Right to Buy & Right to Acquire
You might be able to buy your current home if you qualify for the following schemes.
Right to Buy
This scheme allows tenants to buy their council or housing association home at a discounted price. The Right to Buy is personal to an individual and to be eligible you will need to have been a secure tenant of Maidstone Borough Council and were living in the property when it transferred to Golding Homes.
The amount you will have to pay for your home depends on how much it is worth on the open market. You will receive a discount based on the number of years you have been a tenant. The maximum discount has risen to £77,900. This does not mean that you will qualify for a discount of £77,900 - this level of discount will be worked out based on the type of property and how long you have held the tenancy.
If you were not a tenant of Maidstone Borough Council at the time of the transfer of homes to Golding Homes then you do not have the Right to Buy. However you may have the Right to Acquire. Find out more by reading our leaflet Right to Buy Right to Acquire[pdf] 5MB and the Right to Buy Information for Golding Homes' tenants. You can also visit www.righttobuy.communities.gov.uk where you will find a booklet called "Want to make your home your own".
Right to Acquire
The Right to Acquire is a scheme giving eligible tenants of Golding Homes the right to purchase the home they currently rent. To be eligible you must be an assured tenant of Golding Homes, with at least three years previous tenancy with a public sector landlord.
The Right to Acquire does not apply to all properties owned by Golding Homes. Certain properties in rural areas (villages), or homes specially adapted for elderly or disabled people are exempt from Right to Acquire. As with Right to Buy, you may buy your home with someone who is a joint tenant with you, or members of your family if they are eligible and if the property is their only or principal home.
How much you pay to buy your home under the Right to Acquire scheme differs from Right to Buy. The discounts you will be entitled to are fixed cash amounts, based on the location of your property. Currently, in the Maidstone area, the amount is fixed at £11,000. Find out more information in our leaflet Right to Buy Right to Acquire[pdf] 5MB
For more information about these schemes contact us on 0300 777 2600 or email us at firstname.lastname@example.org