Who Can Help Me
To Buy My First Property?
The
Right To Aquire
Scheme is very similar to the
Right To Buy
Scheme but applies to those who are not council tenants but tenants of
a social landlord or housing association.You wont receive as much of a
discount compared to a right to buy scheme because the discount is
capped at £16,000.Again you will have to pay this discount
back if you sell within 5 years and the previous Social
Landlord/Housing Association must get the first offer for the current
market value before it can be sold on the open market if you sell the
property in under 10 years.
In both instances you will need to apply to your landlord for an
application form.
'HomeBuy' Schemes are alternative options designed to meet the needs of
low income individuals (£60,000 or less per household) or
council/housing association tenants who are unable to afford there own
homes.The eligibality criteria they state is:
- - a first time home buyer
- - a previous home owner who due to unforeseen circumstances can no
longer afford to buy without assistance(perhaps because you have broken
up with your partner)
- - housing association resident or tenant under the council
- - a key public sector worker, like a nurse or teacher
- - if you have a long term disability
