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Buying council flat in Sheffield
PawelK
Posts: 375 Forumite
Hello. I was wondering if anyone had experience or know what would be the discount given to a council tenant living in a 1bed flat in Sheffield (Heeley) if they want to buy it?
They meet the requirements and I know from Sheffield website the max.discount is £86k. The discount will be dependant on the valuation and years of being a council tenant. Assuming, the value is £50,000 and tenant has lived there for 5 years, any estimate of how much could that be?
Also, is it possible before buying to find out from the council if they plan any major works on the building in order to ensure no major cost share to pay shortly after?
Thank you.
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Comments
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The tenant has the means to ask these questions: Through application form on Sheffield council website.
https://www.sheffield.gov.uk/home/council-housing/right-to-buy
And your relationship to the tenant/tenants, please?0 -
Thanks. I have been on their website already but was hoping someone can tell me from their own experience.theartfullodger said:The tenant has the means to ask these questions: Through application form on Sheffield council website.
https://www.sheffield.gov.uk/home/council-housing/right-to-buy
And your relationship to the tenant/tenants, please?
I am her close cousin but not sure what was the point of your question?0 -
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Thank you Norman. That's a big help.Norman_Castle said:0 -
@pawelk The S125 (offer letter) issued by the council will have details of known works coming up (including estimated contribution by leaseholder) and any known structural issues.PawelK said:Also, is it possible before buying to find out from the council if they plan any major works on the building in order to ensure no major cost share to pay shortly after?Thank you.I am a Mortgage Adviser - You should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
PLEASE DO NOT SEND PMs asking for one-to-one-advice, or representation.
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Amazing, thank you very much.K_S said:
@pawelk The S125 (offer letter) issued by the council will have details of known works coming up and any known structural issues.PawelK said:Also, is it possible before buying to find out from the council if they plan any major works on the building in order to ensure no major cost share to pay shortly after?Thank you.1
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