Right to Buy/Acquire

Would you like to own your own home? If so, then we may be able to help you. There are a number of ways to buy a home, either a new home or the one you currently live in (if you currently a tenant).

30/04/2007

Right to Buy


If you have a secure tenancy (also known as a Fair Rent) you may have the right to buy your current home. Generally tenants who have the right to buy will have been tenants before 1989. Buying your home through this route entitles you to a discount on the valuation price based upon where you live and the amount of time you have been a tenant. The maximum discount is £34,000.

Right to Acquire*


You may have the right to purchase your current home through this route if your property was built after 1997 with funds acquired from the Housing Corporation. There is a discount applied to the valuation price dependent upon where you live. The maximum discount is £16,000.

If you wish to join either of these schemes you will be responsible for paying all the legal and administration fees and you may also be required to put down a deposit for mortgage purposes. As an owner you will also take on responsibility for your own repairs, maintenance and insurance.

If you are in arrears or if there have been any issues about how you or any member of your family have behaved as a tenant this may affect whether you can buy your home or not.

To find out if your home is eligible for the above schemes contact the Leasehold Department.

*A small number of properties are not eligible for sale through any of our schemes. These are properties designated for older people or the disabled and properties in some smaller rural areas.