Is right to buy the right way for you to own your home?

Harefield Gazette - - NEWS -

COUN­CIL and hous­ing as­so­ci­a­tion ten­ants are you up to date with Right to Buy?

Right to Buy is the scheme that helps el­i­gi­ble coun­cil and hous­ing as­so­ci­a­tion ten­ants buy their home by of­fer­ing a dis­count on the pur­chase price.

Since the scheme was re­freshed in April 2012 the dis­counts have in­creased. Cur­rently, el­i­gi­ble ten­ants can get up to 70% off the cost of their house or flat up to a max­i­mum cash dis­count of £77,000 in Eng­land, and £102,700 if you live in Lon­don. Each year th­ese dis­counts will in­crease by the rate of in­fla­tion.

Since 2012 nearly 30,000 peo­ple in Eng­land have be­come home­own­ers through the Right to Buy scheme. Could this be the right time for you – or some­body you know – to join them?

Home own­er­ship is not the right choice for ev­ery­one and po­ten­tial own­ers need to be sure they can af­ford it. But home­own­er­ship also brings many benefits such as free­dom to make changes, a sense of pride and an in­vest­ment for the fu­ture.

Re­ceipts from ad­di­tional Right to Buy sales go into build­ing new af­ford­able hous­ing.

Who qual­i­fies for the Right to Buy?

Ten­ants are likely to be el­i­gi­ble to buy their cur­rent home if they can an­swer ‘yes’ to the fol­low­ing ques­tions:

Are you cur­rently a coun­cil ten­ant, or were you living in your home when the coun­cil trans­ferred it to an­other land­lord (hous­ing as­so­ci­a­tion)?

Have you been a coun­cil or hous­ing as­so­ci­a­tion ten­ant for 5 years or more?

Can you con­firm that you do not live in shel­tered hous­ing or other hous­ing de­signed for el­derly or dis­abled peo­ple?

In ad­di­tion, ten­ants need to be free from legal prob­lems with debt or out­stand­ing pos­ses­sion or­ders, and their home isn’t due to be de­mol­ished.

If you don’t qual­ify at the mo­ment, keep an eye on news about Right to Buy as the Gov­ern­ment is hop­ing to make fur­ther changes to el­i­gi­bil­ity later this year.

What to do next

If you want to find out more about buy­ing your home and whether you are el­i­gi­ble for a dis­count through Right to Buy, have a look at our web­site. There is an easy-to-use cal­cu­la­tor to help you work out if you can af­ford to buy and lots of prac­ti­cal tips about the buy­ing process.

If you de­cide to go ahead you will need to fill in the ap­pli­ca­tion form and take the process for­ward with your land­lord.

Sup­port from start to fin­ish

The Gov­ern­ment’s Right to Buy Agent ser­vice of­fers free and im­par­tial ad­vice on Right to Buy. If you de­cide that home own­er­ship is the right choice for you, the ad­vis­ers will help you through­out the process from ap­ply­ing to com­plet­ing. The ad­vis­ers can pro­vide in­for­ma­tion on find­ing a mort­gage, ap­point­ing a solic­i­tor and ar­rang­ing a sur­vey.

If you are mid­way through buy­ing and have a prob­lem, get in touch with the Agent ser­vice and they can ad­vise you.

The ad­vis­ers are avail­able from Mon­day to Fri­day, 8am un­til 6pm. You can phone them on 0300 123 0913.

For more in­for­ma­tion: Web­site: www. com­mu­ni­ theright­to­buy Phone: 0300 123 0913 Email: en­quiry@ right­to­buya­

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