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If you rent your home from Lifestone then you may be able to buy the home you are living in. This depends on the type of tenancy you have and how long you have lived there.
Right to Buy (RTB)
Please refer to the table below which details the maximum discount. The amount of discount you get depends on how long you have been a tenant.
Right to Acquire Scheme (RTA)
This Government scheme is available to tenants who do not qualify for the Right to Buy scheme, but they have an automatic right to acquire. It includes secured, assured and assured shorthold tenants with a fixed term of at least two years beginning on or after 1st April 2012. The scheme allows you to purchase 100% of your home, with the benefit of a discount which is between £9,000 and £16,000, depending on where the property is located.
Right to Shared Ownership (RTSO)
The government has introduced the right to shared ownership for many people renting social housing who live in a new home delivered through the Affordable Homes Programme 2021-2026. For those eligible, you’ll be able to buy a share in your home (between 10% and 75%), helping you to get on the property ladder.
For more information about any of these schemes or just to discuss your options, please call the Sales team on 0300 303 8046.