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Right to buy process - how long does it take?

Hi all, we are currently going through the RTB process which was delayed initially due to Covid. I understand that councils have different time scales however I am just after the average timescale as it says that from this point it can take 4-6 months but I really cannot imagine that is the case. We have accepted the price of the house completed the form and sent back to the council. We have also completed the necessary solicitor forms and sent proof of funds and ID etc. The council have just had the EPC done. We arent having surveys so I am just wondering how long it will be from this stage?

Comments

  • Your landlord usually has up to 4 weeks to reply confirming whether or not you have the Right to Buy your home – up to 8 weeks if you have been with your current landlord for less than 3 years.
    Your landlord will then send you an offer notice (S125) within 8 weeks for a house and 12 weeks for a leasehold property.



  • Your landlord usually has up to 4 weeks to reply confirming whether or not you have the Right to Buy your home – up to 8 weeks if you have been with your current landlord for less than 3 years.
    Your landlord will then send you an offer notice (S125) within 8 weeks for a house and 12 weeks for a leasehold property.



    Thanks! We’ve already had the offer within the 8 weeks and accepted the amount. No mortgage needed and no surveys so
    just wondering how long this will now take!
  • thaddy
    thaddy Posts: 118 Forumite
    Part of the Furniture 100 Posts Name Dropper Combo Breaker
    edited 6 October 2020 at 11:37AM
    Since no mortgage is needed it will depend on how quickly the conveyancing process takes which is usually 4-6 weeks. We are in the 'Right to Acquire' process and instructed solicitors nearly 8 weeks ago, our ID checks were done but have not had much progress. Our housing association is yet to get the contract pack together, they needed to get conveyancing plans drawn up for the land registry as it's a relatively new property and they are in the process of putting together a new lease so that's causing the delay. 
  • FtbDreaming
    FtbDreaming Posts: 1,127 Forumite
    Fifth Anniversary 1,000 Posts Name Dropper
    I just bought mine in august... the whole process took 10 months. The bit from accepting offer price to completion was 6 months. They don’t have any timescales they have to stick to so we’re extremely slow/ unresponsive with me. 
    Mortgage started August 2020 £69,700
    Mortgage ends Aug 2050 MFW: Aug 2027 
    Current Balance: £58,678
    MFW2020 #156 £723.13
    MFW2021 #26 £1184.71
    MFW2022 #11 £197.87
    MFW2023 £785
    MFW 2024 £528.15

    Determined to make it! 
  • For those wondering its still ongoing 1 year later 🙈 we are at the final stages and covid has played an issue but yep 1 year on
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