Right to Buy Scheme
The Right to Buy Scheme was introduced in the 1980s to allow council tenants (if they satisfied certain criteria) to buy the property in which they lived at a discount. It has been extended to include housing association tenants and means that you can buy the property in which you have lived in for many years; a place you consider to be home.
Not all council and housing association tenants are eligible for the scheme, however providing you meet the requisite criteria you could benefit from significant discounts although an element of these will have to be repaid to the council or housing association should you decide to sell within a certain number of years from buying the property.
If you are a council or housing association tenant and wish to buy the house in which you currently live you should first approach your housing office to discuss this. Once you have submitted a successful application, the staff at Clapham & Collinge can guide you through the process involved in purchasing a property under the Right to Buy Scheme.
To find out more or discuss your individual circumstances in further detail, our Conveyancing experts will be delighted to help. Contact us today on 01603 693500 or email us using the 'Make an enquiry' form.