Right to Buy Title Plan

s_w4554

s_w4554 said:

Justonemorecupoftea said:

Just make sure the valuation is based on the actual plot, not one with a larger garden (depending on how big a chunk your neighbour now has)

Thank you. Once my solicitor receives a response from the council they are already prepared to ask them to take into account the loss of land (my estimate is between 30-35 square meters worth of land) off the sale price. 

The neighbour are a corner plot. Corner plots have a large amount of land already.

Norman_Castle

s_w4554 said:

Justonemorecupoftea said:

Just make sure the valuation is based on the actual plot, not one with a larger garden (depending on how big a chunk your neighbour now has)

Thank you. Once my solicitor receives a response from the council they are already prepared to ask them to take into account the loss of land (my estimate is between 30-35 square meters worth of land) off the sale price. 

Estimate the price per metre and the total cost After 25 years you will be paying a percentage of the full price. How much is the delay costing you in rent?

s_w4554

Norman_Castle said:

s_w4554 said:

Justonemorecupoftea said:

Just make sure the valuation is based on the actual plot, not one with a larger garden (depending on how big a chunk your neighbour now has)

Thank you. Once my solicitor receives a response from the council they are already prepared to ask them to take into account the loss of land (my estimate is between 30-35 square meters worth of land) off the sale price. 

Estimate the price per metre and the total cost After 25 years you will be paying a percentage of the full price. How much is the delay costing you in rent?

My solicitor has got this prepared re the estimated price of land to be taken off the price. We pay full rent, just under £400 a month. The council rejected taking off rent money or even pause our rent account whilst they are trying to decide how to resolve this issue saying its a requirement to continue paying rent. We have served an Initial Notice of delay form and not yet received the councils counter response (two weeks since we served the notice). We think by serving the Initial notice of delay form they have rushed their decision to change the Title Plan as an easier resolution for them.

user1977

Was the initial valuation done by somebody looking at the wrong plan? Or by somebody seeing the size of the garden you're actually occupying? If the latter then it's the correct price.

s_w4554

user1977 said:

Was the initial valuation done by somebody looking at the wrong plan? Or by somebody seeing the size of the garden you're actually occupying? If the latter then it's the correct price.

Neither. The councils outsourced valuer knocked on the door, stood by the step and did a tick box exercise without walking around the outside or inside the property. Questions asked were, Is this a 3 bedroom, Has the property got central heating? Has the property got double glazing?, Has the property got a back garden? That was pretty much it and the valuer left. No photos or measurements taken. I didn’t see the valuer using a Title Plan during the valuation. We only saw the plan after the searches were completed.

Norman_Castle

s_w4554 said:

Norman_Castle said:

s_w4554 said:

Justonemorecupoftea said:

Just make sure the valuation is based on the actual plot, not one with a larger garden (depending on how big a chunk your neighbour now has)

Thank you. Once my solicitor receives a response from the council they are already prepared to ask them to take into account the loss of land (my estimate is between 30-35 square meters worth of land) off the sale price. 

Estimate the price per metre and the total cost After 25 years you will be paying a percentage of the full price. How much is the delay costing you in rent?

My solicitor has got this prepared re the estimated price of land [How much?] to be taken off the price.  We pay full rent, just under £400 a month. The council rejected taking off rent money or even pause our rent account whilst they are trying to decide how to resolve this issue saying its a requirement to continue paying rent. We have served an Initial Notice of delay form and not yet received the councils counter response (two weeks since we served the notice). We think by serving the Initial notice of delay form they have rushed their decision to change the Title Plan as an easier resolution for them.

I'm not suggesting a rent refund. How much will this extra land cost and how does that compare to the delay at £400 per month. It might be cheaper or cost effective to take the land rather than pay ongoing rent while this is debated.

"This change in the councils decision has caused a three month delay in getting to this point and a new completion date hasn't been set yet."

3 x £400 = £1200 and rising. Estimated price of this land after the discount?

Norman_Castle

s_w4554 said:

user1977 said:

Was the initial valuation done by somebody looking at the wrong plan? Or by somebody seeing the size of the garden you're actually occupying? If the latter then it's the correct price.

