Your guide to the right to buy
What happens next?
Cancellation of Repairs/Improvements
Once you have claim the Right to Buy, your property will be
withdrawn from ALL planned and programmed repair/improvement
schemes affecting your home. Where we have a statutory obligation
to carry out certain repairs to your home (usually those of an
emergency nature), this will be met up to the date of completion of
the sale.
Letting you know if you have the right to buy your
home
Once we have received your application form, we will check the
information you provide on your application form against available
records in order to establish whether or not the right to buy is
appropriate.
We will tell you whether you have the Right to Buy within 4
weeks of the date you applied. (8 weeks are allowed when tenancies
claimed with other landlords are needed for the minimum qualifying
period).
If we tell you that you do not have the Right to Buy we will
give you a reason for this decision.
Valuation/survey of your home
If we admit your Right to Buy, our valuer will contact you to
make arrangements for valuation/survey of your property to
establish the market value. We will value your property within 5
weeks of the date we receive your Right to Buy application.
If you are buying a flat, a further dilapidation survey will
have to done to establish what works, if any are, likely to be
required to the common parts of the building within the next five
years.
Our offer
We will issue an offer notice telling you the purchase price and
other related matters within 8 weeks (12 weeks for flats) of
admitting your right to buy.
Your response
You will then have 3 months within which to respond to the our
offer by either:
- Withdrawing your right to buy
- Appealing against our valuation
- Accepting our offer
W e provide a form 'Notice of Intention' for your response.
If you do not respond with the 3 month period we will serve a
further notice which you will need to respond to within 28 days. If
you do not respond the application will be cancelled.
Completion
When we receive your acceptance of our offer we will send the
sales particulars to the Council's conveyancers who will prepare
the formal instructions for your solicitor.
Unless there is something unusual about the sale, this should
take no longer than 5 working days but there will be delays if you
do not tell us who your solicitor is. It will then be up to your
solicitor to arrange completion as soon as possible. We would
normally expect your solicitor to be able to arrange completion of
the sale within a further 3 or 4 weeks, although times do vary
depending on individual circumstances.
Additional Borrowing
If you are thinking of borrowing extra money to carry out
improvements to your property your lender will ask us for a letter
or deed of postponement. This is required so that the lender will
have first call on any money outstanding on the property if it is
sold within the discount repayment period.
We will only issue this if the additional borrowing is for an
approved purpose such as home improvements (your solicitor will be
able to advise on this). We will charge a fee for issuing a letter
or deed of postponement.
Delays
If you feel we are taking too long to deal with your application
at any stage of the process, you can serve notice for the
outstanding matter to be dealt with by a specific date.
If, on the other land we feel you are taking too long to
complete your purchase, we will serve you with a notice to complete
requiring you to complete the sale within 56 days or at least state
why you are unable to do so within this period. The earliest we can
serve this notice is 3 months from the date of the notice of
purchase price. If you do not respond to the first notice, we may
serve a further notice requiring you to complete the sale within a
further period of 56 days, after which your application will be
cancelled.