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Right to buy your home

Right to Buy (RTB) is a government scheme which gives qualifying council tenants a chance to buy their homes.

You will usually qualify for a discount from the full market valuation of their property if you have been a secure public sector tenant for at least five years.

How the Right to Buy scheme works

Your discount is calculated by how many years you have been a secure tenant.
 
Five years as a secure tenant gives you a 50% discount when you buy your flat or maisonette and 35% when you buy your house.
 
For each additional year after the first five year qualifying period you will get an extra 2% discount for flats or maisonettes and an extra 1% discount for houses.

Example

If you have been a tenant for 10 years, you will qualify for a:
  • 60% discount if you wish to buy your flat
  • 40% discount if you wish to buy your house.
Use the Right to Buy Discount Calculator to find out how much discount you qualify for.
At the moment, the maximum discount is £102,700 in London (£77,000 in the rest of the country) or 70% off the market value of your home.
 

Qualifying for Right to Buy

Before applying for the Right to Buy scheme, you should check to see if you qualify. Eligibility applies to both you and your property.
 
To qualify:
  • you must be a secure tenant in the property you wish to buy
  • you must have spent at least five years as a public sector tenant
  • the property must be your only or main home
  • you must not have breached your suspended possession order
  • your home must not be due for demolition (a notice would have been served on you).

Buying with family members

You can buy your home with family members or a spouse/civil partner, even if they are not joint tenants, as long as:
  • it is their only or principal home
  • they have lived there for a minimum of 12 months before applying.

Family members cannot apply for the Right to Buy or buy the property without the main tenant(s).

Joint tenants

In a joint tenancy usually both tenants must apply to buy.

If you do not want to apply, you must agree to the sale by filling in the appropriate part of the application form.
 
You should also consider getting legal advice, as when you end your tenancy you will lose rights to the property.
 
 

Find out how much your property is worth

It is a good idea to find out how much your home might be worth before you buy so you can plan ahead.

You don’t need to apply to the Right to Buy scheme just to get your property valued. You can:
 

Can you afford it?

Before you think about buying your property it is a good idea to think about the costs involved. There are other one-off costs besides paying for the value of your property, including:
  • stamp duty
  • surveys
  • solicitors fees.

Leaseholders

If you are buying a flat or maisonette you are likely to become a leaseholder. Your lease will usually be 125 years and can be renewed.
 
As a leaseholder you will be responsible for paying:
You must also consider major works. These are repairs and improvements that we make to your building that you may need to pay towards.
 

Freeholders

If you are buying a house, it is likely that you will become the freeholder. This means that you are responsible for paying for all repairs and maintenance work.
 
 

Applying for the Right to Buy scheme

Buying a home can be a long process. The same applies when buying through the Right to Buy scheme.
Get a break down of the full Right to Buy process.
When you are ready to apply, download the Right to Buy application form and send it to our office in Stratford:
 
Bridge House
320 High Street
Stratford
London
E15 1EP
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Contact us

  • Right to Buy

    020 8430 2000