If the repurchase is taking place less than five years after it was sold to you, then you will have to repay us a portion of the discount that was given to you when you purchased the property. The amount of the repayment depends on the valuation of the property.
Find out the calculation of discounts on GOV.UK.
Information you need provide to us
The owner must serve an offer notice on us which must:
- state that you, the owner, wishes to dispose of the property giving its full postal address
- state that there is a covenant requiring him, her or them, to first offer the property to us
- state the address at which we may serve notices upon the owner and provides a contact telephone number
- provide a market valuation for the property
Information relating to the property
You will need to provide:
- specifies whether the property is a house, a flat or a maisonette
- specifies the number of bedrooms
- details of the heating system
- specifies any improvements or structural changes which have been made since purchase
Submit an offer notice
Your offer notice can be sent by email or in writing.
Email: HRADevelopment@luton.gov.uk
Address:
Housing Strategy and Development
Luton Council
Housing Services
Fourth Floor, Town Hall Extension
George Street
Luton
LU1 2BQ
After you have served us an offer notice
Following service of your offer notice, we have eight weeks from the date of receipt your offer notice to either:
- accept the offer
- nominate another social landlord to accept the offer
- reject the offer
If we accept the offer
If we accept the offer to purchase your property, the next step will be for us to agree the purchase price. If we cannot agree the purchase price then either party can request that the district valuer determines the value of the property.
If we do not accept the offer
If we do not wish to purchase the property, you may offer it to open market sale for 12 months. If you do not sell during that time, you will have to offer the property again to the council.
Any open market sale will require the involvement of our legal services team to provide permission for the sale. There is a small charge for this legal work.