'Right to buy' to be scrapped in Scotland

IveSeenTheLight

Graham_Devon wrote: »

Err yer.

So if you buy a 100k house, and only take out a 10% mortgage, what you are saying is that 10k gets recorded on the land registry!?

How do you think lend a hand works?

Do you think that suddenly wipes off 20% of the house price!? It's the same principle. The full amount gets written down as the sale amount...not the amount minus 20%.

You should not confuse valuation and market price. Housing association homes etc get sold at the market value, you can't barter down. Same with a council house sale. The price will be the price...it's not a price you can then offer on.

Graham,
Do you have any experience / knowledge of council houses that have been sold from the council and then resold on the private market.

My G-I-L house was and I've checked up the registered sold prices and the recorded price is the discounted price.
It was ten sold a few years later when the G-I-L went into care with a 95% increase from the purchase price three years earlier.

When you look at the sold prices, you cannot differentiate which are council sold houses or private sold houses and therefore these discounts are dragging down the local average for the property type and location they are sold in.