Following the recent budget announcement we have received a high volume of Right to Buy applications which we are currently processing. We will contact all applicants, in order of receipt, as quickly as possible.
Back
Right to Buy
The Right to Buy scheme gives council tenants a chance to buy the home they rent from us at a discounted price. Find out how.
Contents
What happens next
We will not carry out any planned maintenance projects on your home, like bathroom or kitchen replacements. We'll only carry out essential repairs.
Once we've received your application and supporting documents we'll:
- invite all applicants for a verification meeting at our office
- upload a section 124 notice accepting or denying your right to buy to your MySouthwark account
If you've had your tenancy for over 3 years with Southwark, we have 28 days to decide if you're eligible.
Next, 2 surveyors will visit your home:
- one from Southwark Council who will inspect and calculate the value of your property
- another will assess how energy efficient your home is and issue an Energy Performance Certificate
We'll then:
- calculate the discount you're entitled to
- determine the final purchase price
- send you a formal landlord's offer (section 125 notice)
You'll get the landlord's offer notice within:
- 8 weeks if you're buying a house
- within 12 weeks if you're buying a flat or maisonette
Deciding to buy
You have 12 weeks after you get your landlord’s offer to tell us you still want to buy. You must do this in writing.
At this stage you can:
- accept the offer and return your intention with proof of finance (we do not accept mortgage in principle)
- challenge our market valuation with the district surveyor
- convert your Right to Buy to Social HomeBuy (share ownership)
- withdraw your application
If we do not receive your decision in writing after another 28 days we'll withdraw your application.