Owners claim they are being forced out

12th September 2014

Former council tenants who exercised their "right-to-buy" on London estates set to be bulldozed claim they face a financial “nightmare” because they are being offered, in some cases, less than half of the value of their properties.

Leaseholders on the Aylesbury Estate in Walworth now plan to challenge Southwark Council in court over the valuations. Leader of Southwark Council Peter John said: “Offers are based on market evidence and can be verified by the Land Registry. The council is offering the option of a shared equity property, enabling qualifying leaseholders to invest in the regeneration zone and benefit from the uplift in value.”

Evening Standard (09/09/2014)