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Buying Housing Association flat

S_89
S_89 Posts: 4 Newbie
in House buying, renting & selling
Hi,

I wondering how the Right to Buy scheme works if you buy your council/Housing Association property and then re-sell within 10 years.

You apparently have to re-pay some of the discount. Does anyone know the mechanism for the repayment?

Many thanks,
S

Comments

  • G_M
    G_M Posts: 51,977 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    What does it say in your paperwork?
  • S_89
    S_89 Posts: 4 Newbie
    It doesn't say anything in my paperwork other than the fact that I have the Right to Buy, hence why I am asking on here.

    Anyone with any useful info?
  • KatrinaWaves
    KatrinaWaves Posts: 2,944 Forumite
    1,000 Posts Second Anniversary Name Dropper
    S_89 wrote: »
    It doesn't say anything in my paperwork other than the fact that I have the Right to Buy, hence why I am asking on here.

    Anyone with any useful info?

    Yes. Its 4.50pm, your Housing Association may still be open to call.

    If not, I'm sure they open at 9am tomorrow.
  • theartfullodger
    theartfullodger Posts: 15,823 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Dunno if you've heard of google but it's this great tool for finding information: Try it!


    https://www.gov.uk/right-to-acquire-buying-housing-association-home/selling-your-home
  • [Deleted User]
    [Deleted User] Posts: 7,323 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    There are general guidelines but you may find your HA has its own rules as well. You really are best asking your HA about right to buy. We can't advise as reliably as you need.
  • S_89
    S_89 Posts: 4 Newbie
    edited 26 January 2019 at 3:51PM
    Wow. What a friendly bunch!

    Thank you deannatrois.

    I couldn't ask the Housing Association because it is for a property that I am swapping with - not my own HA and they will only give this information to current tenants.

    I had Googled that link but it doesn't elaborate on the exact mechanism for repayment.

    I thought if there are experts in this field on here - someone might be able to shed some light, perhaps not. Even if people can't help, always nice when people aren't obnoxious for no reason. If you don't know the answer to a question - you can always choose to ignore it.

    This was my first forum post and will likely be my last.
  • csgohan4
    csgohan4 Posts: 10,600 Forumite
    Ninth Anniversary 10,000 Posts Name Dropper Photogenic
    S_89 wrote: »
    Wow. What a friendly bunch!

    Thank you deannatrois.

    I couldn't ask the Housing Association because it is for a property that I am swapping with - not my own HA and they will only give this information to current tenants.

    I had Googled that link but it doesn't elaborate on the exact mechanism for repayment.

    I thought if there are experts in this field on here - someone might be able to shed some light, perhaps not. Even if people can't help, always nice when people aren't obnoxious for no reason. If you don't know the answer to a question - you can always choose to ignore it.

    This was my first forum post and will likely be my last.

    Guess the internet is not for you. Asking for RTB on here you need a thick skin

    I hope you know what your getting yourself into at the tax payers expensive

    https://forums.moneysavingexpert.com/discussion/5856039/service-charge-being-billed-for-5000-major-works

    https://forums.moneysavingexpert.com/discussion/5789909/new-roof
    "It is prudent when shopping for something important, not to limit yourself to Pound land/Estate Agents"

    G_M/ Bowlhead99 RIP
  • -taff
    -taff Posts: 15,444 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    No one knows what your individual HA rules are. You have to ask them

    And asking how you can make money from social housing on this board is like poking a bear...
    Non me fac calcitrare tuum culi
  • HampshireH
    HampshireH Posts: 5,002 Forumite
    Eighth Anniversary 1,000 Posts Name Dropper
    Be interesting to see how you get the RTB on the swap as you won't have it swapped to you by the previous tenant if its an old rtb.

    RtB in its initial format was a benefit awarded to council tenants and honoured by housing associations on stock transfers.

    Are you in an area where the new RTB was being trialled?
This discussion has been closed.
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