Right to Buy for housing association tenants
You may recently have seen that the Government has announced plans to extend the Right to Buy to housing association tenants. But what does that mean, and how will it affect you?
The Right to Buy is a scheme that was introduced in 1980 to allow tenants of local authorities to buy their home at a discounted rate. The value of the discount is worked out based on the number of years you have been a tenant. Under current government policy, tenants who live in local authority properties already have this right, but the new proposals would see it extended to include secure tenants of housing associations like Stonewater.
From our experience of taking part in the Voluntary Right to Buy pilot scheme that launched in 2018, we know that many of our customers will be excited at the prospect of buying their home. However, the government has not yet announced how the new scheme will work or when it will be launched. We’ll update this page as more information is released, but you can always check the gov.uk website for the latest updates.
If you’re interested in becoming a homeowner, there are other schemes to help customers buy their housing association home such as the Right to Acquire. If you want to find out more about the Right to Acquire and find out if your home is eligible to buy through this scheme, please contact us.