Most residents who were residents of North Bedfordshire Borough Council on 12 June 1990 and who have stayed residents of bpha continuously since then have the preserved right to buy their home.
Under the preserved right to buy scheme you may be able to:
- buy jointly with other members of your family if they have lived with you for a year or more.
- receive a discount of between 35% and 60% off the market value of your home (up to 70% for flats) subject to a maximum amount in cash terms.
The rules might change – but we are always able to give you up-to-date advice on the various schemes. Please contact us.
Important: Your discount may be reduced (possibly to zero) if we have modernised, adapted or recently bought or built your home. This is called the ‘cost floor’.
Some properties may be excluded from the right to buy. E.g.:
- Homes first let before 1 January 1990 which are particularly suitable for elderly people and which have been let for occupation by someone of pensionable age.
- Retirement housing and warden-serviced accommodation.
- Lettings in connection with employment.
- Properties scheduled for demolition.
Residents who have their assured tenancy demoted due to their antisocial or nuisance behaviour will lose their preserved right to buy.