Tenants’ Right To Buy or Acquire

Information to help tenants decide whether to exercise their right to buy.

There is provision in the Housing and Planning Bill for housing providers to implement the Right to Buy on a voluntary basis. The Bill is currently going through the Parliamentary approval process and is likely to become law around June 2016. We are still waiting for details of how the scheme will operate, as information from the pilot organisations is currently being considered by the Government. For example, the Government has indicated that they may decide to phase the introduction of the scheme. Find out the latest information about Right to Buy on the Government’s website.

Do I have a right to acquire my home?

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Right to Acquire allows most housing association tenants to buy their home at a discount.

Who can exercise the Right to Buy?

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Town and Country Housing Group is not a Right to Buy Landlord but those tenants who transferred from Tunbridge Wells Borough Council on 30th January 1992, may have the “Preserved Right to Buy”.

Are any dwellings excluded from Right To Buy?

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YES There are a number, including sheltered housing for the elderly and those with special physical and/or mental needs.

What is the procedure for claiming the Right to Buy?

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This article explains the process and what will happen if you decide to apply for Right To Buy…

How is the price worked out?

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We will arrange for an independent open market valuation of your home. There are set discounts, which are calculated to fix the purchase price…

Are there any restrictions I need to be aware of?

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This question looks at system based dwellings, sales restrictions and discount repayment…

How do I get a mortgage for Right to Buy?

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There are many lenders providing different types of mortgages. It is therefore vital that you consider all the options…

How do I get a survey for Right to Buy?

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If you buy your home, you will take on responsibility for any outstanding repairs or structural problems although the sale price will reflect any that are discovered on valuation.

How do I get legal assistance for Right to Buy?

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Most buyers instruct a solicitor or licensed conveyancer to handle the legal procedure to complete the purchase…

What repairs will I be responsible for after I buy my home?

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After you have bought your home, you alone will be responsible for the future decoration, repair and maintenance of the interior of the property and its services such as gas, electricity and water.

What else do I need to consider when I buy my home through Right to Buy?

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In this article we look at service charges, occupational costs, life assurance, mortgage protection, future sale of your property, your future mobility and checking you have done your sums…

Get advice before deciding if Right to Buy is the right choice.

Home ownership brings many benefits but it also involves responsibility and risk. Our frequently asked questions give you information to consider before deciding whether or not to purchase your home. It is not a definitive statement and you are recommended to seek advice from appropriate professionals such as financial advisers, solicitors and surveyors.

If you obtain a loan [e.g. a mortgage] to finance the purchase or if you use your home as security for further loans and fail to keep up with repayments then the lender may take possession of the property. They will sell it to recover the money you owe them. Property values have generally increased in the medium to long term but past performance is no guarantee of future performance and values can fall as well as rise. Prospective purchasers must bear this in mind.