Homes to buy
Find out about buying a home with Daventry & District Housing.
If you want to buy your home, you may be able to do so through one of two schemes:
The Right to Acquire
The Preserved Right to Buy
This scheme gives some housing association tenants the legal right to buy the home they currently rent. Both the property, and the tenant living in it, must qualify for a purchase to be made under the Right to Acquire.
The home must either:
- Be a property which transferred from Daventry District Council to Daventry & District Housing or
- Have been built by Daventry & District Housing on or after April 1, 1997, with a grant from the Housing Corporation (a national body) or
- Have been bought by Daventry & District Housing on or after April 1, 1997, with a grant from the Housing Corporation
To be considered, you must meet one of the following criteria:
- Have spent at least two years as a public sector tenant, or in housing provided by the armed forces (if you were a tenant before January 18 2005) or
- Have been a public sector tenant for at least five years (if your first tenancy started on or after January 18 2005)
And live in a self-contained house or flat, which is your only or main home.
For further information about the Right to Acquire or contact us on 01327 707500. The Preserved Right to Buy gives some housing association tenants the legal right to buy the home they currently rent. Only former secure tenants who transferred to Daventry & District Housing qualify. New Daventry & District Housing tenants can't buy their home under this scheme.
The Right to Buy is based on a discount system. This gives a discount on the purchase price of your home, based on the number of years spent as a council or housing association tenant.
As from the 2nd April 2012 the Right to Buy discount available to tenants who qualify for the RTB their home will be up to £75,000 subject to a cap of a maximum discount of 60% for a house and 70% for a flat.
For further information about the Preserved Right to Buy please contact us on 01327 707500.