Buying the home you currently rent

viridianhousing.org.uk

Buying the home you currently rent - Viridian Housing

Buying the home

you currently rent

viridianhousing.org.uk


Buying the home

you currently rent

This leaflet explains how you can buy the

home you currently rent.

Right to acquire

If we bought or built your home after 1 April 1997 with money

provided by the TSA or a local authority, you might have the

`right to acquire’. This means that you can buy your home for

less than its market value.

To be eligible, you must also:

• have an assured or secure tenancy (but not an assured

shorthold tenancy or licence)

• have been a housing association or council resident for

two years

• be up to date with your rent

• not be bankrupt

• not be involved in possession proceedings

Homes that are part of a group of homes let for residents with

special needs are not included in the right to acquire scheme.

This includes homes that are:

• designed with special features for people with physical

disabilities

• let to residents who are suffering or have suffered from

a mental disorder where social services or other special

facilities are provided

• let to residents with special needs who need intensive

support

• part of sheltered housing schemes that are particularly

suitable for elderly people.


If you are eligible for the right to acquire, the discount you

receive will depend on where you live. The discount ranges

from £9,000 to £16,000. These discounts are taken from the

market value of the property but cannot be more than 50% of

the value of the property. If you think that you might qualify for

the scheme and you would like to claim the right to acquire,

you should contact your local or regional office. They will give

you an application form to fill in, sign and date, and send

back to us. We will check the details and confirm, within eight

weeks, whether you have the right to acquire. It will take up

to another 12 weeks to give you details about the price of the

property and the amount of discount you can receive.

You can get more information on the right to acquire from the

following organisations.

Tenant Services Authority

Web: www.tenantservicesauthority.org

Phone: 0845 230 7000

Communities and Local Government

Web: www.communities.gov.uk

Phone: 0303 444 0000

Help and advice

If you have any questions, need help understanding this

leaflet or would like it in another format, for example in large

print, Braille or on audio tape, contact us or go to our website

viridianhousing.org.uk


Contact us

Home ownership team

Viridian Housing

Aura House, 53 Oldridge Road

Balham, London, SW12 8PP

Phone: 0330 123 0220

Text phone: 0330 123 0221

Email: homeownership@viridianhousing.org.uk

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April 2010

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