Right to Buy
Introduced in the 1980s by the government (back when tight curly perms and shoulder pads were in fashion), Right to Buy schemes allow tenants of council and housing association homes to purchase their property at a discounted price.
Outside of London, you could receive a discount of up to £82,800 which provides an incredible opportunity for social tenants who feel they are ready to own their own home.
The scheme is available to tenants dependent on the length of time you have been in the property, the type of property you live in and also the location.
It should be noted however, that the scheme is not available to you if:
- The property is not your main home
- You have been told by the Courts to leave the property (eviction)
- You are being declared bankrupt or you are an undischarged bankrupt
- The property is not self-contained (i.e forms part of someone else’s property or land); or
- You owe money to creditors
Our friendly and expert residential conveyancing solicitors have helped right to buy tenants purchase their homes for many years and know exactly what is required to ensure the process goes smoothly.