Preserved Right to Buy is an initiative available to Southern Housing Group tenants who previously held a tenancy with their local authority.
If your home was transferred to Southern Housing Group from your local authority as part of a stock transfer, your Right to Buy the property you live in would have been protected under the conditions of the transfer. Check your new Tenancy Agreement with Southern Housing Group to find out if you’re eligible.
To help towards the cost of buying your home, eligible tenants can benefit from a discount; the maximum amount available on a home in a London borough is £127,940 and £96,010 for those outside of London.
The discount is based on:
How long you have been a tenant with a public sector landlord
The type of property you’re buying – a flat or a house
The value of your home
You must have a protected assured tenancy
You must have been a public sector tenant for the past 3 years
Your home should not be subject to demolition
You have not been declared bankrupt or have a live bankruptcy petition pending against you
You should not have any outstanding possession orders
Note: If you sell your home within 5 years of purchase, you will be liable to repay all or some of the discount you received.
To find out if you are eligible and request an information guide, please E-mail Sales.email@example.com or call the team on 0300 555 2171