Right to Buy

Right to Buy is a way of buying the home that you currently rent from your landlord.

Most tenants don’t automatically have the right to buy their rented property. But if you were a secure council tenant of either Stockton, Middlesbrough or Hartlepool councils and were living in your home when it was transferred from your council to Tristar Homes, Erimus Housing or Housing Hartlepool, then you may have a ‘preserved’ Right to Buy.

If you don’t have a preserved Right to Buy, you may be able to buy your property at a smaller discount under another scheme called Right to Acquire. This applies to many tenants of Tees Valley Housing as well as the majority of tenants of Tristar Homes, Erimus Housing and Housing Hartlepool. when the tenancy started after the landlods moved away from the councils. This might change in 2016 so please contact us for more details.

Right to Buy can also apply if you move to another property owned by the same landlord without a break in your tenancy. It doesn’t apply if you move to a property owned by a different landlord, even if the landlord is within the Thirteen Group.

For more information, please contact us.

Discounts available

If you’ve been a tenant for between three and five years, then your discount from the full market value of the property starts at 35% for a house, and 50% for a flat or maisonette.

The discount rises by:

  • 1% for each full year that you’ve been a tenant in a house
  • 2% for each full year that you’ve been a tenant in a flat or maisonette.

We’ll take into account the time you’ve spent as a tenant with other housing associations or councils, as well as any time spent in armed forces accommodation.

The maximum discount is 70% of the market value of a house or a flat, but this is capped at £77,900. This maximum discount will increase by inflation every year, but will remain at £77,900 for 2016/17.

The tables below show examples of discount percentages and purchase price based on properties valued at £100,000. The value of your home will probably differ from this. Until we receive a valid application we're not able to tell you the value of your home. 

Discounts while living in a house
Period in house Percentage discount Discount Purchase price
3-5 years 35% £35,000 £65,000
10 years 40% £40,000 £60,000
20 years 50% £50,000 £50,000
30 years 60% £60,000 £40,000
40 years 70% £70,000 £30,000
Discounts while living in a flat/maisonette
Period in house Percentage discount Discount Purchase price
3 to 5 years 50% £50,000 £50,000
10 years 60% £60,000 £40,000
20 years 70% £70,000 £30,000
30 years 70% £70,000 £30,000
40 years 70% £70,000 £30,000

Making an application

Remember, buying your home is a big decision and a commitment that you shouldn’t take lightly. Even though it can have advantages, you should think carefully about the responsibilities, costs and financial commitments of home ownership.

You should always get independent financial and legal advice before buying your home.

Before making an application, you should read the government’s Right to Buy guide.

You can then apply to buy your home by completing the Right to Buy application form.

You can apply to buy your home together with:

  • someone who shares your tenancy
  • your spouse or civil partner
  • up to three family members who’ve lived with you for the past 12 months. They don’t need to be on your tenancy agreement, but the property must be their main home.

Once we receive your Right to Buy application form, we’ll respond to you within the time set out in the Right to Buy rules.

A family member (or someone else) could provide the funding for the purchase. However, only the eligible tenant and other eligible applicants would have legal ownership of the property.

More information

If you decide that home ownership is right for you, the government’s Right to Buy Agent service offers free and impartial advice to help you through the process of buying your home. You can find out more about the Right to Buy Agent service.

For more help and advice:

  • call our homes sales advisors on 0300 111 1000
  • find out more on our buy a home page.