Right to buy
Buying your Council Property
Every year the Council sells some of its homes to existing tenants under the Right to Buy Scheme, which is available to most tenants.
Can I buy my council property?
The Right to Buy Scheme gives most Council tenants the right to buy their home at a discount.
If you live in a house and have been a council tenant for five years you should get a discount of 35% on the market value of your house. For each extra year that you have lived there, over the five years, you get another 1% discount up to a limit of 60% - or £75,000 (whichever is the lower).
If you live in a flat and have been a council tenant for 5 years, you should get a discount of 50% on the market value of your flat. For each extra year you have lived there, over the five years, you get another 2% discount, up to a limit of 70% - or £75,000 (whichever is the lower)
Non secure tenants do not have the right to buy and some properties such as properties for older or disabled tenants are excluded from the scheme.
If you buy your Council home and then want to sell it, there are certain rules which apply. These are different depending on when you bought your home but may mean that you have to pay back some, or all, of the discount you received.
Where can I find out more information about the right to Buy Scheme?
You can ask at any of our Contact Centres or our Central Control staff, who will provide you with the application form and information booklet:- ‘Your Right to buy your home’. Alternatively all the application forms and information is available on the government website:- www.direct.gov.uk/righttobuy
Some companies may ‘cold call’ and ask you to pay for information that is available free of charge from the council. If you do have any questions about the Right to Buy please telephone our Contact Centres 01246 242424.
Last Updated on Friday, 26 July 2013 14:13