you can of course make allowances for any work that you have carried on on the property which has resulted in its increased value
The redemption figure is basically the final figure that the council give you that will cost you to buy them out. So basically it would be what you borrowed from them, plus interest, plus claw back price, those three added together will be the redemption figure = what you need to give them to buy them out.
if you wish to buy the council out there is a number of things you will need first. First you MUST be in the property a year. Secondly, you will need to have the apt valued by your own valuer, plus the council will send out someone to value also (to match yours) then you must get the redemption figures from the council to be able to go to your local bank/building society to buy them out.
hi bradfield, i would be very interested and love to know how the process worked if you could let me know. I too bought my house with fingal county council 6 years ago and at the time i got approx. 30% discount, so just wondering would it be worth my while to buy them out, house has gone down appro. 50,000 i'd say in last year
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