Social HomeBuy - Empowering existing tenants into homeownership

This scheme provides opportunities for existing housing association or local authority tenants to buy a share in their rented home.

Eligible tenants can purchase a minimum initial share of 25 per cent of the home and pay an affordable rent on the remaining share It is also possible for tenants to purchase 100% of the property.

Buyers will receive a discount on the initial share purchase. This will be based on the Right to Acquire discount (between £9,000 and £16,000 - depending upon the local authority area in which the property is located), pro-rata to the share purchased.

Interested individuals should initially contact their housing association or local authority landlord to find out if they are participating in the scheme