The Right to Buy your home
Who has the Right to Buy?
You will usually have the right to buy your home provided that you meet the following conditions:
- Your tenancy is secure and is not subject to a possession order.
- You have spent sufficient time as a public sector tenant.
- The property is your only or principal home.
A public sector tenancy includes any time spent as a tenant of a public sector landlord such as the Council or other local authority, Housing Associations, and certain other public bodies.
If your secure tenancy started before 18 January 2005 you must have been a public sector tenant for at least two years.
If your secure tenancy started on or after 18 January 2005 you must have been a public sector tenant for at least five years.
If your secure tenancy started on or after 18 January 2005, but immediately before that date you had been a public sector tenant, for example on an introductory tenancy, you would need two years public sector tenancy.
Changes to the Right to Buy Scheme
In April 2012, the government changed some of the discount limits that apply to the Right to Buy Scheme.
From this date, the previous discount cap of £24000 was removed and the maximum discount now available in the east midlands is £75,000.
Further changes to the Right to Buy scheme
The government announced in early 2013 that it was considering reducing the Right to Buy qualifying period from five years down to three years. This change will require consultation and a change to the law covering the Right to Buy scheme so is unlikely to be implemented for some time.
For the time being, the qualifying period for the Right to Buy scheme remains as it is set out above.
Pages in The Right to Buy your home
- 1. You are here: Who has the Right to Buy?
- 2. How do I claim the Right to Buy?
- 3. Under what circumstances can I lose the Right to Buy?
- 4. Exceptions to the Right to Buy
- 5. Initial Costs likley to be incurred by a secure tenant in excercising the Right to Buy
- 6. Costs associated with owning your own home
- 7. The importance of making regular payments
- 8. Costs associated with keeping your property in good repair
- 9. Repayment of discount
- 10. Warning - Companies and individuals offering help
- 11. Landlords' Right of first refusal