Right to buy

With some tenancies, you may have the Right to buy your rented home. This allows you to buy your home at a discount based on its market value.

The government plans to extend the Right to Buy to more housing association tenants and increase the discounts under the new Voluntary Right to Buy scheme. The roll out of this scheme and the details of these changes will be delayed until at least 2019, following an announcement in the Autumn Statement. The existing rules given here will still apply until at least 2019.

Qualifying for the Right to buy

You must have a Secure tenancy or an Assured tenancy with the Preserved Right to Buy. 

You will only have a Secure tenancy with us if your tenancy started before 15 January 1989. 

You will only have the Preserved Right to Buy if your home used to be owned by East Lindsey District Council and was transferred to us in 1999 while you were living in it.

Exclusions

Some types of property don't qualify for the Right to buy. You won't qualify if:

  • your home isn't self-contained
  • you live in an independent living scheme where services are provided
  • your home has been designed or adapted for people with special needs

You can’t use the Right to buy if:

  • you’re being made bankrupt 
  • a court has ordered you to leave your home 
  • if you have an assured tenancy – you may be able to use Right to acquire instead

We won’t consider your application if you are in rent arrears.

Joint applications

You can make a joint application with:

  • a joint tenant
  • up to three family members who’ve lived with you for the past 12 months (even if they are not joint tenants)

Discounts

You can get a discount on the market value of your home when you buy it. The discount is based on:

  • how long you’ve been a tenant with a public sector landlord
  • the type of property you’re buying - a flat or house
  • the value of your home

The maximum discount in areas where we have properties is £77,900.

You’ll usually have to repay some or all your discount if you sell your home within five years. You might get a smaller discount if you’ve used Right to buy in the past.

Can you afford to buy your home?

  • you may need a mortgage
  • you will need to pay for all your legal and mortgage costs
  • you will be responsible for the cost of all repairs to the property
  • you will be responsible for any service charges for maintaining any communal/shared areas
  • you will be responsible for paying buildings insurance

Before applying to buy your home, we strongly recommend you look at property prices in your area and the mortgage amount you are likely to need.

How to apply

Download the Right to buy information below. Complete the application and declaration forms and return them to us. 

From the date we receive your application, and while we are dealing with it, we will not carry out day-to-day repairs or maintenance to your property. We will still carry out emergency repairs to protect the health and safety of you and your home. 

The property’s valuation is fixed at the date we receive your application and takes account of the property’s condition, including any disrepair.

You can find more information about applying on the gov.uk website or visit the government’s Right to buy website.  

Please contact us if you have any questions.

PDF Right to buy - application form, 344 k Download
PDF Right to buy - declaration form, 38 k Download
PDF Right to buy - guidance booklet, 353 k Download
PDF Right to buy - government booklet, 1221 k Download
PDF Right to buy - process, 164 k Download
PDF Things to consider when buying, 397 k Download

Waterloo Homes residents

If you are a shared owner, leaseholder or market rent tenant, please go to the Waterloo Homes website

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