Right to Buy
If you are looking to purchase your home under Right to Buy, we advise you to seek independent legal and financial advice. The scheme is aimed at local authority and social landlord secure tenants.
Buying packs are available from Tamworth Borough Council by emailing righttobuy@tamworth.gov.uk
The Government’s official Right to Buy Agent service is also available to help council and housing association tenants who are interested in understanding and taking up their right to buy their home. The service offers free and impartial advice on Right to Buy and, if you decide home ownership is the right choice for you, their advisers can also help you through the process of buying your home. Contact number is 0300 123 0913. Find out more on their website: https://righttobuy.gov.uk
What is Right To Buy?
You can buy your council home at a discount. This is based on the number of years you have spent as a secure tenant.
You must have been a public sector tenant for a minimum of 3 years. This is most commonly a tenancy with either a Council or a Housing Association.
The qualifying period can be made up from the present and any previous relevant public sector tenancies, these periods do not need to be consecutive.
House discount 35% - 70%
Flat discount 50% - 70%
The maximum discount is currently £96010.00, the cap will increase in April every year in line with inflation.
If you buy a house it will usually be freehold. This means that you will be the outright owner.
If you buy a flat you will be the leaseholder and will incur annual service charges for that property from Tamworth Borough Council.
Can I resell my home after purchasing?
You can sell your home whenever you want but Tamworth Borough Council have the right to first refusal to repurchase the property if you sell the property within ten years from buying it. To sell the property you will require a certificate of compliance from Tamworth Borough Council before you place the property on the market.
You will have to repay a percentage of the market value of the property, disregarding the value of improvements made by the owner of the property, if you sell the property within five years from buying it.
For more information please email righttobuy@tamworth.gov.uk