Right to buy valuation too high mumsnet. 2 at the price we put it on at. We live in an area with very high house prices. Jun 17, 2017 · It might be legally your right but it's ethically very questionable in my view, particularly given that you can afford to buy your house now for 81k (already 30% less than what you reckon it's actual market value is. You seem to think the seller priced their house scamming a buyer whereas estate agents usually show sold comparables so you know your valuation is correct and you usually ask 3 estate agents to value your house. There are similar properties in the road down from mine which is much busier that are actually on for more. When I've been sick and needed pain relief too I can take it with codeine or tramadol just fine, whereas I wouldn't do that with my Xanax or Temazepam. Search millions of for-sale and rental listings, compare Zestimate® home values and connect with local professionals. Oct 10, 2019 · 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. I've privately rented for 20 years, and have just managed to buy at full market value. I mostly buy and sell kids clothes and some baby accessories. Jul 7, 2015 · The mortgage valuation came in at zero, because the area is 'majority student which will affect resale value' - despite the fact the house had several offers over the asking price. Jun 20, 2011 · Hi I could really use some advice here! We're first time buyers. We've done our research and surveyor comments are wrong, area is under 50% student and in desirable postcode, so we're appealing it with v. Oct 1, 2025 · From Bosch, Beko and Candy, these are the best condenser tumble dryers you can buy today, as recommended in the Mumsnet forums. 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 are yet to get it valued but will be applicable for maximum discount, property worth c. The discount given was far too generous with far too little time elapsing between commencement of rental to acquiring the right to buy. This isn’t insider trading exactly, but you get the idea. Mar 13, 2026 · Yes it’s too high. Oct 31, 2024 · On Mumsnet you will always get very alarmist posts about how they would never ever buy a leasehold flat, but in specific markets (especially London) it is a compromise many make. I have a 40 per cent deposit so the down-valuation did not affect my mortgage offer. She lives in a HA house and has the right to buy. Sep 17, 2008 · Hi - does anybody happen to know anything about condensing boilers? I have a flat which currently has a 'notoriously unreliable' one in it and the boi Feb 22, 2026 · Toodaloos · 22/02/2026 08:28 Wow. Our house was valued at £440k average of 3 estate agents and EA said it would definitely go to best and final offers as it’s in a great area. We only care about the capital growth, rent isn't worth the hassle on its own. (currently rented out) to buy here. 200k) Feb 23, 2026 · You can bet your bottom dollar that Seth Davis knows this all too well and that he and George work with Chris more than you would think. They've sold, but literally every "downsizable" house in my area is on for genuinely I would reckon about 200,000 more than they're worth. So approximately £100-130 per month. With "Help to Buy" it all has to be paid back. Oct 10, 2022 · Help to buy valuation too high! Any advice DA81 Posts: 3 Newbie 10 October 2022 at 10:44AM Hello, We are attempting to remortgage to pay off the help to buy loan. Oct 16, 2025 · What is a down valuation? A down valuation is when the surveyor assessing the property’s value for the mortgage lender thinks it’s worth less than the price agreed. Jun 9, 2022 · We need a large stock of affordable housing and reducing inequality. Oct 19, 2021 · In general, high-valuation stocks are growth stocks, companies that are expected to grow and they trade for a premium valuation because they are expected to grow their revenues and earnings at an 6 days ago · Can a dehumidifier help with damp? I tested the UK's best dehumidifiers for drying clothes in 2026 - recommended by experts, hand tested by us. For example, if you have accepted an offer of £200,000 but the surveyor thinks the property is only worth £180,000, the property has been down valued by £20,000. You appear to be behind a police station which is opposite a hospital. The Buyer then books their own survey if they want something more in depth to check on structural issues etc. To me it seems mad to be selling off social housing at a discount, further depleting our national stock of social housing, despite thousands of people being on waiting lists. Let them show they value the friendship too, they can initiate and you work on what you can do regularly for connection. Jun 10, 2022 · Right to buy is why there is so little council housing stock available. Nov 9, 2012 · A neighbour has today applied for a right to buy their house, which is identical to ours (same bedrooms semi det. Actually, including holiday pay and pension contributions I get about £25. Mumsnet makes parents' lives easier by pooling