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Sell home >> Buying, selling and renting a house >> Home buying schemes >> Social Home Buying Scheme Social Home Buying SchemeIf you are not qualified for the 'Right to Buy' or 'Right to Acquire' systems, or you can't afford them, you may still get help to buy your housing association property. How it works Social Home Buy offers qualified housing association renters the chance to buy a share of the market value of their current home. It also gives you a discount of among £9,000 and £16,000 depending on the location of the property and the size of the share you are buying. Not all local councils or housing associations offer the scheme. You want to check with your local council or housing organization to find out if they offer the scheme or whether your home is comprised. Find your local council Renters can buy a minimum 25% of the value of the property and pay an early rental charge of not more than 3% of the market value of the remaining justice owned by the landlord. The sum of discount you receive will be in proportion to the share of the property you buy.
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