Council tenants in Wandsworth who qualify for Right to
Buy, but cannot afford it, have been given an ownership alternative. The scheme
allows tenants to apply to buy a share of their home with a substantial
discount. The percentage being bought would reflect the proportion of the
current full £103,900 Right to Buy discount, so for example buying a 25% of a
home share would mean a discount of £25,975. To be eligible, applicants must be
secure tenants of at least three years’ standing who have not received housing
benefit for 12 months before applying, and must also pass an affordability
test. Read more on 24housing.
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