Right to Buy Scheme
The question
To ask the Secretary of State for Housing, Communities and Local Government, whether her Department has made an assessment of the potential merits of allowing Council Housing tenants to sell their property to buyers other than their Local Authority if they are still within the 10 year purchase period.
Answered by Matthew Pennycook
Former council tenants who have purchased their home under the Right to Buy scheme but wish to resell or dispose of it within a 10 year period, must first offer the property for sale at the full market value to either the former landlord or to another social landlord in the area. This is known as the right of first refusal. The market value must be agreed between the parties or, if they are unable to agree, will be determined by the District Valuer. If an offer has not been accepted within 8 weeks, the tenant is free to sell the property to anyone on the open market. The government has no plans to change existing policy on the right of first refusal.
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