Right to Buy
Residential Conveyancing Solicitors
Under the Right to Buy scheme if have been a secure tenant for two years or more in a property owned by a local authority or certain housing associations, you may be able to buy your home at discount calculated on the length of the tenancy.
Our Residential Conveyancing Solicitors can assist if you wish to exercise your right to buy. Book your free initial consultation with our team form more information about the Right to Buy scheme. Freephone 0330 333 8797, request a callback or email firstname.lastname@example.org.
What is Right to Buy?
You must meet the criteria below to be eligible for Right to Buy:
- You are required to be a council tenant
- The particular property must be the only home you are a resident of.
- You must have resided in the property for more than three years
- You must be free from any legal debt
- You cannot have any outstanding possession orders against you
- The property must not have an outstanding demolition order
The Application Process
Often the starting point will be to complete a notice claiming a right to buy. You will also have to consider how the purchase will be funded and you may need to get a loan or mortgage to enable you to exercise the Right to Buy.
It is important to get the right legal advice from the outset so that you are aware what the implications of the purchase will be and Wildings Solicitors will be happy to advise you.
Some of the issues you will need to consider are your potential responsibilities for the costs of maintaining the property including routine repairs and major structural repairs and improvements. If you become a leaseholder by buying your flat, you should be aware that you will have to pay service charges each year, and also meet the costs of major repairs and refurbishment which can be substantial.
Once you have instructed Wildings we will ask for the paperwork from the council/housing association and peruse the documentation and report to you accordingly.
Book your free consultation today to discuss your transaction in more detail with our Expert Residential Conveyancing Solicitors. Freephone 0330 333 8797 or email us at email@example.com.