Council buying private house?

[spinal_tap]

Anyone know anything about a local authority buying a private house in an estate to use under the Social and Affordable scheme?

Do they buy for current market value and are there any restrictions/drawbacks?

 

[Squonk]

My mother sold her house to the council; she was living in a 'dodgy estate' in Cork; she got ~market value. Easiest transaction ever.