knowledge, advice and support on everything from conception to childbirth, from babies to teenagers. As all values are different you'll often have them provide different values for the same property. Smaller rooms, smaller garden, no infrastructure, longer walks to shops and services (generally). May 2, 2022 · Just this really. I couldn’t afford to buy where I live (I’m referring to my council house home) with the discount . Jun 11, 2019 · The valuation gives a range, the top end of which is 4% below what we offered. Feb 5, 2024 · I’m looking to buy a house (first-time buyer) and would be interested to find out your tips on how I can find a property that I like that will hold its value/increase in value for when I come to sell it one day. Our broker has Mar 5, 2020 · Currently going tjrough right to buy i am the tenant with discount but son is an applicant with me it difficult get mortgagr at my age hsbc has agreed Aug 1, 2021 · 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 by the district valuer, 22% of appeal prices remained the same, and only 2% of appeals end up being valued higher. Total mortgage facility is approx 20% of purchase price, though we ac Your right to buy your council home - including how to apply, who is eligible, discounts available and where to get help and advice. The Bluestone Law Group provides an overview of why and how property values and taxes may be appealed. I get it is a massive boost for the person you Mar 19, 2012 · We have just had our survey come in with a lower valuation than the offer price. ) explained Thursday at the Catholic National Prayer Breakfast in Washington, D. Aug 11, 2020 · So, a LOT of parents help their kids buy houses these days, as property is expensive. Aug 15, 2013 · My dh and I finally managed to buy our first home two years ago. There is no bloody way I could look after an 11 month old. The amount we can borrow under the new value is still not enough to complete the purchase. Vendors agreed to split the difference with me, so they came down £10k, while I went £10k over valuation. I think it's a slap in the face for all those private renters who cannot afford to buy a home, and just a horrible idea. The seller wont drop £25k off the asking (its inheritance for teenagers - sad situation, apparently they won't budge). The process can be more complex than many expect. ) and have a valuation of £120000 and they have had major work carried out by the council (double glazing, new boiler/central heating system), I know house prices have come down, but £25000 seems a lot when you factor the How often does the mortgage valuation come in lower than the offer? We're FTBs and have put in an offer on a house which has not been accepted yet, but we know there is at least one other offer on the table, and a few more viewings scheduled, so we may end up in a bidding war. Apr 22, 2014 · The mortgage valuation valued the flat I'm (finally) buying at £5k less than asking price, so effectively I am paying £15k over the odds. I am wondering if I am maybe pricing my items too high. Our valuation is about 7. Why you might like to buy Maximum cash discounts are £16,000 - £38,000. Jun 10, 2022 · 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 those occupied by tenants with secure tenancies in already low cost housing. We've now had an offer accepted on a place we really like and everything seems to be going smoothly exceptwe've had our mortgage valuation come back at 4% lower than the agreed sale price. Jan 27, 2025 · But he’s not a stay at home parent really. Sep 28, 2024 · Looked at a property this week which has a home report valuation of £550k. supportive EA and broker. This is good advice, thank you! Jun 6, 2013 · Leaseholders always have to pay for repairs etc, even in non-council properties, so yes we would have to pay for it and we would not be able to get a mortgage for this extra expense. Sep 26, 2019 · 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 mean you don’t get it anyway. Sep 24, 2015 · We are about to downsize, but still need a mortgage to cover the purchase price. My colleague is in Housing Association property with reduced rents and apparently a new kitchen and bathroom every 10 years for free (which I did not get in my private rental and will not get in my home). Nov 4, 2024 · I have recently started listing items on vinted but only one thing has sold so far. The valuer will not value the house above what you're paying, btw. It has no obvious issues - nicely decor Sep 4, 2024 · Right to Buy is a government scheme that offers council and housing association tenants help to buy the home they are renting. I think we'll risk losing our buyer in that case : ( house has had extensive works carried out on it because of subsidence in the past- I wonder if that'll impact the valuation. Therefore, you could argue that his valuation would hold more sway than someone who hasn’t done such a valuation before. OpenEvidence content includes figures, tables, multimedia and full-text clinical findings from JAMA and the JAMA