Social HomeBuy
Housing statistics and English Housing Survey, glossary, published by the Department for Levelling Up, Housing and Communities in 2019, defines Social HomeBuy as: ‘…a voluntary scheme introduced in April 2006 and allows eligible tenants of registered providers (both local authorities and private registered providers) who participate in the scheme and who occupy eligible properties to purchase their social or affordable rented housing at discount either outright or on shared ownership terms. Tenants receive a discount on the initial share purchased and on any additional shares they buy. This is equivalent to the Right to Acquire discount (between £9,000 and £16,000, depending upon the local authority area in which the property is located) pro-rata to the share purchased.’
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