Buying the home you live in
There are two schemes available to L&Q residents to help you buy the property that you currently rent.
These are the Right to Buy and the Right to Acquire schemes.
Right to Buy
The government introduced the Right to Buy scheme in 1980 to allow public sector landlords like L&Q to offer properties for sale to tenants with the benefit of a discount. The idea behind this scheme was to widen the opportunity and choice for tenants to become homeowners.
From 2nd April 2012 the Right to Buy (RTB) scheme rules are changing.
RTB provides an opportunity for certain tenants (who meet criteria) to purchase their property from L&Q at a discounted price.
Right to Acquire
The Right To Acquire is a similar scheme introduced in April 1997. This applies to properties built with public money or transferred from a Local Authority after the 1st April 1997.
Are all of L&Q's properties for sale?
Not all of L&Q's properties are for sale and not all tenants have the Right to Buy or Right to Acquire.
RTB is available to council tenants and those who transferred to RSLs as part of stock transfers.
You may be able to purchase your property if became an L&Q tenant as part of the following stock transfers:
- Lewisham
- Beacon
- Beaver
- Otter
- Bexley
- Threshold
- Forest Homes
The government sets down the rules for who qualifies and L&Q have to ensure that each application meets the qualifying criteria.
Find out if you qualify and what you need to consider before buying your L&Q home. Have a look at the links on the left of this page for further information.
Who do I contact to apply or for further information?
To find out more you can contact us at L&Q Direct or call 0800 015 6536 and choose option 4. There will be an initial check to make sure you are a qualifying tenant.
If you meet the initial criteria you will need to complete an application form and your application will be formal.
You can find information about the revised RTB scheme at www.homesandcommunities.co.uk
