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Original poster

No right to buy!!!!!!!

12 replies

jambuttie · 02/01/2006 19:38

When we took this house on from housing association we signed the no right to buy contract thing

Apparently though the laws are changing so we can buy

any one know if this is true?

OP posts:

spacedonkey · 02/01/2006 19:42

I'm not sure what the law change means, but I did a mutual exchange from a council property with RTB to a HA property which had, as far as I knew, no RTB. Then I got a letter a couple of weeks ago saying that I have got the "right to acquire"!

Mercedes · 02/01/2006 22:20

I've not heard about any plans to change the rtb. Only council tenants and assured tenants with the preserved rtb (following a stock transfer to an HA) can buy their properties. The only HA tenants who have the possibility of buying is where the HA is a non-charitable one. Even then it's not a right - its just if the HA decides the want to sell the properties.
Tenants of charitable HAs have the right to acquire but its not as generous and there are more limitations.

spacedonkey · 02/01/2006 22:22

I noticed that the discount is not as high as that offered by local authorities mercedes

Original poster

jambuttie · 03/01/2006 11:38

maybe a silly question but what doe right to acquire mean??

OP posts:

Mercedes · 03/01/2006 13:21

If you google Right to Acquire or go on the Housing Corporation's website- you will find a pamphlet that goes through the basic detail
www.housingcorp.gov.uk/yourhome/rta.htm

Sorry don't know ho to add a link.

Basically it's a limited version of the rtb but only for those properties that have been built or bought by an HA after 1/4/97. So lots of people will not qualify.

Original poster

jambuttie · 03/01/2006 16:43

Thanks for that hun

went to website you gave but it doesn't let me download the pamphlet.

tried going to my local ha website but it aint running yet

OP posts:

spacedonkey · 03/01/2006 16:43

not that I could afford to buy mine anyway!

expatinscotland · 03/01/2006 17:00

depends on the area. a lot of places are scrapping right to buy or putting a moratorium on it b/c of the acute lack of affordable housing available to rent. our local authority now only offers discounts of about 10%

spacedonkey · 03/01/2006 17:01

I'm surprised that my HA is offering the RTA as I'm in central London where there is definitely a shortage of affordable housing

yabba · 05/01/2006 20:05

Hi, I'm new on Mumsnet but feel I can answer this as I am in the middle of RTB at the moment. It has all been accepted, I'm just waiting for the paperwork to be signed. Basically they have capped the discount now to a max of £38,0000 in my area and you have only 12 weeks from accepting the price the council offer the house for to completion.Also, for the first 10 years after buying, I have to give my council first offer to buy and for the first 5 years if you decide to sell you have to pay some of the discount back.

peaches27 · 17/04/2006 17:40

I am a housing association tenant. We were told 2 yrs ago that although we dont have right to buy we are covered by another scheme called the Voluntary Purchase Scheme which gives discounts of between 9,000 and 16000 depending on how much rent you have paid (I think?). It was two years since I looked into this so things might have changed.

expatinscotland · 17/04/2006 17:49

Definitely true in Scotland. The right to buy exacerbated the extreme shortage of affordable housing to rent, so newer tenants do not have it at all w/housing association. Many councils have also suspended it for a year or more w/option to extend. Discounts are now only 10% off market value for some councils as well.

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