The right to buy or acquire your home
If you rent your home from the council or a housing association, you may be eligible to buy it.
If you have the legal right to buy your home, you will need to think about how you can afford it. This usually means getting a mortgage.
The discount available for council properties under the Right to Buy scheme is usually much higher than for housing association homes under the Right to Acquire scheme. The government and local authorities set these discounts.
Mortgage affordability and benefits Warning Wales does not have Right to Buy or Right to Acquire schemes
These were closed in January 2019.
Council homes and the Right to Buy
You may be eligible to buy your home under a discount under Right to Buy if you either:
have been a tenant of the local council for more than 3 years or were living in your home when the council transferred it to another landlord The Right to Buy website gives you advice on: if you're eligible how much of a discount you may be entitled to working out the costs of the scheme getting a mortgage Getting support Speak to a Right to Buy adviser (GOV.UK) Right to Buy and Right to Acquire (MoneyHelper) Discounts available on the Right to Buy scheme
If you're eligible for Right to Buy, you could be entitled to a discount of up to 70% or £82,800 (£110,500 if you live in a London borough).
Your discount depends on:
how long you've lived in the property if the property is in or outside London if it's a house or a flat The Right to Buy calculator will help you work out what discount you could get. Housing associations and the Right to Acquire Warning If the council sold your home to a housing association while you were living in it
You could be eligible for the
Right to Buy scheme, which has a larger discount.
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