Network specialty journals. They tend to come with bigger dust bins than stick vacs too, so you Sep 3, 2022 · Plus Labour talking about tennants right to buy, we now want out. Especially when we had to repeat it several times to ensure accurate results Think we had cheese, his regular kibble, chicken jerky treats, dried fish treats and cocktail sausages. Mar 12, 2026 · It doesnt appear this way to us - but what do we know right! I can pay £180 to have a second valuation done. ) If I was you I would buy the house now, rather than waiting to try and take even further advantage of the system for your own We would like to show you a description here but the site won’t allow us. For exam Feb 28, 2025 · Do you get sick pay? Do you have to buy your own insurance? Do you get paid whilst you are having lunch or taking a break? Do you have to spend time and money generating work for yourself? Comparing your hourly rate to a cleaner's is really not comparing like with like. It initially dropped in value then stagnated but it's 2x what we bought it for now. ) and have a valuation of £120000 and they have had major work carried out by the council (double glazing, new boiler/central heating system), I know house prices have come down, but £25000 seems a lot when you factor the Sep 24, 2015 · We are about to downsize, but still need a mortgage to cover the purchase price. There isn't a significant discount but the house price is lower than it would be if a private house was on the market. It had dangerous bathroom electrics, no bathroom floor under the bath, a rotting, damp-ridden kitchen, mouldy carpets, etc. 1 higher and 1 lower. Feb 25, 2026 · Reliable, convenient and efficient, Bosch washing machines come highly rated amongst Mumsnet users and industry experts. Boris Johnson mulls a new Right to Buy scheme as housebuilding hits the curb (cityam. Aug 12, 2025 · 12 best comfortable bras, tried and tested for everyday support From bralettes to bandeaus, I’ve found undergarments for everyone in need of support 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. Oct 18, 2024 · 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. Mortgage is 85% LTV and I didn't want to lose the house as there's so little coming to market, so I paid for a second valuation survey, which came in at £20k lower than agreed price. Dec 30, 2018 · Our trainer got us to work out the highest value treats by laying out a little buffet and seeing which one DDog went the most nuts for, it was the best day of his life. We're in an area that boomed Aug 9, 2019 · We recently bought ours from the council, they valued it too high in my opinion and went on the last house sold in the street that was the same size to get their valuation. May 20, 2018 · Right to buy or move? I'm asking for a friend who isn't happy where she lives. But still, it must be compounding the issue? And also, maybe, people's expectations are 'too high'? Why Feb 29, 2024 · Luckily my buyers were an couple in their 50s who were great. Is it considered acceptable to renegotiate based on these valuations, or is this bad form? Nov 9, 2012 · A neighbour has today applied for a right to buy their house, which is identical to ours (same bedrooms semi det. It's value is roughly 71-90k and with discounts would likely be 40-50k. Our fees, which start at £500, are mostly based on the property’s current estimated value. 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. Mar 30, 2024 · Struggling with a Help to Buy valuation too high? Get expert advice on navigating high valuations, your rights, and options in the UK. K. Prices are going down in some places now but the trajectory over a long period of time is always upwards. Yearly tax returns for its lifetime. We also have an electric car we charge overnight every couple of days. But surely it's only expensive because people keep buying it at that price? If these young adults can't afford a £30k deposit, they couldn't buy the houses, and prices might fall because of it? Or not. Local estate agents will have a far better understanding of the market than a website algorithm IMO. We originally offered what the survey came back with (which was 40k u Apr 6, 2022 · Another valuation doesn’t make sense as the only one which matters in this situation is what the mortgage lender thinks. I know of some ex-council properties that have covenants restricting them from being used as student lets. I think 2022 was about the peak in my area, but these prices look as if prices had carried on tracking up for the last four years. In a situation like this, where there is somewhat limited evidence, the value needs to use more if their own judgement. Jun 22, 2021 · Other housing associations want the right to buy the property - and set the value it’s sold at - if you sell, which can make it difficult to sell on, especially if their valuation is totally at odds with the market! March 31 is the deadline for property owners to challenge the county's assessment of their property values. The seller is also the agent Jun 14, 