Civil

ex council

minimum period in which ex council house can be sold

omar1234 Sat 10/05/08 11:08

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factor30
Sat 10/05/08
11:19

As with any property you can sell it within minutes of putting it up for sale if you set a low price and there is someone who makes an offer immediately. But it can take years if you set the price too high.

Is that what you meant? It would help if you went to the trouble of writing a full sentence to make your question clear.

factor30
Sat 10/05/08
11:26

read RTB t&cs for your council ...discounts usually have to be repaid on sliding scale if sold within 3 years... full discount repaid if sold within one year. in my area...loads of stuff on internet if you can be bothered

luckyforme71
Sun 11/05/08
11:06

hi read your T&Cs if you have bought your house within a year from them then they will require 100% of the discount 2 years is about 66% and 3 years is about 33% after that then there is nothing to pay back. The council may want to buy back your home but they have to give you market value.

Jenna1978
Sun 11/05/08
13:10

You need to read the document which sold the property (ie either a lease or transfer) which will state the period in which all or part of the discount (some are pro-rata'd, some aren't) given by the council is refundable to them.

The most common was 3 years but I've seen ones for 5 and even provisions for a percentage of the increase in value to be paid back to the council for a longer period.

You also need to check whether the council have any say in who you can sell it to.

Did you use a solicitor for the purchase, they should have advised you of this - did they send you any paperwork and a copy of the transfer/lease?

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