Right to Buy

Right to Buy allows most council tenants to buy their council home at a discount. The government offers discounts from the standard market value of a property, which most lenders view as the equivalent of a deposit.

Right to Buy discounts can vary depending on property type, the location and the number of years as a council tenant. The rest of the purchase price needs to be financed through a lender as a mortgage

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  • A mortgage is a loan secured against your home or property. Your home or property may be repossessed if you do not keep up repayments on your mortgage.