RIGHT TO BUY
ARE YOU ELIGIBLE TO BUY YOUR PROPERTY AT A SUBSTANTIAL DISCOUNT ON MARKET VALUE?
Since 1980 the Right to Buy scheme has allowed Council and Housing Association tenants in England buy their home at a
discount. Data from the Department for Communities and Local Government
and Local Government indicates London boroughs and London councils account for 34% of Right to Buy sales in 2014-2015. London tenants took advantage of a discount of up to £102,700 of the market
value of the property they bought under the Right to Buy scheme from the Council. From 6 April 2015 the maximum discount under the Right to Buy in England has
been increased and you could get a discount of up
to £103,900 if you live in London or £77,900 for the rest of England. This maximum discount
increases every year in April in line with inflation.
Please click on the following link (Right to Buy Eligibility) if you have been a council tenant for at least the last three years or you were a council tenant when the property was sold to your current landlord to see if you are eligible to purchase your property under the Right to Buy legislation.
The discount deducted from market value of your property is governed by a Statutory Instrument - The Housing (Right to Buy) (Maximum Percentage Discount) (England) Order. Please click the following link ( Right to Buy calculator )to obtain an estimate of the potential discount in the purchase price of your property should you exercise your Right to Buy
If you are buying your home under the Right to Buy scheme please feel free to have a chat with Andrew Veitch for an initial no obligation telephone estimate of conveyancing costs or simply to ask for some initial general advice. Andrew Veitch is more than willing to outline the conveyancing process and indicate what questions that should be raised during the conveyancing process.
If you are buying your home under the Right to Buy scheme please feel free to have a chat with Andrew Veitch for an initial no obligation telephone estimate of conveyancing costs or simply to ask for some initial general advice. Andrew Veitch is more than willing to outline the conveyancing process and indicate what questions that should be raised during the conveyancing process.
Please feel free to
telephone Andrew Veitch to discuss your requirements in more detail
or e-mail Andrew Veitch details or your proposed purchase and/or sale for a no obligation estimate of fees.
Tel: 020 7935 1095
E-mail: andrew@guyclapham.com
Blog: www.andrewveitchsolicitor.blogspot.com
Office: Guy Clapham & Co solicitors, 51-55 Weymouth Street, Marylebone, Westminster, London W1G 8NH
This blog provides basic general legal information to help people understand their legal rights, but is not a substitute for personal legal advice from a solicitor. By the very nature of a blog the information published in blog posts on this site may be out of date.
Therefore this blog is subject to our following disclaimer and conditions of use:
Where no personal consultation has taken place with Andrew Veitch or the partners or employees of Guy Clapham & Co under no circumstances will Andrew Veitch or the partners of Guy Clapham & Co be responsible for (1) any information contained in, omitted or received from this site, (2) any persons reliance on any such information, whether or not the information is correct, current or complete, (3) the consequences of any action you or any other person takes or fails to take, whether or not based on information provided (4)
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