Right to Buy

The Right to Buy scheme offers council tenants in England up to £82,800 (or £110,500 in London) off the market price of their council home.

Right to Buy

The Right to Buy scheme offers council tenants in England up to £82,800 (or £110,500 in London) off the market price of their council home.

Who qualifies for a Right to Buy discount?

To be eligible for the Right to Buy discount scheme you will need to have been a public sector tenant for at least three years. The property has to be your only home and it has to be self contained.

How do you apply?

Visit the Right to Buy website https://righttobuy.gov.uk/

Will you need a mortgage?

Purchasing your home through the council's Right to Buy scheme is very similar to buying a property on the open market, except the home owner (in most cases the council) is able to offer a substantial discount on the price you have to pay.

Many mortgage lenders will let you use your Right to Buy discount as your deposit, meaning you will not need to save a deposit yourself. However, some lenders may still expect you to put down a deposit as well.

For Example:

Valuation from the council                £300,000

Right to Buy discount                           £ 82,800

Mortgage / purchase price                £217,200