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Discount for Sale basis
gozaimasu
Posts: 860 Forumite
Please delete this post it's really old and not ten words long.
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Comments
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Its a form of Lowcost housing / social housing. Some Local Councils insist house developers offer a certain number if houses at a discounted price to allow low income families to get a home. That discount iff the open market value stays with the house.
Lets say the open market value is £100,000. The discount for sale is say 40%. You can then buy the house at £60,000. If you then move, and the open market value of the house is then, say £120,000, the 40%is applied again. So you would sell the house at £120,000 minus 40%, which will be £72,000. You keep the £12,000 you have made, but it then allows somene else to get on the housing ladder at a discounted price. It would seem the discount lasts for ever, so is continually applied to the next owners.Eat vegetables and fear no creditors, rather than eat duck and hide.0 -
Sounds like a great idea.Father Ted: Now concentrate this time, Dougal. These
(he points to some plastic cows on the table) are very small; those (pointing at some cows out of the window) are far away...
:D:D0
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