The Assisted Purchase Scheme was introduced in 1988 (and was then called the Tenants Incentive Scheme) to enable local authorities to give grants to their tenants to help them purchase accommodation on the open market.
Who qualifies for this scheme? - secure tenants of Tandridge District Council with at least 2 years tenancy who wish to purchase, or acquire a joint interest in, a property on the open market which is to become their main home. Vacant possession of the Council property will be required upon completion of the purchase.
What sort of property can you buy? - you may purchase a property anywhere in the United Kingdom provided it does not exceed the current limits as explained in the attached leaflet.
What is the amount of the grant? - this depends upon the size of the property you are vacating. Grants range from £12,000 for a one bedroom property to £20,000 for a 4 bedroom property.
How will your application be assessed? - before any purchase is completed you must ensure that there are no debts outstanding to the Council, and prove your ability to maintain a mortgage by providing details of income and savings. The Council must be satisfied that your present accommodation has been kept in a reasonable condition and is suitable for immediate re-letting.
Please note that you should not look for a property until you have been accepted on to the scheme. Once you have received a grant under this scheme you are expected to meet all your future housing needs without further assistance from this Council.
How to apply
Contact Tandridge District Council for an application form and information leaflet or click on links below .
