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Right to buy
cjordan
Posts: 1 Newbie
Hi,
I was looking for some advice. I am currently buying our property using the right to buy.
We received an offer which we accepted on an email.
We then 3 days later received an email off the HA stating they had made a mistake and that they had not applied the government's capping and the quote is now £80k more.
Is this acceptable as the HA by their own admission made the mistake.
I have to ask as it's £80k
I was looking for some advice. I am currently buying our property using the right to buy.
We received an offer which we accepted on an email.
We then 3 days later received an email off the HA stating they had made a mistake and that they had not applied the government's capping and the quote is now £80k more.
Is this acceptable as the HA by their own admission made the mistake.
I have to ask as it's £80k
0
Comments
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Until contracts are exchanged on a property purchase, anything can change, including the price.1
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If they had made the mistake the other way around, and then said it's actually £80k less - would you still expect to pay the full price you agreed to even though it was much more?
I think in this case if they made an error and then had you adjust you just have to accept that.2 -
Presumably you're still receiving a substantial discount?
You can't reasonably expect the HA to willingly sell against government regulation because they made a typo in a communication, or to absorb a five figure loss subsidising a discount higher than the regulation allows.
Mistakes happen unfortunately, you haven't exchanged. As others have said, if it was the other way round, I'm sure you wouldn't be insisting on paying the higher price.Know what you don't1 -
Have you checked the numbers to determine which letter or offer value is correct?0
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when was the application submitted?
assuming England, if this was after 21st November 2024 then the new caps apply (maximum discount £38k)
https://www.gov.uk/government/publications/your-right-to-buy-your-home-a-guide--2/your-right-to-buy-your-home-a-guide
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