Right to Buy Appraisal
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- Right to Buy Appraisal
What is Right to Buy Valuation?
A housing association or council will either reject your request or present you with an offer if you choose to buy your Canterbury property from them. Contact our panel of RICS qualified valuers for a Right to Buy valuation to verify the equity of your landlord’s share. Additionally, keep in mind that an appraisal only provides a brief summary of a home’s condition. Read about building surveys if you need an estimate of the cost of necessary repairs.
The following should be included in the landlord’s Right to Buy offer:
- the property’s market worth;
- the computation and discounting technique
- overview of the property;
- estimate of servicing fees;
- any significant flaws
Right to Buy Discount
The Right to Buy programme allows tenants to purchase their council or housing association home with significant savings. After three to five years in a home, you may be eligible for a discount equal to:
- 35% of the value of your house
- Half of the value of your flat
Reinstatement Value of a Help to Buy Building
Your council home’s market worth can be reduced by up to 70% under the current Right to Buy Scheme, but how much can you actually believe your landlord’s assessment? An RICS Right to Buy appraisal is what you want if you want to ensure that the worth of your house is fairly and honestly assessed. Lenders are completely separate from the work of our panel of RICS accredited valuers.
Right to Purchase Benefits of Valuation
When an RICS registered valuer provides you with a Right to Buy valuation, you can:
- verify the market valuation: you won’t be able to tell whether your landlord’s market assessment is accurate unless you have a report from an impartial RICS registered valuer;
- contest the conditions of the offer: you can contest irrational assertions or provisions of the offer by using a fair Right to Buy value;
- lodge a complaint with the District Valuer: present the district valuer with your RICS market appraisal as proof to refute your landlord’s offer.
Obtain a Right to Purchase Valuation
Your independent RICS valuer can provide a Right to Buy valuation for a small fee. By contesting the terms of a landlord’s offer, this appraisal can help you achieve a fair price for your council property.
Valuation for Divorce (Matrimonial)
A Divorce Settlement Valuation is a service that will enable you to split them appropriately in the divorce settlement. It guarantees that no matter what the terms of the settlement are, the equity is divided proportionately.
Is Shared Ownership Valuation Required?
If you are hoping to buy a more significant share of your shared ownership home, you will need an RICS-accredited surveyor to give a precise valuation. This lasts for 3 months. Get in touch with us today and have a member of the Canterbury Valuation Surveyor panel organise a Shared Ownership Valuation for you.
