If you transferred from Gloucester City Council to Gloucester City Homes on 16th March 2015 and you have been a tenant for 3 years, you probably have the Preserved Right to Buy.
If you have become a tenant since 16th March 2015 and have a least 3 years tenancy with any Public Sector Landlord, then you may have the Right to Acquire your home.
If you have previously bought a flat or maisonette from Gloucester City Council or Gloucester City Homes, or on the open market from someone who did so, then you are a Gloucester City Homes Leaseholder.
If you cannot afford to buy your property outright, then you might want to consider Shared Ownership.
Preserved Right to Buy – Moving Home
Moving from one GCH home to another
If you transferred from Gloucester City Council to Gloucester City Homes on 16th March 2015 in your old address and you have been a tenant for 3 years, you probably have the Preserved Right to Buy.
Please note that if you are moving into a brand new property, then you still have the Preserved Right to Buy but the discount that you will be eligible for is different. We may not sell a property for less than it cost to build it. This rule applies for 15 years after the property is built.
This means that even if you would have a large discount, the full amount may not be applied. You will have to pay what it cost to build the property in the first place. This is called the COST FLOOR rule and is government policy. GCH has no discretion to alter this rule.
Moving from another landlord or private accommodation to a GCH property
If you were not a tenant of Gloucester City Council when the stock transfer to GCH took place in March 2015, you do not have any Right to Buy. You do have the Right to Acquire your property but the discounts for this are much smaller and you will have to pay more for the property.
Mutual Exchanges between properties
If you swap homes with another tenant, generally, the rules above apply, but the rules for Right to Buy in the case of mutual exchanges are quite complicated and depend on several factors such as where you are moving from, who you are swapping with and what sort of tenancy you are granted.
If you want to find out more, contact our Leasehold Manager on 01452 424344.
You can also find out more about buying your home from The Department for Communities and Local Government website This includes the information booklet and application forms.
Gloucester City Homes service is free and you should beware of other organisations who may contact you, offering to arrange the purchase of your council home and arrange a mortgage for you; there may be a cost involved. If you are concerned about any company offering this service, please report this to us.
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