Buying your home
Did you know that if you currently rent a home with us, you may be able to buy it at a reduced price?
Right to Buy
Right to Buy allows residents living in council owned properties to buy their home. It can also apply to residents living in housing association homes.
Right to Buy does not apply to all Regenda Homes residents, only to those who meet certain conditions:
- you have a Secure Tenancy i.e. one that started before 15 January 1989 and were a residents at that time with Maritime Housing Association
- you have a protected Assured Tenancy granted by Maritime Housing Association
- you have a protected Assured Tenancy granted by Wyre Housing Association
- you have a protected Assured Tenancy granted by Limehurst Village Trust.
You must have been a council or housing association resident for at least five years. Some of our homes cannot be bought under Right to Buy and we will explain this when you apply.
If you qualify, Right to Buy gives discounts on the purchase price of your home. The maximum discount currently available in the North West is £77,900, with an upper limit of 60% of the value for a house or 70% for a flat (whichever is the lower). The discount received depends on the number of years you have been a resident.
If you think you may qualify and would like more details, please contact us on 0344 736 0063.
Right to Acquire
If you do not qualify to buy your home under Right to Buy, you may be able to do so under Right to Acquire.
You may qualify for a Right to Acquire if you have an Assured Tenancy and live in a property that was built or bought with public funds or transferred from a local authority to Regenda Ltd after 1 April 1997.
The maximum discount for homes that qualify under Right to Acquire is up to £9,000 off the open market valuation of the property.
Some of our properties cannot be purchased under the Right to Acquire and there are some criteria which may prevent you from buying your home. We will explain this to you when you contact us.
If you think you may qualify to buy your home under Right to Acquire and would like more details, please call us on 0344 736 0063.
Shared ownership is a low-cost stepping stone towards owning your own home - you buy a share in the property and pay rent on the remaining share. Think shared ownership could be for you? Find out more with our sister company Redwing.