Neither. The councils outsourced valuer knocked on the door, stood by the step and did a tick box exercise without walking around the outside or inside the property. Questions asked were, Is this a 3 bedroom, Has the property got central heating? Has the property got double glazing?, Has the property got a back garden? That was pretty much it and the valuer left. No photos or measurements taken. I didn’t see the valuer using a Title Plan during the valuation. We only saw the plan after the searches were completed.

A council cannot barter over the price, there will just be another valuation. Its very possible removing this land from the property title will make very little or no difference to the valuation. Just take the land and leave it as it is if you don't want to clear it.

s_w4554

Norman_Castle said:

s_w4554 said:

Norman_Castle said:

s_w4554 said:

Justonemorecupoftea said:

Just make sure the valuation is based on the actual plot, not one with a larger garden (depending on how big a chunk your neighbour now has)

Thank you. Once my solicitor receives a response from the council they are already prepared to ask them to take into account the loss of land (my estimate is between 30-35 square meters worth of land) off the sale price. 

Estimate the price per metre and the total cost After 25 years you will be paying a percentage of the full price. How much is the delay costing you in rent?

My solicitor has got this prepared re the estimated price of land to be taken off the price. We pay full rent, just under £400 a month. The council rejected taking off rent money or even pause our rent account whilst they are trying to decide how to resolve this issue saying its a requirement to continue paying rent. We have served an Initial Notice of delay form and not yet received the councils counter response (two weeks since we served the notice). We think by serving the Initial notice of delay form they have rushed their decision to change the Title Plan as an easier resolution for them.

I'm not suggesting a rent refund. How much will this extra land cost and how does that compare to the delay at £400 per month. It might be cheaper or cost effective to take the land rather than pay ongoing rent while this is debated.

"This change in the councils decision has caused a three month delay in getting to this point and a new completion date hasn't been set yet."

3 x £400 = £1200 and rising. Estimated price of this land after the discount?

Estimated 3-4K for the plot. Price after discount £70,400. The council won’t let us accept the original Title Plan anymore, they are changing it and when they receive the new plan from Land Registry a completion date will be set. The estimated cost of land will outweigh what we pay in rent while we wait to complete. We are stuck. What should be a simple RTB sale is turning out to be messy due to the neighbour installing fencing without asking the councils permission or confirming the boundary (we are sympathetic as it’s an easy mistake for the neighbour to make due to the land sitting behind the neighbours garden). The neighbour said he will clear the plot but the council are giving this plot to him. It makes no sense. The council had a resolution to sticking to the Title a Plan but instead said they are ‘protecting the council’ (from what we don’t know we’ve caused no harm).

Norman_Castle

s_w4554 said:

Norman_Castle said:

s_w4554 said:

Norman_Castle said:

s_w4554 said:

Justonemorecupoftea said:

Just make sure the valuation is based on the actual plot, not one with a larger garden (depending on how big a chunk your neighbour now has)

Thank you. Once my solicitor receives a response from the council they are already prepared to ask them to take into account the loss of land (my estimate is between 30-35 square meters worth of land) off the sale price. 

Estimate the price per metre and the total cost After 25 years you will be paying a percentage of the full price. How much is the delay costing you in rent?

My solicitor has got this prepared re the estimated price of land to be taken off the price. We pay full rent, just under £400 a month. The council rejected taking off rent money or even pause our rent account whilst they are trying to decide how to resolve this issue saying its a requirement to continue paying rent. We have served an Initial Notice of delay form and not yet received the councils counter response (two weeks since we served the notice). We think by serving the Initial notice of delay form they have rushed their decision to change the Title Plan as an easier resolution for them.

I'm not suggesting a rent refund. How much will this extra land cost and how does that compare to the delay at £400 per month. It might be cheaper or cost effective to take the land rather than pay ongoing rent while this is debated.

"This change in the councils decision has caused a three month delay in getting to this point and a new completion date hasn't been set yet."

3 x £400 = £1200 and rising. Estimated price of this land after the discount?

  The council had a resolution to sticking to the Title a Plan but instead said they are ‘protecting the council’ (from what we don’t know we’ve caused no harm).

Protecting themselves from boundary disputes at a later date. They don't care about this land, they certainly don't want the cost or hassle of disputing or defending it.

annsummer

Any updates on this please?