Right To Buy scheme allows secure tenants of council homes and housing association properties to buy their home with a significant discount Please remember to give the name of your landlord in any correspondence. This website uses cookies to improve your experience. There are a number of property websites which can help you work out how much your home could be worth and you might find the Land Registry website useful. The longer you have been a tenant, the more discount Search for council tax banding and costs for any property in England and Wales Find out how much council tax you pay for your property - mycounciltax.org.uk mycounciltax.org.uk We have access to 100% Right to Buy Mortgages. Look at the map. We find 3 recently sold properties then you… Look at photos. property websites which can help you work out how much your home could be worth and you might find 1. Slow cookers, are they worth buying? Then use our tools and speak to one of our professional agents to get a more accurate valuation. How much is your house worth? Ex. Number of years you have been a Council/Housing Association tenant: Insert an estimated value of your property: Select your type of home: Resident in London. 24-7 Mortgages and KPM Financial Services is a trading name of Kevin McGee, a mortgage broker not a lender and insurance intermediary. If you haven't agreed on a price yet, you'll get 90 per cent of the price the council thinks your home is worth. Get a property valuation. S71 3PW. But opting out of some of these cookies may have an effect on your browsing experience. We have access to Right to Buy mortgage for tenants with poor credit. We'll assume you're ok with this, but you can opt-out if you wish. There is two worked examples to demonstrate how the discounts work. We will focus on right to buy in this section. Our advisers are available Monday to Friday, 9am to 6pm (except bank holidays). There are several methods you can use to gauge the value of a property. The landlord could have different figures than you have inputted. Powered by Bing Maps. Claim this home to view the Redfin Estimate in a Home Report as soon as it's available. The discount gets based according to the market value of your home. Example 1: Family live in a property valued at £100,000 and have a full 70% discount, £100,000 X 70% = £70,000 discount and a purchase price of £30,000, Example 2: Family live in a property valued at £150,000 and have a full 70% discount, £150,000 X 70% = £105,000 due to the discount being capped at £84,200 this family will only get the 84,200 discount My council tax is £159 a month for 4 bedroom house, but our previous house was in a different area and we only paid £74 a month. Enter your address to get your free Zestimate instantly, or request a no‑obligation market value offer from Zillow. The mortgage would be double what we pay in rent. the Land Registry website useful. Find out how to tell what your house is worth. This house value calculator will give you an idea of how much your house is worth and how the value has changed over the past year based on house value data provided to us by Landmark. My step son pays £500 a month for 2 bedroom house with no heating and council tax is £100. Now it's time to get an overview of the market. It's quick, free and uses some of the industry's most trusted sources, so it's pretty accurate to boot. The Council Tax band that your house falls into will dictate how much Council Tax you pay, the further into the alphabet you get the more tax you’ll pay. How to use the calculator. Once you have been a secured tenant for the three years you are then entitled to apply for the right to buy or the right to acquire. financial or legal arrangements before you’ve had your landlord’s valuation. These cookies do not store any personal information. For a free copy of our right to buy discount fact sheet, just provide your email address. Just select your address and we'll give you an approximate value for your house. Get an instant home-value estimate, and sign up for a free home report. We can help you to find the right estate agent. The actual price of your These figures help to show how many properties are changing hands in your area, and how much for, which might give you an idea of how much your house is worth. How much is my council house worth? Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is 10 times what DH earns. Please feel free to use our discount calculator but please bare in mind this is just a guide and it will give you a rough idea of how much discount you could be entitled to. 1234 Main Street, Charlotte, NC 28255. If you simply want a good indication of your home's worth, a Zoopla estimate is a great guide. This discount can go up to a maximum of 70% off the market value of the property or £84,200 which ever come first. Scroll through the photos of the comparable property to assess its condition and features. Our algorithm looks at information on all 28 million UK homes. Details of which can be found by visiting www.fca.org.uk. 0 like. However, you will be offered a 50% discount after just three years if you live in a council flat. Right to Buy Discount Calculator. Compare your property. Zoopla or Rightmove houses for sale can help to work out the value of your property. It is mandatory to procure user consent prior to running these cookies on your website. The council has to pay the money either within three months of you making the application, or when it takes over ownership of the house, whichever is later. If you enter an incorrect estimated property value, please use the reset button to start again. Please include the years you have been a council/ housing association tenant, Your council home may be worth more than you think. Obviously if the house did not exist in 1991 (like yours), then the VOA have to work back to what it would have been worth … Find out more information on discount levels. Enter your postcode and answer a few questions about your home, such as how old it is and how many bedrooms it has. You also have the option to opt-out of these cookies. It all depends on which area you live in. Get a price comparison report. Find out what houses are for sale currently similar to yours. Finding a good quality estate agent to help you with the selling process is key. The home we are living in is worth around £380,000. Advice on buying bathroom and kitchen: Rent v's Buying: council housing issues: What to look for when buying a new vacuum? For example, if you lived in a council house worth £150,000 for 10 years, you would be offered a discount of 40%. How are house valuations calculated, how much is my house worth? Start comparing. There are exceptions in some London boroughs where the top discount could be £112,300. If you have a Nationwide mortgage, we may be able to give you a better idea of how much your home is worth using your mortgage account number.