Right to Buy

 

This could be your first step on the property ladder.

The Right to Buy scheme was introduced in 1980 and gives qualifying social tenants in England the right to buy their home at a discount.

Secure tenants of both local authorities and non-charitable housing associations have the Right to Buy if they have been public sector tenants for at least five years.

The Right to Buy discount increases with the length of tenancy up to a maximum limit currently 70%.


Remember, buying your home is a big decision and a commitment that shouldn’t be taken lightly. The responsibilities, costs and financial commitments that ownership brings need to be thought about carefully, so you should always get impartial financial and legal advice before buying.

 

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