Buying your home

See other pages

The Right to Buy

Your tenancy agreement gives you the legal right to buy your home if:

  1. You have been a tenant - with the City Council, Northwards Housing or another public sector landlord (like another council or housing association) - or lived in armed forces accommodation for a specific time. If you become a tenant before 18th January 2005 the specific time is two years. If you became a tenant on or after that date, the specific time is five years.
  2. You do not you live in specialist housing - for elderly or disabled people for example.
Picture of a house
Do you want the right to buy?

You can buy your home at a discount price below its market value - the longer you have been a tenant, the bigger the discount. If you live in a house you will get between 32 percent and 60 percent off the market value. The discount if you live in a flat is between 44 percent and 70 percent. But the discount can only go up to £26.000.

Although Northwards Housing manages your home, you would be buying it from the City Council who still own it.

If you buy your home, you can sell it in the future - but if you do this within a specific time you will have to pay back some or all the discount. If you applied to buy your home before 18 January 2005 the specific time is three years. If you applied to buy your home on or after that date, the specific time is five years.

print print this page

email email this page to a friend