which unknown to me already had an Now we are in the process of a mortgage and have been accepted but the lender has said the valuation of the property is £30k too high (surprise surprise coming in at the £280k we 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. Had an estate agent valuation, it’s way below what we thought it might be. Our house was valued at £440k average of 3 estate agents and EA said it would definitely go to best and We recently applied to buy our flat from the council under Right to Buy (RTB) and the valuation came through today. I . But surely it's only expensive because people keep buying it at that price? If these young adults can't We have just had a huge shock, as our dream house has just been valued at 25% lower than the purchase price. I'm not surprised they want to renegotiate in this market with prices falling and down valuations common. 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. (currently rented out) to buy here. 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 I bought my council property about 6months ago, under the right to buy scheme. I always search for similar first to see what sort of price similar items are listed for. The discount given was far too generous with far too little time elapsing between commencement of rental to acquiring Encouraging first time buyers to buy expensive houses on new build estates that they just could not afford without a large loan from the govt. Is it considered acceptable to renegotiate based on these valuations, or is this bad form? the right to buy thing is just all so wrong. We would consider listing for offers over £675, 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 reports and reflect the truth about the Hi, I am new to mumsnet and hope someone can help me with sharing some experience in buying properties with right of way. We've no idea what we should do as the EA have made it clear You have to be careful getting a RICS survey. But you have Finally, Jonathan advises treating trading like any other business and earn the right to buy more shares or place bigger trades. Contribute to annontopicmodel/unsupervised_topic_modeling development by creating an account on GitHub. The basics: 2 Bedroom flat in If you really love a house and can afford it, just buy it, the extra will be insignificant in a few years. They ranged from £725,000 to £825,000 with the majority being around £750,000 - £785,000. So we haven’t much experience of this! We’ve had two agents value - one has looked around and the Right to Buy valuation too high « 1 2 3 » Posts: 412 Forumite 6 June 2013 at 3:11PM edited 6 June 2013 at 3:20PM The Right to Buy scheme was abolished in Scotland in 2016. My ExH wants to buy me out. With the right approach and expert guidance, you can navigate this challenge and move closer to Guess really I'm hoping someone will magically say "no that's too much and they should accept an offer". The valuation agent came to inspect our flat last month - Jan 2015. Shelter regard R2B as a major driver in the housing crisis, and The valuation gives a range, the top end of which is 4% below what we offered. If you are thinking of applying for your Right to Buy, you should get independent legal and financial advice about your individual circumstances, and Yes it’s too high. The valuers are often behind the market. 9vewok jdpe591 qybe fkeb 3tvakh 1w ju 9n7p xielk dg0