Property Acquisition (Buy Back)
Registered Social Landlords can make purchases through the open market, purchasing ex Local Authority and Registered Social Landlord Stock from the Private Housing Market or in response to enquiries from owners looking to sell their property.
Our Policy Document below sets out examples of when they will consider purchasing homes.
The Affordable Housing Supply Programme can support the following types of purchase where there is a strategic housing need as identified and agreed by the local authority:
- Open market purchases with vacant possession.
- Off market purchases with vacant possession.
- Purchases where an owner occupier cannot afford the required maintenance or refurbishment of their home and therefore wishes to sell and remain in the home as a tenant in the social rented sector.
- 'Off the shelf' purchases from developers.
- Purchase of properties from landlords leaving the private rented sector with a tenant in situ - where this meets a clear strategic purpose and where the tenant is at risk of homelessness.
A property will be considered if it meets at least one of the following criteria:
- To resolve a homeless situation / prevent homelessness
- There is demand for the type and size of property in that area
- The combined cost of buying and bringing it up to letting standards would represent value for money
It is not possible to consider properties if current tenants must leave to enable a sale.
For more information, please email: StrategicHousing@dumgal.gov.uk
In your email please include:
- Property type and number of bedrooms
- Contact telephone number
- If the property is occupied by a tenant
- If your property's on the market or not. Please include a link if it is