Sell and Rent Back your Glasgow Council House
Selling your Glasgow Council House?
Tips for those selling ex council properties.
If you bought your Glasgow council house over three years ago you may have an untapped source of wealth available to you. Why not sell your home today for cash for a top price, and sell and rent back.
WHAT RULES APPLY TO BUYING MY COUNCIL HOUSE?
You need to have rented your ex-council Glasgow home for a minimum length of time house for in order to qualify for a discount. In Glasgow this would be between two and five years, and in addition your council tax must be up to date i.e. you have no arrears outstanding.
The new Housing (Scotland) Act 2001 was in fact introduced in 2002, and the Right to Buy was made law on 30th September 2002. The rules regarding discounts only affected tenants who moved after the new act was introduced. Tenants in place before the act was enacted, and still remaining in the same property, had or have the old discounts applied. For full information contact your local authority.
I WOULD LIKE TO BUY MY COUNCIL HOUSE
Contact your local authority in the Glasgow area, who will provide you with the relevant information, and application forms, and advise you if the property is in a qualifying area.
WHAT DISCOUNT CAN I EXPECT?
Discount is calculated depending on the amount of time you have spent as a qualifying tenant. For tenancy's after Setember 2002, discounts vary from 20% to 35%, or a maximum of £15,000. For tenant's before September 2002, the discount varies from 30% to 60%, and sometimes as much as 70%, dependant upon the house type. In order to qualify, it is likely that the tenancy must have been continous i.e. without a break.
WHAT IS THE APPLICATION PROCESS?
- Once the application has been accepted, a valuation will be carried out, and an offer of sale made to the tenant
- The tenant will now have eight weeks to accept the offer and organise finance, if required
- The tenant will require a solicitor to act on their behalf
Can I get a quick house sale from the "Property Advice Bureau" beore three years ? Yes
After a three year period the tenant can sell without penalty, but prior to this a penalty system will be in place on a pro rata basis with regard to the length of time the tenant has owned their home.
Yes, you can sell to the Property Advice Bureau before three years, as we are happy to buy a Council House Property in the Glasgow area, even if it has not been held for the full qualifying period. The Property Advice Bureau would settle any discount owing to the council on behalf of the tenant/new owner, we will even rent back your home. Whatever your circumstamces mortgage arrears, facing repossession due to financial problems, even eviction, we are here to help.
This would enable you to release perhaps thousands of pounds for that trip abroad to visit family and/or friends, whilst enabling you to remain in your home for as long as agreed.
Contact Glasgow's best property cash buyer, the Property Advice Bureau now, today. We can help you virtually regardless of your present circumstances.
