Voluntary Right to Buy
What is Voluntary Right to Buy?
If you’ve been with PA Housing for more than 3 years, you might be eligible for the brand new phase of the government’s Voluntary Right to Buy pilot. The scheme may make it possible for you to buy your home from us, with a discount on the market value of up to £80,900 (the longer you have been one of our customers, the higher discount you may be eligible for).
Although the original Right to Buy scheme was initiated back in 1980 and reinvigorated in 2012, the much newer Voluntary Right to Buy has made the programme more accessible. Where before (under Right to Buy), only council and ex-council properties were eligible for the discount, the Government and the National Housing Federation have proposed the Voluntary Right to Buy so that the discount is available to housing association residents.
What’s more, PA Housing has been able to set some of the parameters for our participation on Voluntary Right to Buy – these are contained in our
Voluntary Right to Buy – update:
- The ballot closed on 16 September 2018.
- The Government will be using algorithms to randomly allocate places on the pilot.
- Entrants will be sent email on Monday 24 September 2018 to inform them if they have been successful or unsuccessful in the ballot.
- The successful tenants will be divided into four batches. These tenants will then receive their Unique Reference Numbers (URNs) by email over a period of four weeks.
- The first batch of tenants will receive their URNs on the Monday of each week. First batch will be 24 September 2018 over and the last batch issued on 15 October 2018.
- Within 4 weeks of receipt of the URN you must apply to PA Housing with a completed application form signed by all parties and including all supporting evidence.
- It is important to note that, even if you do receive a URN, there is no guarantee you will be able to buy your home.
Am I eligible for VRTB?
Voluntary Right to Buy was first piloted in London, and that initiative ended in January 2017. This VRTB pilot is phase two and is valid only for properties in the Midlands. Phase two will run for 2 years.
So, if you are a customer in the Midlands, you might be eligible. It also depends on the following:
- You must have a secure/assured tenancy
- You must have been a PA Housing customer for three years or more
- You must not have any arrears/debt or any outstanding notices.
The government has committed to extend the Right to Buy to housing associations across England in a national scheme. We do not have specific timelines for this at this stage.
Please also note that shared owners are not eligible for the scheme.
Can I buy the home I’m in now?
According to the government guidelines, most tenants that are eligible for the VRTB discount will be able to use it to buy their current home. However, there might be exceptions – you can read more about them in Owning your Home guide
If you’re eligible for the scheme but unable to purchase your current home, you might not be out of luck. The latest pilot allows for tenants to apply their discount to another eligible property.
How do I proceed?
If you are interested in the Voluntary Right to Buy pilot and believe you might be eligible, please email VRTB@pahousing.co.uk
For more details on Voluntary Right to Buy,
If you find that you are not eligible for the Voluntary Right to Buy scheme PA Housing also operate Preserved Right to Buy and Right to Acquire.
If you are interested in finding out if you might be eligible, please get in touch