PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

buying a property from housing association

2»

Comments

  • Norman_Castle
    Norman_Castle Posts: 11,871 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    edited 22 June 2021 at 8:30PM
    besimali said:
    preserved right to buy is only for council Tenant, wheres I am on assured tenancy. As far as I knew all housing association properties are up for sale.
    Preserved rtb is for properties previously owned by a council which have been transferred to a HA.
    https://www.ownyourhome.gov.uk/scheme/right-to-buy/housing-association-tenants/

  • HampshireH
    HampshireH Posts: 4,910 Forumite
    Seventh Anniversary 1,000 Posts Name Dropper
    besimali said:
    yea that's what I was told today, but didn't know that HA can refuse to sell the property even without discount due to above reasons, I'm not after any discount, basically I just spend loads on repairs thinking I will be eligible to buy it and only to find out that's not for sale.
    Of course they can. Nobody can make them sell stock if not eligible. There is a housing need in the country. It wouldn't be viable for them to sell to anybody who wished to buy but doesnt fit the criteria.

    Your HA are liable for repairs so there was no need for you to spend a fortune unless you chose to personally upgrade items. If this is the case then you have a right to stay there indefinitely anyway So you are no worse off unless you choose to leave (or get evicted of course)
  •  Your property must either have been: built or bought by a housing association after 31 March 1997 (and funded through a social housing grant provided by the Housing Corporation or local council)
    I suspect that they have looked into it properly (the previous time they might not have looked correctly unfortunately) and either the property was built/bought by the HA before 31 March 1997, or it is a more recent property, that was built without Social Housing Grant (i.e. the construction was entirely funded by something else)

    However, you would still have a Right to Acquire an eligible property, if you were willing to move to one. It's worth noting that there are other exclusions on RTA property eligibility - such as properties in Designated Rural Areas (not always as rural as you might think, as the maps were created in 1995 and have not been updated), and properties suitable for the over 60s (generally, bungalows and supported living schemes).
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 350.6K Banking & Borrowing
  • 252.9K Reduce Debt & Boost Income
  • 453.3K Spending & Discounts
  • 243.5K Work, Benefits & Business
  • 598.3K Mortgages, Homes & Bills
  • 176.7K Life & Family
  • 256.7K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.