Right to Buy mortgages
What does 'Right to Buy' mean?
If you're a council tenant, you may have the RIGHT to buy the home you live in.
If you qualify for the government's Right to Buy scheme, your home is likely to be a lot cheaper than you think. You'll be able to buy it for a price that's way below its market value.
The longer you've been a council tenant, the bigger the discount you'll get. The rules are different in different parts of the UK, but most people get between £16,000 and £38,000 off.
Benefits of buying your council home through Think Money:
- Buy your home for less than the market value
- We'll handle the paperwork for FREE
- We'll give you all the advice and help you need for FREE
Do I qualify for Right to Buy?
If you became a council tenant after 18 January 2005, you'll have the Right to Buy once you've been a secure tenant for 5 years.
If you became a council tenant before 18 January 2005, you'll have the Right to Buy if you've been a secure tenant for 2 years.
The rules are slightly different for people in different parts of the UK. For free expert advice, speak to Think Money.