Right to Buy (RTB) valuations are essential for local authorities to determine the accurate discount a tenant is eligible for when purchasing a property under the RTB scheme. These valuations are not only crucial for ensuring fairness but also for protecting the financial interests of the Council. If the statutory deadline for completing an RTB valuation has passed, it can lead to significant complications, including potential financial discrepancies and challenges in determining the correct discount. Local authorities must ensure that these valuations are carried out in a timely manner to avoid any issues with compliance or disputes.

Once the statutory deadline has passed, the risk of incorrect or outdated valuations increases, potentially leading to legal challenges from tenants or regulators. Failing to act swiftly could result in the Council being exposed to financial loss, as tenants may receive an incorrect or excessive discount, ultimately affecting the Council’s budget. Additionally, the lack of accurate, up-to-date valuations can delay the RTB process, leading to frustration for both tenants and Local Authorities. Prolonged delays may further undermine the integrity of the RTB scheme, diminishing public confidence and potentially causing reputational damage to the Council.

It’s crucial to act now if the statutory deadline has passed, as the consequences of inaction can have long-lasting financial and legal implications. By engaging experts who specialize in RTB valuations, local authorities can ensure compliance, protect their financial interests, and avoid costly errors. CivicStar’s experienced team can deliver accurate valuations quickly and efficiently, helping Councils stay on track with statutory requirements while minimizing risk. Contact us today to resolve any outstanding RTB valuations and ensure your Local Authority remains compliant, efficient, and well-positioned for future success.