Selling to Local Council and the financials

user1977

Section62 said:

user1977 said:

Section62 said:

last_mile said:

My local council has re-opened their "Buy back" scheme for ex-council properties which help them achieve certain goals.
One of these goals is to complete ownership of a building like mine, it contains 7 flats and I am the only owner / non-council resident.

I don't know the law in Scotland, but I'd guess the Home Report is simply needed to comply with the law and tick a box?

It's not legally necessary for an off-market sale like this, I would guess the council may have it as a requirement for this scheme though.

Thanks.  Interesting, as councils usually have in-house surveyors, and would normally do a comprehensive refurbishment before letting the flat out. But having an independent assessment and valuation may help them justify the use of public funds I suppose.

I did this sort of thing in a previous life working within a council (buying properties from owner-occupiers at risk of repossession by mortgage lenders, and leasing back to them as council tenants), and I think it was all in-house assessment of value (and what works the council would want to do in order to bring them up to lettable standard).

shinytop

I sold to the local council.  Just like any other sale but without nervous FTBs or chancers causing stress.  They made an offer, paid the money, no issues. No external survey needed.