The Housing (Right to Buy) (Information to Secure Tenants) (Wales) Order 2005

Article 3

SCHEDULE Matters about which information must be given to secure tenants

1.  An outline of the effect of the provisions of Part 5 of the Act relating to—

(a) the circumstances in which the right to buy can and cannot be exercised;

(b) the exceptions to the right to buy set out in Schedule 5 to the Act;

(c) the procedure for claiming to exercise the right to buy;

(d) the method of calculation of the price payable for the dwelling-house by a tenant exercising the right to buy; and

(e) the delay notice procedures for landlords and tenants set out in section 153A and 153B and the landlord’s notices to complete under section 140 and 141 of the Act.

2.—(1) The fact that initial costs are likely to be incurred by a secure tenant exercising the right to buy.

(2) The reference in paragraph (1) to initial costs includes costs in respect of—

(a) stamp duty;

(b) legal and survey fees;

(c) valuation fees and costs associated with taking out a mortgage.

3.—(1) The fact that a secure tenant will be likely to have to make regular payments as an owner of a dwelling-house.

(2) The reference in paragraph (1) to regular payments includes payments in respect of—

(a) any mortgage or charge on the dwelling-house;

(b) building insurance, life assurance, and mortgage payment protection insurance;

(c) council tax;

(d) water, sewerage, gas, electricity, or other utility services.

4.  The risk of repossession of the dwelling-house if regular mortgage payments are not made.

5.  The fact that in order to keep the property maintained and in good repair an owner of a dwelling-house will be likely to have to incur expenditure which may include payment of service charges (both annual and in respect of major works) where appropriate.