(09-01-2014, 11:40 AM)THE_Liam Wrote: Not so in my case mate, I bought my house for less than half market value. I could sell my house tomorrow, pay off my mortgage and still have about 90 grand in hand.
That is true, forgot that.
How many years do you gotta live in an ex-council place before you're allowed to sell??
Edit just found on the Leeds council website:
Quote:If you sell your home within 5 years of having bought it from the council under
the right to buy scheme you will usually have to repay discount. Changing the
ownership to your home to include a family member or a partner will be a sale
Quote:If you sell your home within 10 years after having bought it from the council
under the right to buy scheme you will have to give the council the first option
of buying it back. If the council does want to buy your home back it will have
to pay you the market value