Is right to buy the right thing for you?

Harefield Gazette - - NEWS -

ARE you up to date with Right to Buy, 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?

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 A GROUP of ro­tary clubs is look­ing for midwives, chil­dren’s nurses and doc­tors to vol­un­teer in Africa.

Ro­tary Dis­trict 1090, which cov­ers clubs in Berk­shire, Ox­ford­shire, South Buck­ing­hamshire and West Mid­dle­sex, wants vol­un­teers to joins its team on a trip to Ka­muli Mission Hos­pi­tal in Uganda to de­liver train­ing in baby and child care in April 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. How much does it cost?

Home own­er­ship brings many benefits such as free­dom to make changes, a sense of pride and an in­vest­ment for the fu­ture. But it is not the right choice for ev­ery­one and one of the big­gest ques­tions to an­swer is ‘Can I af­ford it?’

When you buy a home you need to bud­get for both one-off costs and on­go­ing costs. And you need to al­low for your fi­nances to change in the fu­ture.

The one-off costs could in­clude stamp duty, pro­fes­sional fees for a sur­vey, con­veyanc­ing and other legal costs. The on­go­ing costs in­clude mort­gage or loan re­pay­ments, re­pairs and main­te­nance. If the prop­erty is lease­hold (usu­ally a flat) there will be an an­nual ser­vice charge and ground rent.

There is plenty of guid­ance avail­able on our web­site to help you add up what this means for you. Work­ing out your bud­get

We have an easy-touse cal­cu­la­tor on our web­site to help you work out what dis­count you could get and if you can af­ford to buy. and Oc­to­ber this year.

Hilling­don Hos­pi­tal mid­wife Gil­lian Pearce has vol­un­teered sev­eral times be­fore. She said: “It’s a valu­able les­son in re­sources be­cause you have to make do with what you’ve got and be flex­i­ble enough to come up with an al­ter­na­tive if it isn’t.”

For more in­for­ma­tion, visit www.ro­tary-ribi.org or email Karen. eveleigh@ya­hoo.com

The Money Ad­vice Ser­vice of­fers free, im­par­tial ad­vice on bud­get­ing, mort­gages and other fi­nan­cial mat­ters. You can con­tact them on 0300 500 5000 or go to their web­site at www. mon­eyad­vice­ser­vice.org. uk.

The Gov­ern­ment’s Right to Buy Agent ser­vice can also help you through­out the Right to Buy 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. What to do next

If you de­cide that home own­er­ship is the right choice for you, and you want to find out more about Right to Buy, have a look at our web­site. If you de­cide to go ahead you will need to fill in the ap­pli­ca­tion form and take the process for­ward with your land­lord.

For more in­for­ma­tion, www.com­mu­ni­ties.gov. uk/theright­to­buy, call 0300 123 0913 or email en­quiry@right­to­buya­gent. org.uk

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