Right to Buy
The Right to Buy scheme gives eligible tenants
the right to buy their property from Longhurst & Havelok Homes
(L&H Homes) at a discount.
The amount of discount depends on how long you
have been a tenant. For example if you have lived in house for 5
years the discount is 35% of the market value of your house. If you
have lived in a house for 20 years the discount is 50%. However,
the discount is limited to the maximum amount available for your
area. The maximum discount ranges from £16,000 to £38,000 for both
flats and houses depending on where you live.
If you purchase the property under the Right
to Buy scheme and decide to sell your home within five years of
buying it, you will have to pay back the discount.
To download ‘Your Right to Buy your home'
click on the link :
http://www.communities.gov.uk/publications/housing/yourright
Right to Acquire
The right to Acquire scheme gives eligible
tenants the legal right to buy the home they are currently renting
from L&H Homes.
The discounts for this scheme are fixed
amounts published by the government. The discounts currently range
from £9,000 to £16,000. The amount of discount you receive will
depend on where you live. If you have previously had a discount to
help you buy property, this may be taken off your Right to Acquire
discount.
You may sell your property whenever you wish,
in just the same way as other homeowners. However, if you applied
to purchase your property on or after January 18th 2005 and sell
within 5 years from the date of the purchase you should anticipate
repaying an amount representing the value of the discount you
received.
To download a ‘Guide to the Right to Acquire’
click on the link :
http://www.housingcorp.gov.uk/upload/pdf/Right_to_acquire_March_2006_20081127151336.pdf