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Buying your home

As an A2Dominion tenant, you can buy your home if you have the 'Right to Buy', the 'Preserved Right to Buy' or the 'Right to Acquire'. In these cases you can buy your property for a reduced price.

The Right to Buy means you may be entitled to buy your home for less than its full market value. Your discount is based on the number of years you have been the tenant of a council, a housing association or the armed forces (a public sector tenant).

The Right to Buy means you may be entitled to buy your home for less than its full market value. Your discount is based on the number of years you have been the tenant of a council, a housing association or the armed forces (a public sector tenant).

If you were a tenant of a council and your home was transferred to us, you may have what is known as the Preserved Right to Buy. This means that you can buy your home for a reduced price in the same way as with the Right to Buy. The Preserved Right to Buy only applies if you were living in your home at the time of the transfer and are still living there.

The Voluntary Right to Buy scheme will extend the existing Right to Buy to housing association tenants. We are currently waiting for further details around the eligibility criteria and start date for the scheme. We will update this page as we receive new information. If you have any questions in the meantime, you can contact us.

You can also register to receive updates about future plans to extend the scheme on the government's Right to Buy web page.

The Right to Acquire only applies if your property is owned by us and was built, or bought by us, on or after 1 April 1997. The Government must have given funding towards the cost of building or buying the property.


How do I apply?

If you are an A2Dominion tenant and you are interested in applying to buy or acquire your home, please download and complete our enquiry form or contact our Customer Services Centre:

Phone: 0800 432 0077
Email customer.services@a2dominion.co.uk

We will use the information you give us to decide if you have the right to buy your home and how much discount you will be entitled to.

How much will I have to pay?

The process of buying a property can be expensive, as there are other things you need to pay for including:

  • A solicitor or licensed conveyancer
  • Fee for the mortgage being arranged
  • The Land Registry fee
  • Stamp duty. From 4 December 2014, you'll pay: nothing on the first £125,000 of the property price, 2% on the next £125,000, and 5% on the next £675,000.

If you decide that you do not want to go ahead with buying your home, you will have to pay any costs that have been run up so far.

You will also have ongoing, day-to-day costs that you should take into account when deciding if you can afford to buy your home. These are:

  • Mortgage repayments (likely to be higher than the rent you now pay)
  • Buildings insurance (your mortgage company will insist that you have this)
  • Contents insurance (this is highly recommended in case of theft, fire, flood or other accidents)
  • Life assurance (so your family can pay off the mortgage if you die)
  • Council tax and water charges
  • Charges for gas, electricity, phone and so on
  • Ground rent and service charges (if you buy a flat or leasehold property)

You will also become responsible for all the costs of maintaining your home, including major repairs, routine repairs and improvements.

This page was printed from A2Dominion Web site at http://www.a2dominion.co.uk/