If you are a council tenant and want to buy your home your tenancy agreement gives you the legal right to do so. One of the following conditions must apply:
One of the benefits of being a council tenant is that you can buy your home with a discount based on your tenancy. The amount of discount depends on how long you have been a tenant. However, the maximum discount is capped at £77,900 for both flat and house purchases.
The maximum discount will increase to £78,600 with effect from 6 April 2017. This discount will only be applicable to applications received on or after 6th April – any applications received prior to this date will be calculated using the current maximum discount of £77,900.
Do take some time to think about some of the other costs that you will have to budget for. As a tenant your rent includes things like buildings insurance and a free repairs service. If you buy your home you will have to pay for these yourself.
Don’t be taken in by "right to buy" sales people who may try to get you to sign on the doorstep and ask for a fee.
Do get independent financial advice from a bank or building society.
Do contact our customer services team on 01753 875491 / 875492 if you would like further advice or information. Our team are there to help you and the advice you receive will be free.
If you are interested in buying your home they will send out an information pack and an application form. You can contact the customer services team between 9am and 4.45pm any weekday. Or you can email: firstname.lastname@example.org.