FAQs - Right to Buy

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Right to Buy

  1. Can I buy a different property to the one I live in?

    Under the Right to Buy you can only purchase the home you currently live in. You will not be able to purchase another of our properties.

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  2. Can I buy my home with cash or do I have to have a mortgage?

    It’s up to you how you fund the purchase, whether by cash or mortgage. However, we will ask you to declare how you intend to fund the purchase. Large cash amounts are subject money laundering regulations and both your, and our, solicitors will carry out the relevant checks. We would strongly recommend that you seek professional financial advice before going ahead with the purchase.

    You would need to discuss any specific funding issues directly with your lender. For example, if you wanted to use your discount as a deposit for a mortgage, or if you can borrow additional money to make improvements to your home.

    If you have rent arrears you can still apply to buy your home. However, you must make any outstanding payments before completion.

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  3. Can I buy the garage I rent from you?

    We not sell individual garages so if you are paying a separate rent for a garage, you will not be able to buy this with your purchase of your home.

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  4. Can I share my Right to Buy with anyone else?

    You can share the Right to Buy with up to three family members who have lived with you for at least the past 12 months (even if they don’t share your tenancy). Qualifying family members include a parent, grandparent, child, grandchild, brother, sister, uncle, aunt, nephew or niece.

    If you are sharing your Right to Buy with a spouse, civil partner or partner they must be living with you, and if your partner is not your spouse or civil partner they must have been living with you for at least 12 months.

    Family members can give you the money to buy your home but the purchase will be in your name (the tenant) only. Family members who are giving you the money, but do not live with you, will not be included in any of the Right to Buy documentation. You will also need to be able to prove to your solicitor that the money has come to you legally.

    Please be cautious if someone you do not know contacts you regarding buying your home or offers you money to buy it. They may be trying to persuade you to do something that benefits them rather than you. If this happens we strongly recommend that you seek legal advice.

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  5. How much discount will I get?

    Discount is calculated based on the length of time you have been an assured or secure tenant based on a sliding scale up to a maximum of 70% of the purchase price or £80,900 – whichever is the highest. See GOV.UK for more information.

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  6. How much is my home worth?

    We value our homes every year, so we will give you an estimated price that you can use as a rough guide to help you decide if you can afford to buy. If you decide to go ahead with your Right to Buy application (RTB1) and it is agreed by us, we will then arrange for your property to be valued by an independent valuation company.

    We will ask you what, if any, improvements you have made to your home and pass this information to the valuer who will assess the market value of your home as if the improvements have not taken place.

    We will then write to you with an offer notice stating the current full market value, less the discount you are entitled to, which will be the amount you will have to pay to buy your home.

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  7. Is there any charge for applying for the Right to Buy?

    We will not charge you for applying for the Right to Buy. However, you will incur some charges if you decide to go ahead with the purchase, such as solicitor’s fees, surveyor’s fees, a mortgage fee, stamp duty, and Land Registry fees.

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  8. I’m thinking about moving on a mutual exchange, will I be able to buy my new home?

    If you have a Preserved Right to Buy because you have been an assured (secure) tenant since before 11 March 2002 you will keep this right if you are moving to another home owned by us.

    If the tenant you are exchanging with does not have the Right to Buy, they will not gain this on exchange.

    If you are exchanging with a home that is not owned by us, you will lose your Right to Buy.

    The home you are moving to must be owned by us and must also be eligible for the Right to Buy.

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  9. We have a joint tenancy, but only one of us wants to buy. Will that be okay?

    Yes, provided the tenant not wanting to buy gives their consent on the application form (RTB1). However, we will still need to meet with them before we progress the application.

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  10. What is the difference between freehold and leasehold?

    If you live in a house your home is likely to be a freehold property. This means that you will buy your home and the land, which we will show you on a plan at the offer stage.

    If you live in a flat or maisonette you will be buying your home as a leasehold property which will usually include any sheds or storage areas that are included in your tenancy. This means that if you buy your home, we will give you a full 125-year lease. We will still own the freehold of your home.

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