Right to Buy/Right to acquire
KHT tenants who transferred from Knowsley Council in 2002 may have the preserved Right to Buy their home (unless they live in a property that is exempt from the scheme.)
KHT tenants who moved into their homes after 2002 will not normally have the Right to Buy but may have the Right to Acquire their property.
If you are interested in either of these schemes call our Landlord Administration Team on 0151 290 7000 or download a form online from www.direct.gov.uk/righttobuy
Things to consider before making your application
Home ownership is not for everyone. The weekly cost of your mortgage may go up and down with interst rates during the time you pay it off – and interest rates are currently low historically.
You should also think about how you would make payments if you or anyone you’re buying with lost some or all of their earnings. Government support for mortgage costs is limited and you may lose your home if you fail to keep up payments on it.
What other costs are there?
When you buy a home, you should expect to pay for a survey and for legal fees. These could add up to around £3,000. If your home is worth more than £125,000 you will have to pay stamp duty.
Once you have brought your home, you will have to pay for any repairs and maintenance it needs. If you live in a flat, you will also have to pay a share of repairs and maintenance to the block – the “service charge”.
For more information about right to buy, watch the video below: