Right to Buy/Right to acquire - customer information

Incommunities: Impact of Coronavirus (COVID 19) on Right to Buy & Right to acquire valuation inspections

We all need to work to minimise the spread of Covid-19 to ourselves and our communities.

As the situation continues to develop, we want to let you know about the changes and measures we have put in place to keep our customers and staff safe whilst we remain committed to processing your application.

To request a Right to Buy or Right to Acquire application, or for more information please email Home.SalesTeam@incommunities.co.uk or contact the home sales team on 01274 254262

We are now resuming our usual Right to Buy and Right to Acquire inspection and service once again, Our valuations are undertaken by a RICS certified surveyor in accordance with RICS guidance.

Thank you for your cooperation and understanding about this matter.

 

NOTE: The outbreak of the Coronavirus (COVID-19), declared by the World Health Organisation as a “Global Pandemic” on 11 March 2020, has impacted global financial markets.

Market activity is being impacted in many sectors. As at the valuation date, we consider that we can attach less weight to previous market evidence for comparison purposes, to inform opinions of value.  Indeed, the current response to COVID-19 means that we are faced with an unprecedented set of circumstances on which to base a judgement.

Our valuation is therefore reported on the basis of ‘material valuation uncertainty’ as per VPS 3 and VPGA 10 of the RICS Red Book Global. Consequently, less certainty – and a higher degree of caution – should be attached to our valuation than would normally be the case. Given the unknown future impact that COVID-19 might have on the real estate market, the valuation of your home will be kept under review.

 

Please contact our Home Sales team by email or telephone to ascertain whether you are eligible for the Right to Buy or Right to Acquire before you complete and submit your application form.

Right to Buy

For more on Right To Buy including the form you need to complete to apply, please see the Gov.uk information here: https://www.gov.uk/right-to-buy-buying-your-council-home/applying

Right to Acquire 

For more on Right to Acquire including the form you need to complete to apply, please see the Gov.uk information here: https://www.gov.uk/right-to-acquire-buying-housing-association-home/applying