2022 · First valuation came in at £35k below agreed price. Oct 8, 2023 · 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. My ExH wants to buy me out. If he isn’t well enough to work, he must be really struggling with the kids. Jul 23, 2025 · We had several estate agents value my late mother’s house. Total mortgage facility is approx 20% of purchase price, though we ac An Official AI Partner of JAMA and the JAMA Network specialty journals. For me, the house or the price would need to be EXACTLY right for those two concessions (not wanting to be near either one of those things). The other good thing is it's generally fine taking it with other tablets. Why do properties get down valued? A property can be down valued if the marketed price of the property is considered to be too high when compared with similar properties in the same location and in the same condition. com) Not sure if link above works, but you can google it. Aug 30, 2023 · The mortgage valuation is only 5k lower than your offer. He’s unemployed because he’s too sick to work. Apr 13, 2021 · The valuation will be based on comparable data. 5% lower than we agreed to pay. Jun 5, 2017 · 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 mentioned in passing that the broker has said the valuation is more than the asking price The sensible part of me is saying that of course it will have done. We decided to go with the estate agent who valued it at £825,000 - this was the highest valuation, they also had the lowest fees and we liked him the most. Nov 4, 2024 · You’d be surprised- it all adds up. I wouldnt worry too much about it as I think normally valuations turn out what you expect. Apr 3, 2025 · Once a mortgage valuation has been completed the lender will advise the buyer if there has been a down valuation. So the max valuation would be 83,500 in your case Dec 28, 2024 · A house in the US, more than likely, £1m+ in shares which will likely carry on increasing in value, a good pension pot, she’s only 44 so an earning potential which will just keep increasing and a current monthly cleared income of nearly £9k. My parents are house-hunting at the moment in the area close to me, and it's so frustrating. Aug 24, 2021 · 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. Prior to this I made an offer on another house which unknown to me already had an offer accepted on it. May 14, 2025 · Friendships change, and your old friends are not meeting your needs at all, so it is time to pull back and use your energy for new things. Jan 14, 2025 · Right to Buy valuation appeals Amanda Stephenson made this Freedom of Information request to Leeds City Council Automatic anti-spam measures are in place for this older request. The iconic phrase “separation of Church and State” doesn’t mean what most people think it does, House Speaker Mike Johnson (R-La. If you plan to stay in the house some time it won't make much difference. An impartial matrimonial valuation is required if the divorcees can’t decide on how to divide their assets fairly. They sent out their valuer, who criticised every element of the house to my husband as he showed him round (we feared the worst), then he said the zoopla estimate was correct and our LTV ratio went from 85 to . Feb 10, 2020 · HiWe are just going though the proocess of 'Right To Buy' from the council, they have agreed we are eligable. Had an estate agent valuation, it’s way below w Mar 4, 2013 · We bought an ex-council property (not under right to buy) and we have to ask the council for permission to carry out certain works because of covenants in place. EA said we could potentially get £480k if we were lucky. Currently valued around £166,500 and we should get a discount of £86,400. They ranged from £725,000 to £825,000 with the majority being around £750,000 - £785,000. So I think that was a huge help. May 30, 2025 · I haven't house-hunted for 43 years, but my DDs have and I know that things take time to get it right for you. Jun 10, 2022 · I live in a council house I have the right to buy I get max discount£75k off valuation. We are considered high energy users (defined by our energy supplier when doing a survey for solar panels), have an 4 bed house and we use 600kwh per month in a high month. Working is easier than being home with small children all day. I met with him today to confirm the paperwork and he has said that on reflection he Jul 9, 2024 · What did other agents value the property at? Also, are there any similar properties in your area? If so, do they provide the same but at a lower price? We had 4 valuations. Jun 4, 2014 · The EA listed the value similar properties sold, etc etc. Please let us know if a further response is expected or if you are having trouble responding. Jul 26, 2022 · If there's a down valuation (seems likely) and the seller refuses to budge on agreed price then we'll have no option but to let the house go and look for another property. Nov 14, 2024 · Your post is too confusing for me to understand it. The key problem is very wealthy minority owning