Right to Buy, Shared Ownership and New Build Homes

Right to Buy, Shared Ownership and New Build Homes

We have been handling council house purchases since the introduction of the Right to Buy Scheme in 1980. The law says that if you have spent over 3 years in council housing then you have the right to buy the house or flat that you currently occupy at a considerable discount. You need not have lived in the same house and time spent living with other public sector tenants can count towards both your discount and the necessary 3-year period.

Shared Ownership: 
Shared ownership properties are a type of leasehold property which are owned by a Housing Association and where buyers purchase a percentage share in the property and rent the remaining percentage share, which remains in the ownership of the Housing Association. We have been handling shared ownership purchases and staircasing for many years including the final staircasing to purchase the remaining share of the property.

New Build Homes: 
New build homes have several advantages; they will usually have a new bathroom, fitted kitchen, and other fittings which are generally low maintenance. Many building companies offer incentives both financial (such as paying the stamp duty) and non-financial (such as providing carpets, grass in the garden)

In addition to the legal, land and title searches, we will check:

  • Your newly-built home is protected by a good warranty provided by a reputable company. Most new homes are protected by a New Home Warranty from companies such as NHBC, ICW, LABC, Premier and Build-Zone, many of whom provide a 10-year warranty.  

  • That the Warranty offers proper cover to ensure there are no nasty surprises.

  • With our local knowledge, we will know whether your new home's builder has a good reputation.