Buying Your Home
Buying your home
There are three government schemes that may allow you to buy your home, the Right to Buy if you have lived in your home since before 1999, the Right to Acquire if you moved in to your home since 1999, and in August 2018 the Government launched a Voluntary Right to Buy Pilot Scheme for the Midlands.
Preserved Right to Buy
If you moved in to your home before 25th March 1999 you may qualify for the Preserved Right to Buy. You need to have had a minimum of three years occupation of a property as a public sector tenant, but you don't need to have lived in the same property.
This scheme provides eligible tenants with the possibility of purchasing their property with a discount of up to 70%. The discount is based on how long you have been a tenant.
Further information on this scheme can be found on our Preserved Right to Buy webpage, and on the Government website. You will find these links in the menu on the right hand side.
Right to Acquire
If you became a new tenant with the Trust after the date of transfer from Telford & Wrekin Council on 25 March 1999, you can only apply for the RTA. To qualify you must have spent three years as a public sector tenant of one of the qualifying landlords as listed in the Government’s booklet ‘Right to Acquire: Buying Your Housing Association Home’.
This scheme provides eligible tenants with the possibility of purchasing their property with a fixed discount of £9,000. The discount is set by the government.
Further information on this scheme can be found on our Right to Acquire webpage, and on the Government website. These links can be found on the right and side.
Voluntary Right to Buy (pilot scheme for the Midlands)
On Thursday 16th August 2018 the Government launched its new Voluntary Right to Buy pilot scheme for the Midlands.
The scheme provides eligible tenants with the possibility of purchasing their property from The Wrekin Housing Trust, or another housing association within the pilot area. Unfortunately tenants in Retirement Living and sheltered housing, as well as those who transferred across from the local authority with a preserved right to buy are not eligible for this scheme.
Tenants wishing to pursue this opportunity should enter the Government run ballot. The ballot process is entirely random and if you are successful you will be assigned a unique reference number which will enable you to make an application to the Trust to purchase your property. The ballot is open until Sunday 16th September 2018.
Further details for the scheme, including information on how the ballot process works, can be found on our Voluntary Right to Buy webpage and on Government’s website on the right hand side.
Last Updated : 29 August 2018