Right to Buy
Right to Buy
If you hold a secure tenancy with Prima Group and have been a tenant of a social landlord for at least five years it is likely that you are entitled to buy your home through the Right to Buy scheme.
The Right to Buy scheme enables tenants to purchase the property they live in at a price which is cheaper than the market value.
Tenants seeking to exercise their Right to Buy are entitled to a discount of up to 60% off the market value of the property, up to a maximum of £75,000. The discount increases with the length of time you have been a tenant with a social landlord (this includes other Housing Association and Local Authority tenancies) but will not exceed the maximum £75,000.
The first step in claiming is to complete a Right to Buy form which you fill in and return to us. Following this we will determine whether or not you have the Right to Buy. If you’d like a form mailed to you, please use the Contact Us page to request one.
Right to Acquire
Tenants who live in Prima Group properties built or purchased after 1st April 1997 may have the right to purchase their home under the Right to Acquire scheme. Right to Acquire is a government initiative which enables tenants to purchase their home with a discount.
If you are an assured or secure tenant and have been a tenant with a social landlord (Housing Association or council tenant) for at least two years (for tenancies taken up after 18th January 2005 this has increased to five years), it is possible that you have the Right to Acquire your home.
If you are interested in buying your home under the Right to Acquire provisions the first stage is to get a Right to Acquire application form, please use the Contact Us page to request one.
Using the information you provide on the form we can decide whether you are eligible for the Right to Acquire. If you do, we will then have your home valued and work out whether you are entitled to any discount (up to a maximum of £10,000 off the market price). Once you have this information, you can decide whether you wish to proceed with the purchase or not.
Voluntary Right to Buy
You have probably heard about the Voluntary Right to Buy Scheme, so if you don’t currently have the Right to Buy you might in the future.
The government alongside the National Housing Federation is still working through the detail of how the Voluntary Right to Buy will be delivered. More detail will be announced in due course.
We’ll keep our website up to date with the latest developments or you can register your interest on the government’s Right to Buy website.