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Introduced in 1980, Right to Buy allows council tenants to purchase the council home they live in at a discounted price. Once the housing association receives a Right to Buy application, Lea Hough are instructed to independently advise on the Market Value of the property, which is then used by the housing association to determine a proposed sale price.
James Leech, registered valuer at Lea Hough, commented: “Lea Hough’s valuation team is very well placed to conduct this type of work. Not only do our team know the local areas well and the different house types applicable to Right to Buy, but our team consists of five RICS Registered Valuers; a qualification that’s becoming hard to find amongst surveyors.
Lea Hough is a full service Chartered Surveyors and property consultancy with offices in Preston, Blackburn, Lancaster and Clitheroe. For more information, visit www.leahough.co.uk
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