Right to Buy

How we process your application

1. You can apply online with your MySouthwark account
2.  Your documents will then be assessed to determine whether you and all the joint applicants qualify for the right to buy. We’ll issue you a qualification notice (RTB2 document).
3. If you qualify, a desktop valuation will be completed by our surveyors and you’ll be provided a S125 Offer Notice to purchase your property.
4. Upon receipt of your Offer Notice, you must decide how to proceed. You can accept the offer we made, convert your application to a shared ownership application (Social Homebuy), ask for the value to be re-determined independently or you can withdraw your application. You’ll need to notify us of your decision by returning the intention form within 12 weeks (which you’ll receive with the S125 offer notice).
5. If you accept the offer, you must provide proof of how you’ll fund your purchase. This is required under our process to prevent potential criminal activity under The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017. Once we receive sufficient proof, we’ll create title plans and send your file to our legal team.
   • if you wish to have the market value re-determined, we’ll send your request to the district valuer. Once they’ve re-valued your property, you’ll receive a new offer letter (S128)
   • if you want to convert your RTB to a shared ownership application, your details will be sent to the team who will contact you directly
   • you can choose to withdraw your application
6. Your solicitor will receive the draft documentation from the council and you’re advised to ensure they inform you of your responsibilities as a homeowner. 
7. Where we have not verified your identity in person, you will be required to do so before completion.
8. Once a completion date is set, you can cancel your rent account direct debit (if applicable).

Page last updated: 04 April 2024