Righttobuy.coop is a social enterprise that is owned and operated by its members for people to gain help and support when buying their council or housing association homes.
Righttobuy.coop is a social enterprise that is owned and operated by its members for people to gain help and support when buying their council or housing association homes.
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Right to Buy allows most tenants to buy their council or housing association home at a discount. Use the eligibility checker on the Right to Buy website to find out if you can apply.
Family members may be eligible to join in the Right to Buy with you. However, if they are not named on the tenancy agreement, they will need to have lived in the property for the past 12 months. There is nothing in law that specifies how a Right to Buy purchase should be financed.
You can get a discount on the market value of your home when you buy it if you qualify for Right to Buy.
The maximum discount is £82,800 across England, except in London boroughs where it’s £110,500. It will increase each year in April in line with the consumer price index (CPI).
Once you receive your offer which is called a section 125 notice you have 12 weeks to decide what you want to do. If you accept the offer it could take at least 3 further months for the sale to complete. Each application is different. It will usually take around 9 months from submitting your application to completing the sale, although Right to Buy Co-op normally manage to get you through the process in 4 months.
Our calculator can be used as a rough guide to help you work out the discount you may be eligible for under the current Right to Buy scheme. You will need to complete all the boxes including adding the approximate value of your home, which you can get by using our valuation tool and taking the estimated price.
You are likely to need a loan or mortgage, which you would pay back with interest, usually in monthly instalments to purchase your property unless you have the means to purchase your property yourself.
There is an easier way of buying your home. Each year we help more and more people find their way through the Right to Buy and Right to Acquire process. We provide support and advice and can take people through home buying procedures with a wealth of knowledge and experience, so there is always somebody to turn too. We run Right to Buy Seminars, which are teaching people how to budget financially for their new homes and how to save money and prevent getting into debt. We have also just launched RTB123 which saves you any upfront costs which are normally associated with buying a property. We offer our services in partnership with local councils and housing associations because we believe that there is a need for an independent service which tenants can trust to have their best interests at heart at all times.
We are a group of people who are passionate about helping people buy their homes, supporting those who get confused when making such a large decision. We are totally reliant on our members and individuals who share our heart to support our work as we receive no government funding. We currently have a vision of being able to help people in every town and city in the UK so we can reach everyone needing advice as quickly as we can.
Unlike fee-charging companies, our service is funded by partner companies, not paid for by clients. This is made possible by the contributions that financial and legal firms make to us when you choose to use our affiliated partners. As a result, our advice to those in need is genuinely free. It’s based on what’s best for them, not what’s profitable for us.
We’re a social enterprise, so unlike many other advisors and companies we’re not driven by profits or shareholders. Instead, our advice is always free and our priority is always you.
As a Social Enterprise we abide by the following values;