Right to Buy

Following updated advice from the Government, the NHS and Public Health England on COVID-19, our offices are closed. All completed applications should be emailed to Homeownersales@peabody.org.uk. Tenants can get further information by contacting our Customer Care Line on 0300 123 3456 or by submitting an enquiry on the Peabody website.

Priority for Home Ownership

Priority for Home Ownership If you will be giving up an assured or secure tenancy with Peabody, we consider you a priority for affordable home ownership. You can apply for any of the Shared Ownership or resale properties advertised on this website. Please note that you may not be considered a priority if you apply for a property outside the borough you currently live or work in.

Affordable housing schemes with Peabody

Affordable housing schemes with Peabody

If you are interested in buying the home you currently live in, one of the following three options may be suitable:

Right to Buy

You could be eligible  for Right to Buy if you were a secure council tenant and you were living in your home when it was transferred from the council to Peabody after 31st March 1997. You could also be eligible if you then moved to another home owned by Peabody. But not if you moved to a home owned by a different landlord.

Peabody will be able to tell you whether you have the Preserved Right to Buy. If you’re a Peabody tenant and you’re not eligible for this scheme, you may be eligible for the Right to Acquire scheme instead by contacting our Customer Care Line on 0300 123 3456 or by submitting an enquiry on the Peabody website

Right to Acquire

You could be eligible to buy the home you rent at a discount of between £9,000 and £16,000 on the price of your home.

You must be an assured tenant and have been a public sector tenant for at least 3 years.

In addition, your property must either have been:

  • Built or bought by a housing association after 31 March 1997 and funded through a social housing grant provided by the Housing Corporation or local council
  • Transferred from a local council to a housing association after 31 March 1997

Peabody will be able to tell you whether you have the Right to Acquire by contacting our Customer Care Line on 0300 123 3456 or by submitting an enquiry on the Peabody website

 

For more information and to see whether you meet the qualifying criteria for any of the options above, you can contact our Customer Care Line on 0300 123 3456 or submit an enquiry on the Peabody website.

Find out more from Peabody:

Staircasing

The process of buying more shares for a Shared Ownership home is reffered to as staircasing. If you staircase to 100% you will become an outright owner.

Selling your home

Selling your Shared Ownership home is a straightforward process and is known as a resale. You can sell your Shared Ownership home at any time.

Remortgaging

Remortgaging occurs when you move from your existing mortgage lender to another lender. We can help guide you through remortgaging your home.