Donate SIGN UP

ex council

Avatar Image
omar1234 | 12:08 Sat 10th May 2008 | Civil
4 Answers
minimum period in which ex council house can be sold
  
Gravatar

Answers

1 to 4 of 4rss feed

Best Answer

No best answer has yet been selected by omar1234. Once a best answer has been selected, it will be shown here.

For more on marking an answer as the "Best Answer", please visit our FAQ.
As with any property you can sell it within minutes of putting it up for sale if you set a low price and there is someone who makes an offer immediately. But it can take years if you set the price too high.

Is that what you meant? It would help if you went to the trouble of writing a full sentence to make your question clear.

read RTB t&cs for your council ...discounts usually have to be repaid on sliding scale if sold within 3 years... full discount repaid if sold within one year. in my area...loads of stuff on internet if you can be bothered
hi read your T&Cs if you have bought your house within a year from them then they will require 100% of the discount 2 years is about 66% and 3 years is about 33% after that then there is nothing to pay back. The council may want to buy back your home but they have to give you market value.
You need to read the document which sold the property (ie either a lease or transfer) which will state the period in which all or part of the discount (some are pro-rata'd, some aren't) given by the council is refundable to them.

The most common was 3 years but I've seen ones for 5 and even provisions for a percentage of the increase in value to be paid back to the council for a longer period.

You also need to check whether the council have any say in who you can sell it to.

Did you use a solicitor for the purchase, they should have advised you of this - did they send you any paperwork and a copy of the transfer/lease?

1 to 4 of 4rss feed

Do you know the answer?

ex council

Answer Question >>