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Right to Buy flat warning
Comments
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diggingdude wrote: »The thing that disgusts me most is the renting of right to buy properties
Add on top of that disgust that the council will buy it back ! So council tenants are paying for that !0 -
30k per flat would be 6,750,000 over 225 flats.
It is likely that leaseholders apportionment will be calculate via Rateable Value and not 'per flat' although this does depend on what is stated in the lease
"Rateable value – This apportionment method uses the now defunct local authority rates system that was once used to calculate what is now termed ‘Council Tax’. It involves charging the leaseholder by comparing the ‘rateable value’ of an individual dwelling with the combined rateable value of all the individual dwellings within the building. For example, if the rateable value of all the flats in a building comes to 5,000, then somebody with a flat which has a rateable value of 250 should pay 5% of the total costs for the building"0 -
Council tenants won't be paying extra for either the work or buying back neighbouring properties. The costs will be covered by rental income and funded from the housing revenue account.AnotherJoe wrote: »Add on top of that disgust that the council will buy it back ! So council tenants are paying for that !0
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