Mr. John McCarthy:

We would rely on the local authority to carry out the valuation. As the relevant housing authority, it is for the local authority to determine the purchase price, to calculate, in effect, what the tenant purchaser would have to pay. That said, if there was a dispute, I am sure that the local authority would engage with the prospective purchaser. If there were different valuations, they could be examined, but ultimately the housing authority makes the call.