The Right-To-Buy Scheme enables council or housing association tenants to purchase their home at a significant discount. The level of discount will usually depend on the length of time a tenant has lived in the property, along with other factors, and the discounts can typically range between 35% – 70%.
When tenants make an offer to buy their property from their landlord their offer may be rejected, or a counteroffer may be made by the landlord. To verify the accuracy a landlord’s offer or counter offer it is essential for tenants to commission their own independent valuation of the property to support their negotiating position. If you want to check the accuracy of your landlord’s valuation, you can contact Wood Croft Chartered Surveyors for an independent Right-To-Buy valuation.