The Right to Buy scheme is all about owning your own home and has the potential to help a lot of people currently in council housing to get onto the housing ladder.
The scheme essentially helps tenants to buy their own home with a discount of up to £77,900.
You do, of course, have to meet the set criteria, but we can help you to find out whether you are eligible. We will help you every step of the way in order to make it easy for you.
Are you eligible?
You have to have lived in a council house with what is called ‘a public sector landlord’ for at least three years (although these don’t have to have been consecutive years) before you can apply for a Right to Buy mortgage. Of course, your landlord will need to confirm that you have lived there for this amount of time as part of your application process.
Joint applications – You may be able to apply for the scheme with someone who shares your current tenancy. This could be your partner, husband or wife or even up to three family members who have lived in the property for the last year.
Other criteria for the Right to Buy mortgage scheme are that your house has to be self-contained; (which means you do not share a kitchen or bathroom), you must be a secure tenant (meaning you have the right to live in your home as long as you don’t break any rules of your tenancy agreement), and it has to be your only or main home.
Our experienced team is here to talk you through all the options and how it will work for you. We will help you to find out if you are eligible and if a Right to Buy mortgage is an affordable option for you. If it is the right thing for you, we will take you through what you need to do step by step, making it as easy as possible for you to realise your dream of owning your own home.
Note: Right to Buy scheme is for England only, and different rules apply for Northern Ireland. Right to Buy is also no longer available in Scotland and Wales.
There may be a fee for mortgage advice, the precise amount will depend on your circumstances but we estimate that it will be £299. We do not charge a fee for our services for New Build Homes; we receive commission from the provider.