Residents Offer

We’ve listened carefully to what residents have told us about their hopes and expectations for the Residents Offer. We believe the Offer local people have helped us produce is fair, gives everyone the opportunity to stay in their neighbourhood and helps keep the community together.

If regeneration goes ahead we promise the following:

For existing Circle Housing Merton Priory tenants

  • A new home for all existing tenants
  • Keep the same tenancy rights you have now
  • Disturbance payment of £3,000 per household
  • Relocation payment of £5,300 per household
  • Free, professional packing and removals
  • Free handy person service to help older and vulnerable tenants
  • Help if you need to move temporarily because of regeneration
  • New energy-efficient fridge freezer, washing machine, cooker and dishwasher

For resident homeowners (leaseholders and freeholders)

A range of options to meet your needs, including:

  • A new replacement home at no additional cost to you if you choose to stay, or
  • Open market value for your home plus ten per cent if you prefer to leave, or
  • A shared equity option for those who prefer it

Plus:

  • A disturbance payment of £3,000 per household
  • Free and independent valuation of your home
  • Legal fees and other costs reimbursed
  • Payment of Stamp Duty Land Tax
  • Help if you need to move temporarily because of regeneration

For non-resident homeowners (leaseholders and freeholders)

  • Open market value for your property, plus a 7.5 per cent additional payment
  • Legal fees and other costs reimbursed
  • Payment of Stamp Duty Land Tax
  • Opportunity to buy a new home at market value