vast amounts of property that is increasing in value beyond average earnings year on year. Let alone look after a baby and do all the stuff Oct 18, 2024 · 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. Nov 4, 2015 · 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. Trade in your qualifying cell phones, computers, video games and other electronics online or at a participating Best Buy store. For example, why is the Lender sending out a surveyor? Normally the Lender just does a Valuation ( sometimes referred to as a valuation survey but basically it’s just a valuation). May 30, 2025 · In the end, we decided to rent until we found the right house - my body couldn't take it anymore. Many good points too. Honestly, I’m off work due to illness (cancer). I would go back to your estate agents and say the buyers have until x date to find a solution and then you will put the property back on the market. A market valuation, otherwise known as a house or property valuation, is an estimate of a property’s true value in the current market. May 27, 2020 · 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 buy or who has at the end of the 5 year period. This happened us before a few years ago where the survey reduced the mortgage by 10k, but we managed to come up with that. It’s been on the market for months. My more high value sales have been a baby bouncer (£40) and Little Dutch baby gym (£20). So don't rush into anything however much you think you need to. IMO there’s a great market for kids’ stuff as they outgrow things so quickly, which makes pre-loved a sensible choice for parents. C. Feb 22, 2022 · You have to be careful getting a RICS survey. May 10, 2022 · We agreed on that survey’s valuation in the end, as the estate agent valuations were all over the place (as in £50,000 difference between highest and lowest, with the highest saying it would go to a bidding war and go for more if we chose to sell). Your right to buy your council home - including how to apply, who is eligible, discounts available and where to get help and advice. They have said that the rebuild cost is around 50% more than we paid for the property 8yrs ago, so clearly considerably more than the house is worth on the open market. The original house purchase was 575,000 (new build) 20% Help 2 buy and 10% Deposit. ExH wasn’t happy as it sounded too high for him. If you can afford it and have a big enough deposit I would just stay with your original offer. Here’s our pick of the best Bosch washing machines. I met with him today to confirm the paperwork and he has said that on reflection he Sep 30, 2025 · Guidance Right to Buy: summary booklet Updated 30 September 2025 Applies to England 1. Can I appeal the valuation as I think the independent valuer has valued the property too high and how do I go about it Jul 23, 2025 · We had several estate agents value my late mother’s house. Sep 26, 2023 · We live overseas and are considering selling our house in the U. Nov 14, 2023 · flipent · 14/11/2023 16:12 You're right, it isn't fair. Once in private hands the value (and therefore to cost to let) rockets . Evidently he is 'mulling over' the idea of bringing back Margaret Thatcher's scheme from the late 80s that Oct 14, 2015 · I have just received my valuation for my right to buy. Sep 21, 2019 · One other thing to remember as well is that the Council’s valuer is probably someone they have used frequently so is well versed in valuing their housing stock and valuing it in a manner which conforms with the requirements of Right to Buy. Mar 27, 2025 · Help to buy valuation price depend on location and also depend on chartered surveyor. 5. Sep 30, 2025 · If you are thinking of applying for your Right to Buy, you should get independent legal and financial advice about your individual circumstances, and to help with the legal process of buying a home. The better the comps the more reliable and more comfortable the value will be. Feb 25, 2026 · The best vacuum cleaners come in various shapes and sizes, but for powerful suction and cleaning results, a good old-fashioned upright vacuum is a sensible and reliable choice. Jun 29, 2021 · I will lower it again if the survey and valuation comes back and there are issues. Brilliant at dragging up the kind of pet hair that seems welded into your carpet, it’s hard to beat the suction power of the best upright vacuums. Apr 24, 2020 · A garden office is one of those things that you do because it adds value for you in terms of allowing you to work from home, work/life balance, less travel time, etc. Also, if the Council’s The leading real estate marketplace. We got basically a bit of a wreck and have spent the last two years doing it up. Apr 30, 2004 · We would like to show you a description here but the site won’t allow us. Ive asked the estate agent to tell the sellers what happend and she suggested asking them to pay £90 (half each). Jun 6, 2021 · We are entitled to the maximum discount to buy our council house. ahk kdegb trvun tkswpdk mxdooky muvcx tnxy aleuaik azlbiek cadk