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Right to Buy information for council tenants. File type: PDF Size: 163.78 KB Download.
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Overview of scheme. The Right to Buy scheme helps eligible council and housing association tenants in England to buy their home with a discount of up to £87,200 (£116,200 inside London). Find out if you could be eligible, what discount you might get and whether you can afford to buy – and how to take the next steps if you decide to apply..

We investigate the impact on social welfare of the United Kingdom (UK) policy introduced in 1980 by which public housing tenants (council housing in UK parlance) had the right to purchase their houses at heavily discounted prices. This was known as the Right to Buy (RTB) policy. Although this internationally-unique policy was the largest source.
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  • You have the right to buy your Council home if: you pay your rent to an organisation that collects rent on behalf of the Council ... Bear in mind that house prices and interest rates could go down in future as well as up. Look at all the costs, not just mortgage repayments. You’ll have additional costs and responsibilities you may not ...
  • How Right to Buy works. Most council tenants have a secure tenancy. This means the length of their tenancy is not under a time limit. Most people in this position will be able to buy their home under the Right to Buy scheme if they want to and can afford to. You may be able to buy your home with a discount of up to £82,800 (or £110,500 in ...
  • Jun 01, 2022 · What is the Right to Buy scheme and how does it work? The Right to Buy scheme allows you, as a council tenant, to buy your council house at a discount. That means you’ll get a certain amount of money deducted from the cost of your house, which you might even be able to use as a deposit. You need to be eligible for this scheme, more on that next.
  • Right to Buy is a scheme in England that allows most council home tenants, as well as some housing association tenants, to buy their council property at a discount. The scheme has been around for over 40 years, having been originally been introduced by Margaret Thatcher in the Housing Act 1980. The scheme has been abolished in Wales and Scotland.
  • Jun 01, 2022 · Yes, you can buy your council house – and how you pay for your property is up to you. You can either buy your council house by taking out a mortgage or, if you have the money available, in cash. We’ll go into these options in a little more detail shortly. But first, you have to qualify for the Government’s Right to Buy scheme.