Right to Buy
The Right to Buy is a Government run scheme that allows some tenants to purchase the property that they rent from the Council. For eligible tenants the price of the property will be offered at a price lower than the full market value.
Who is eligible?
If you are a secure tenant and have held a public sector tenancy (includes Local Authority or other Registered Social Landlord such as a housing association tenancy) you may be able to purchase the property that you live in through the Right to Buy.
If you first became a public sector tenant of a qualifying landlord before 18th January 2005, you must have been a tenant for at least 2 years.
If you first became a public sector tenant of a qualifying landlord after 18th January 2005, you must be a tenant for at least 3 years before becoming eligable.
Who cannot buy?
- any tenant who has a service tenancy in connection with their job.
- any sheltered housing tenant.
- any tenant whose home has been adapted or is particularly suitable for use by the disabled or elderly.
What discount will I receive?
This will depend on the area you live in, the type of property you are buying and the length of your time in public sector accommodation, from April 2015 you could receive up to a maximum discount of £77,924.
A full guide to Your Right to Buy Your home is available on the Department for Communities and Local Government website - see link below.
If you would like an application form for the Right to Buy your Council property, please contact us on 01962 84 84 00