Lea Hough has been awarded a contract to undertake all ‘Right to Buy’ Valuations for a Blackburn housing association. Twin Valley Homes, a member of the Together Housing Group, has retained the Lea Hough Valuation team to conduct all independent valuations required on their behalf.
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.
The contract win further bolsters Lea Hough’s work in this area, with the firm already having similar contracts in place with a number of local housing associations including Together Housing and Community Gateway.
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.
“The fact that we already have a number of other contracts with local housing associations also puts us in a good position as our Valuation Team has access to a wealth of data relating to sale prices of Right to Buy transactions in several local authority areas, including Blackburn with Darwen, Preston and Chorley”.
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