Right-to-buy

The right to buy scheme was introduced to help council & housing association tenants have the ability to purchase the property that they live in with a very large discount.

To qualify for Right to Buy scheme you will need to; 

• Have been a council or housing association tenant for three to five years.
• The property is your only or main home
• You don't live in sheltered housing for elderly or disabled people
• You don't have any outstanding possession orders against you
• Your home isn't due to be demolished
• Housing association tenants are eligible for a similar scheme called Right to Acquire, but it does have slightly different eligibility and rules.

One of the big advantages of Right to Buy is that you can use your Right to Buy discount towards your deposit. Some lenders will take the full discount as your deposit so you will then just need some savings to cover the lenders and solicitors’ costs of purchasing a property. 

Please call us to discuss all your options as we can break everything down for you clearly and precisely to guide you through the whole process.