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 with funds acquired from the
Housing Corporation after 1 April 1997. There is a discount applied
to the valuation price dependent upon where you live. The maximum
discount is £16,000.
If you wish to apply for 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.