Right to Buy
Purchasing your Havebury home through Right to Buy
Tenants who transferred from St Edmundsbury Borough Council may have the Preserved Right to Buy. This gives tenants a right to purchase at a discount, based on the length of time they have lived in public sector housing.
DISCOUNT CHANGES TO THE RIGHT TO BUY (PRESERVED RIGHT TO BUY)
You may be aware that the Government has recently announced some changes to the maximum discount entitlement under the Right to Buy Scheme. With effect from 6 April 2015, the maximum discount entitlement for new applications received on or after 6 April has increased from £77,000 to £77,900. (Note: this does not apply to those who applied prior to 6 April 2015.) This was a new rule that was introduced last year, which stated that the maximum discount would increase if the Consumer Price Index (CPI) also increased. If the Index does not increase, the maximum discount will remain the same.
Please note that this Right to Buy scheme only applies to our tenants who were transferred to Havebury by St Edmundsbury Borough Council on 24 June 2002 (known as Preserved Right to Buy) and have remained a Havebury tenant since then. If your tenancy started after this date, you will not qualify for this scheme. If you are unsure of what you might be entitled to, please contact the Home Ownership Team on 01284 722053 who will be pleased to assist or this information sheet may assist you from the Department for Communities & Local Government - Your Right to Buy your Home.