Right-To- Buy Scheme Solicitors Advice
Right-To-Buy Scheme: Solicitors Advice
If you’ve been a secure tenant for two or more years in a property owned by a local authority or certain housing associations, the Right-To-Buy scheme may allow you to purchase your home at a discounted price based on your length of tenancy.
Our residential conveyancing olicitors are here to guide you through the process if you wish to exercise your Right to Buy.
Eligibility Criteria for Right to Buy:
- You must be a council tenant.
- The property must be your only home.
- You must have lived in the property for over three years.
- You must be free from any legal debt.
- No outstanding possession orders should be in place.
- The property should not have a demolition order.
Our team will ensure you understand every step of the process and provide the legal support you need.
The Application Process
The first step in the Right-To-Buy scheme is to complete a notice claiming your right to buy. You’ll also need to consider how to fund the purchase, which may involve securing a loan or mortgage to help finance the property.
Getting the right legal advice from the outset is crucial to understanding the full implications of the purchase. At Wildings Solicitors, we’re here to provide the guidance you need.
There are several important factors to consider, such as your potential responsibilities for property maintenance, including routine repairs as well as significant structural repairs and improvements. If you’re buying a flat and become a leaseholder, it’s essential to understand that you’ll be required to pay annual service charges and may be liable for substantial costs related to major repairs and refurbishment.
Once you instruct Wildings Solicitors, we’ll request the necessary documentation from the council or housing association, carefully review it, and report back to you with our findings.
Book your initial consultation with our Employment Solicitors in Birmingham. Freephone 0330 333 8797, request a callback or email info@wildings-solicitors.co.uk for specialist advice.
