If you have been a tenant in a local authority or housing association
property for more than five years or moved in prior to 18 January 2005, you may
have the right to buy your home, usually at a discounted price. The discount
amount will depend on how long you have been a tenant and the policy of the
local authority or housing association where you live.
How Can PM Law help?
- Experienced Team - Our team has many years experience in
conveyancing and we understand that you want your purchase to be completed as
smoothly and efficiently as possible. We have assisted many clients to purchase
their homes and ensured that their conveyances are transacted smoothly. We will
help you to understand the right to buy process and deal with all the necessary
legalities.
- Direct Access to your Solicitor - At PM Law
you will have direct contact with your case handler and receive a professional
personalized service. With the inherent potential complexity of right to buy
schemes it important that you instruct a specialist solicitor who understands
the process and ensures that your interests are properly protected.
- On line Tracking - Our unique quote engine and online tracking
facility enables quick and easy instruction, and you can track each step of your
transaction as it is completed and on what date. We provide fixed price property
transactions and you can obtain an instant online quotation by filling out the
online application form.
- Process - The process of your Right to Buy is similar to the
purchase process and for more details on the processes involved in buying a
property please see our purchasing section.
Key differences between Right to Buy Purchase and Residential Property
Purchase:
- You receive your offer to purchase your home from the local authority/housing
association, if you wish to proceed then you need to sign the acceptance and
provide our details to them and send this back to the relevant
authority/association.
- The Council will then send a surveyor to your property to measure the boundaries
of the property (for house purchases not flats) and then the legal department
with then draft the Transfer documentation.
- This process can sometimes take a while depending on which Local
Authority/Housing Association you buy from.
- Instead of the Contract documentation being received as we do in a purchase, we
will receive transfer documentation. You must ensure that you keep paying your
rent up to and including the day of completion. Completion of your right to buy
normally takes place on a Monday and 5 days notice will need to be given to the
Council in relation to a completion date.
- Completion is arranged once we have mortgage offer and everything has been
satisfied in relation thereto, the results of your searches and the signed
transfer documentation.
We would strongly advise that if you are considering purchasing your home that
you obtain the necessary leaflets from the authority/association which contains
full details of the restrictions they will place upon you for future sales and
re-mortgages of the property. The Right to Buy procedures changed significantly
under the Housing Act 2004 and the Council/Association now place further
restrictions on the re-sale of your house. Please ensure you read this carefully
and aware of the restrictions. If you are in any doubt whatsoever then speak to
your conveyancer.
Get
a Right to Buy Quote
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