The Right to buy your home

Right to buy your home

Council tenants have been able to buy their homes since the 1980s. Known as the Right to Buy, this policy has helped thousands of people to get on the housing ladder.

Some council tenants, whose homes were then taken over by a housing association, have also been able to buy under the Preserved Right to Buy.

Now, housing associations have agreed with government that their other tenants should have similar rights.

The plans to make this possible were part of the Housing and Planning Bill which received Royal assent in May 2016 but most details of the national scheme are still to be agreed as these plans have been delayed. But we worked with the government a few years ago to give some of our tenants in Oxfordshire a head start in the meantime through a Voluntary Right to Buy Pilot trial, designed to help make sure the scheme runs smoothly when it goes nationwide.

The Voluntary Right to Buy Pilot scheme, in which Sovereign is taking part, has now closed.

The Government also has plans to extend Right to Buy to more housing association tenants more widely than the Voluntary Right to Buy pilots. This scheme is currently being designed but no further details have been announced.

Preserved Right to Buy

As a Sovereign resident, you might be able to buy your home from us at a discounted price if you’re eligible for the Preserved Right to Buy. You could have this right if:

  • we took over your home from the local authority while you were living there.

For more information about this, contact your local office or visit the government's Right to Buy website Opens in new window.

Right to Acquire

As a Sovereign resident, you might be able to buy your home from us at a discounted price if you’re eligible for the Right to Acquire. You could have this right if:

  • you live in a home that we built or ‘acquired’ with the help of a grant.

For more information about this, contact your local office or visit the government's Right to Acquire website Opens in new window.

The Right to Shared Ownership

As a Sovereign resident, you might be able to buy a share of your home under the Right to Shared Ownership scheme, which you will then own on Shared Ownership terms if:

  • you live in a home that we built or ‘acquired’ with the help of a grant funding from the government’s Affordable Homes Programme 2021-2026 and it is being let to you at a Social Rent or Affordable Rent.

For more information about this, contact your local office or visit the government's “The Right to Shared Ownership: A guide for tenants” website

How else can I own my own home?

If you want to buy a home, but can’t afford to do it on the open market, we have a number of other affordable home ownership options that might help you.

Visit our Sovereign Living website to find out more Opens in new window.