How to buy your home
The government’s Right to Buy and Right to Acquire schemes enable social housing tenants in England to buy their homes at a discounted price.
The ability to buy your home depends on your individual tenancy and the type of property you live in. But, in general, you may be able to buy your home if:
- it’s your main home
- it’s a self-contained home
- you’ve had a public sector landlord for three years, eg a housing association or local council (these don’t have to be three consecutive years).
However, you won’t be able to buy if:
- you live in sheltered housing or other housing suitable for older or disabled people
- you’re bankrupt or being declared bankrupt
- you’ve had a court order to leave your home.
You can buy your home with a joint tenant, spouse or civil partner, or up to three family members if they’ve lived with you for the previous 12 months.
Right to Acquire scheme
If you have a lifetime tenancy you may be able to buy your home through the Right to Acquire scheme.
Only homes built by, bought by, or transferred to housing associations after 31 March 1997 are available to buy through the Right to Acquire scheme. Some homes are also not available due to their design or location.
To find out if you’re able to make an application through the Right to Buy scheme, please phone our customer services team on 0300 500 8000.
You get a discount on your home of between £9,000 and £16,000 depending on where you live. We’ll let you know the discount for your area when you apply. Your discount may be less if you’ve used the Right to Acquire or Right to Buy schemes before.
Find out more
Government website: www.gov.uk/right-to-acquire-buying-housing-association-home
Government home ownership website: www.ownyourhome.gov.uk/scheme/right-to-acquire
Right to Buy scheme
The Right to Buy scheme allows you to buy your home at a discount, depending on your individual tenancy and the type of property you live in. To find out if you’re able to make an application through the Right to Buy scheme, please phone our customer services team on 0300 500 8000.
If you’re buying a house, you get a 35% discount – plus 1% for each year over five years that you’ve had a public sector landlord.
If you’re buying a flat, you get a 50% discount – plus 2% for each year over five years that you’ve had a public sector landlord.
However, the maximum discount is £84,200 (£112,300 in London) or 70% of the property value, whichever is less.
Your discount will be less if we’ve spent money building or maintaining your home, and you won’t get any discount if we’ve spent more money on your home than its current market value. Your discount may be less if you’ve used the Right to Buy scheme before.
Preserved right to buy
If you were living in your home when it was transferred to Clarion ownership, you may have what is known as a preserved right to buy. This gives you the same opportunity to buy as the Right to Buy scheme.
Find out more
The government has a dedicated Right to Buy scheme website. The government also offers free and impartial advice on buying your home, the application process, getting a mortgage, finding a solicitor and arranging a survey.
How to apply
Before you apply, you need to check if you’re eligible to buy your home and if your home is available to buy through the Right to Acquire or Right to Buy schemes. To do this, please phone our customer services team on 0300 500 8000.
Selling your home
After you’ve bought your home through either the Right to Acquire or Right to Buy scheme, you’re free to sell it at any time.
However, if you decide to sell your home within the first ten years, you’re legally required to offer it to Clarion to buy back. If you can’t agree a full market price with us, we’ll arrange a valuation to set the price. If we don’t agree to buy your home within eight weeks, you’re then free to sell it to anyone.
Paying back discounts
If you sell within the first five years, you’ll have to pay back some, or all, of your discount:
Year 1 – 100%
Year 2 – 80%
Year 3 – 60%
Year 4 – 40%
Year 5 – 20%
The amount you pay back also depends on how much you sell for: so, if you got a 35% discount when you bought, you’d have to pay back 35% of your sale price.