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Right to Buy

The Right to Buy scheme helps eligible council and housing association tenants in England to buy their home with a discount of up to £102,400 across England, (£136,000 in London). The big advantage of Right to Buy is that we can use your discount as your deposit so you may not need to put in any additional savings to get a mortgage!

You can apply to buy your council home if:

  • it’s your only or main home
  • it’s self-contained
  • you’re a secure tenant
  • you’ve had a public-sector landlord for 3 years (does not have to be 3 years in a row)
  • You can have up to 3 family members who’ve lived with you for the past 12 months (even if they do not share your tenancy)

Think carefully before securing other debts against your home. Your home or property may be repossessed if you do not keep up with repayments on your mortgage or on any other secured loans.

There may be a fee for mortgage advice. The actual amount you pay will depend upon your circumstances. The fee is up to 1% of the amount borrowed, but a typical fee is £495.