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 three 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 which increases with the length of time they have been a tenant with a social landlord (this includes other Housing Association and Local Authority tenancies). Tenants can receive up to 70% discount off the market value. But, whatever percentage tenants are eligible for, the discount cannot be greater than £78,600. This amount will increase every year on the 6th April in line with the Consumer Prices Index (CPI).
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 that were either:
- built or purchased by a housing association after 31 March 1997 (and funded through a social housing grant provided by the Housing Corporation or local council)
- transferred from a local council to a housing association after 31 March 1997
may have the right to purchase their home under the Right to Acquire scheme. Right to Acquire enables tenants to purchase their home with a flat rate discount. If you are an assured or secure tenant and have been a public sector tenant (Housing Association or Council) for at least three years and your property falls into either of the above categories then 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.
The discounts for this scheme are fixed amounts published by the Government and depend upon where tenants live. The flat rate discount for Merseyside is currently £9,000 regardless of the number of years you have been a tenant.
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 and we will keep our website up to date with the latest developments.