Harrogate office - 01423 317002 ----- London office 0208 1763176 ----- Royal Leamington Spa office - 01926 757368 info@quercusmortgages.co.uk

Right To Buy

Buying your council owned home.

To be eligible for the Right to Buy discount scheme you will need to have been a public sector tenant for at least three years; this means your landlord would have to be a council, NHS trust or housing association.

This three years does not have to be in one continuous period or just in the home you want to buy. However, the property has to be your only home and it has to be self contained.

You cannot apply for a Right to Buy discount if any of the following apply:

  • The property is not your main home

  • The property is not self-contained (i.e. you share a kitchen or bathroom)

  • You have an introductory tenancy rather than a secure tenancy

  • There is a court order saying you must leave your home

  • You have an undischarged bankruptcy

  • You are being declared bankrupt

  • You owe money to creditors

Certain properties are also excluded from the Right to Buy scheme, usually if they are reserved for the elderly or for tenants who work in a specific public sector, such as firemen or the police.

However, if you live in an ex-council house that was sold to another landlord, a “Preserved Right to Buy” may still apply.

Ready to Talk?

We love to hear from clients old and new. Give us a call today or complete our simple online enquiry form and we'll be in touch very soon.

Harrogate Office

01423 317002

London Office

0208 1763176

Royal Leamington Spa Office

01926 757368

email

info@quercusmortgages.co.uk

Your Home (or property) may be repossessed if you do not keep up repayments on your mortgage.

Quercus Mortgage and Financial Solutions Ltd Registered office: 4th Floor, Silverstream House, 45 Fitzroy Street, london, England W1T 6EB Registered in England & Wales No: 14594651.

Quercus Mortgage and Financial Solutions Ltd is an Appointed Representative of The Right Mortgage Ltd, which is authorised and regulated by the Financial Conduct Authority (FRN: 992065) for mortgages, protection insurance and general insurance products.

Some forms of Buy to Let mortgages are not regulated by the Financial Conduct Authority.

The guidance and/or advice contained within this website is subject to the UK regulatory regime and is therefore primarily targeted at consumers based in the UK.

We will charge you a fee of £395 when we submit your full mortgage application to the lender.