Voluntary Right to Buy Pilot
The Midlands Voluntary Right to Buy (VRTB) Pilot was launched on 16 August 2018. whg is taking part. Eligible customers may qualify for a discount on the purchase price of their rented home.
Some properties are exempt from VRTB. If your home is eligible, you will also need to meet certain criteria as a tenant. Limited Government funding means that there is no guarantee that an application will be successful. More information can be found at the GOV.UK Right to Buy website.
VRTB: need to know
- Can I definitely take part in VRTB?
- Because there is limited funding, the Government will select applications by ballot from all the registrations. Registration is open from 16 August and will close a month later. The Government will then randomly select applications to proceed. Those applications will be allocated a Unique Reference Number (URN). If you do not receive a URN you cannot make your application to whg
- This means that not all applications will necessarily be successful. whg does not have any say in this selection process
- If you do receive a URN, which will be sent to you by email from the Government, you can then contact whg to proceed with your application
- Properties which are part of a wellbeing, older persons or supported housing scheme are not included in the scheme.
- Some properties are exempt from VRTB
- These include:
- Properties with four or more bedrooms (where the household is under occupying by two or more bedrooms)
- Adapted properties where the household no longer needs the adaptations
- Properties which are built subject to Section 106 or other planning restrictions
- Properties in rural areas
- Properties that have been identified for demolition
- Properties where the market value is less than the amount whg has spent building, buying or improving it in the last 15 years.
- These include:
- There are costs involved in applying to buy your home under VRTB
- You will need to pay an administration fee of £250.00 to whg during the application process. This will be deducted from the sale price if the sale completes or reimbursed if your home does not qualify for any reason
- You will lose the fee if you cancel the application or do not meet the strict time scales which apply to the scheme.
- What do I need to include in the VRTB application?
- You will need to include the names of household members who will be included in the final sale. If you make any changes later you will need to submit a new application
- Make sure that if your application includes additional family members, they can prove that they have lived at the property for at least 12 months
- To claim all of the discount that you are entitled to, include all addresses of properties you have lived in owned by a Housing Association or Council. whg can verify any addresses that you have had with us
- If you would like to include years spent with other Housing Associations or Councils you will need to provide a tenancy agreement, letter from the landlord or Council Tax or copies of the electoral register for the relevant years as proof.
- What will I need to do before I send my VRTB application to whg?
- You will need to have been selected and have received a URN from the Government website. whg cannot accept an application without this
- You will need to make sure you are not in rent arrears with whg. We cannot accept your application if you are in arrears.
- There are strict time scales which you will need to meet
- The URN is valid for 4 weeks
- When your application is accepted you have 10 days to make an appointment to provide your documents (it may be worth getting these organised before you apply)
- If successful, you will receive an offer within 12 weeks
- When you receive your offer you have 4 weeks to decide whether to accept and provide solicitor details
- When the matter is referred to solicitors, completion should be within 12 weeks. Please make your solicitor aware of this when you appoint them.
- whg - VRTB dos and don'ts
- whg - VRTB guidance notes
Right to Buy and Right to Acquire
The Right to Buy and Right to Acquire are government schemes which allow most tenants of social landlords to purchase their property at a discounted price. These two schemes are separate to the Voluntary Right to Buy (VRTB) Pilot.
Most of our customers will have a legal right to apply to purchase their property from us, at a discounted price, through one of these schemes.
The procedure for processing applications and the price at which properties can be purchased are governed by legislation.
For more information about the schemes, current discount rates and how to apply call us on 0300 555 6666.