Right to Buy

Under the Right to Buy scheme, you can buy your home at a price lower than the full market value. This is because the length of time you have spent as a tenant entitles you to a discount.

The Right to Buy is available to secure tenants of local authorities and non-charitable housing associations, and to assured tenants of registered providers (housing associations) who moved with their homes from a local authority to a housing association as part of a stock transfer.

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 Corporate 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

✔ OR 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 Corporate Website

Search New Peabody Homes

At Peabody, we have a number of homes available to buy with Shared Ownership or Private Sale throughout London. Use our property search to discover a home for you and to register your interest.