Can I buy my rented home?

There are three Government schemes which enable housing association tenants to buy their home.
Right to Buy

What is it?

The Government introduced the statutory Right to Buy in 1980. It enables secure tenants of public sector landlords, like Hastoe, to buy the property they rent with the benefit of a discount.

Do I have this right?

As Hastoe is now a charitable housing association, tenants are no longer able to purchase their home under the statutory Right to Buy unless they made a formal application to buy prior to Hastoe becoming charitable. Tenants who previously held this right were notified and consulted with prior to the charitable conversion.

Right to Acquire

What is it?

The Right to Acquire is a similar scheme to the Right to Buy, but was introduced in 1997 and applies to properties built with public money or transferred from a Local Authority after 1 April 1997.

Do I have this right?

Unlike the Right to Buy, tenants eligible can still exercise their Right to Acquire now that Hastoe is charitable. To find out if you have the Right to Acquire, email sales@hastoe.com with your name, address and the date your tenancy started. Our Sales team will then investigate if you can exercise this right and what discount you will get on the sale of your home.

For more information on the Right to Acquire scheme, visit www.gov.uk/rightto-acquire-buyinghousing-associationhome

Voluntary Right to Buy

What is it?

In 2015, the Government announced an election commitment to extend the Right to Buy to housing association tenants by way of a voluntary agreement with housing associations. However the Government is still establishing how the Voluntary Right to Buy (VRTB) will work in practice and have been conducting a regional pilot programme to test the policy. This pilot is still in progress and the Government has not yet released any details on further rollout of the scheme. We expect to hear further details about the VRTB in mid-2018.

Do I have this right?

As there have not yet been firm details from the Government confirming how the extension of the scheme will work, we cannot yet confirm if Hastoe will be taking part in the voluntary scheme or who the right will be extended to.

If you have previously contacted the Hastoe Sales team to enquire about the VRTB, we have made a note of your request and we will be in touch with you once the Government releases more details about the extension to discuss this further. If you would also like to be contacted to discuss your options once further details have been announced, please contact us on sales@hastoe.com

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