Social homebuy

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Social HomeBuy is a Government scheme which allows some tenants to buy their home.

It is a voluntary scheme and a more flexible alternative to the Right to Acquire.

We offer funding on a first come, first-served basis to qualifying tenants for as long as we have discount money available.

If you can’t afford to buy outright, you will be able to part buy shares from 25% and you will pay a discounted market rent on the remaining share calculated on the value of your home. You will be responsible for the upkeep of your home when you buy, even if you only buy a share.

If you buy a flat, this will mean you will become responsible for a monthly service charge. The part buy, part rent scheme is also known as Shared Ownership.

The discounts available vary according to the borough in which you live up to a maximum of £16,000. If you buy a share in your home, the price of your share is calculated after the discount is deducted from the full value.

Improving health, wealth and wellbeing through housing

Improving health, wealth and wellbeing through housing

Improving health, wealth and wellbeing through housing