Voluntary Right to Buy
Stonewater is pleased to confirm that it is taking part in the pilot of the Voluntary Right to Buy Midlands scheme.
The Autumn 2017 Budget confirmed the Government’s intention to proceed with a large-scale regional pilot of the Voluntary Right to Buy (VRTB) scheme in the Midlands.
A pilot in the Midlands, where there is a range of different housing markets, will provide vital information to Stonewater, fellow Housing Associations and the Government before the scheme may be launched nationwide.
Stonewater are keen to play a part in exploring how elements of the VRTB scheme will operate, whilst also giving some of our tenants an amazing opportunity to buy their home at a potentially substantial discount.
Stonewater can confirm that tenanted properties located in the following Local Authorities may be eligible to take part in the scheme, if you are unsure of which local authority your property falls under then you can check this easily by referring to your council tax bill:
In order for our tenants to be as informed as possible before taking the first step to becoming a home owner we have created a number of guides to help you. These will run through things such as how you can check if you are eligible for the scheme, the cost of becoming a home owner, which homes Stonewater will not be able to sell and what will happen if you are offered the option to port your discount.
Your customer journey
Take a look at our illustration of the Voluntary Right to Buy customer journey.
How much discount will I get?
Our discount table shows the percentage of discount you will be entitled to. The maximum is £80,900.
Do you want to make your home your own?
Your guide to buying your home under the Voluntary Right to Buy pilot scheme
Voluntary Right to Buy Policy Guide
Our VRTB Policy Guide explains how we will operate, so the rules are clear to all potential purchasers.
Eligibility & Exclusions Policy
To find out if you qualify for Voluntary Right to Buy and what the exclusions are, please read this policy.
Portability Policy Guide
A guide for tenants looking to 'port' their discount
with us, what is expected from us and what will be expected from the tenant
Frequently asked questions
We've produced a handy FAQ's leaflet that provides you with more information about VRTB.
Once you have read all of the above guides the next step is for you to obtain a Unique Reference Number (URN) from the Government. Tenants must apply on the Government’s VRTB website https://midlands.righttobuy.gov.uk to obtain a URN. The gateway on the website will open from 9am on Thursday 16 August 2018 and will be open for one calendar month (i.e. until midnight at the end of Sunday 16 September 2018). A limited number of URN's will be available and not every applicant will be able to receive one.
Please note that, even if you do receive a URN, there is no guarantee you will be able to buy your home. This also depends on the eligibility of your home and its affordability to you.
Applicants will be chosen at random by ballot after the gateway has closed. The ballot has been chosen to ensure fair distribution of the limited number of URN's. Within a week of the ballot closing all tenants who have registered will be contacted to confirm if they have been successful in obtaining a URN and the next steps to take. If you have not been successful for the time being you will not be able to take part in the pilot. Once you have received your URN you will have four weeks to submit a completed application to us, signed by all parties and including all supporting evidence.
All applications to Stonewater will need to be made online via https://stonewaterhomes.co.uk/voluntary-right-to-buy. - This link will be available on Monday 17 September 2018 once the ballot process has closed and URN's have been allocated.
If you are keen to continue in the purchase of your home then you must ensure you register with the Government portal to receive a Unique Reference Number before it closes on Sunday 16 September 2018.
If you have any queries please refer to our Voluntary Right to Buy Frequently Asked Questions document.
Alternatively contact the Voluntary Right to Buy team by:
- Phone:02380 658858 option 2
- Email: firstname.lastname@example.org
Register for a URN
Registration for a URN is through the Government website: https://midlands.righttobuy.gov.uk