Right To Buy Page

If you're a council or housing association tenant looking to purchase your home, Right to Buy might be your ideal option. At Property Link Homes, we understand that owning your own home is important to your financial planning. That's why we offer a range of Right to Buy options tailored to your needs.

What is Right to Buy?

Right to Buy is a government scheme that allows council and housing association tenants to purchase their homes at a discounted price. This can be attractive for those wanting to own their home and build equity over time.

To be eligible for Right to Buy, you must have been a council or housing association tenant for at least three years. The amount you can borrow depends on the value of your home and the discount you're entitled to under the scheme.

How Property Link Homes Can Help

At Property Link Homes, we have extensive experience providing mortgage and financing services to our customers and assisting with Right to Buy mortgages. We understand the unique needs of those seeking to exercise their Right to Buy and can help you easily navigate the process.

We offer a range of Right to Buy options tailored to your needs, including fixed-rate, variable-rate, and interest-only mortgages. Our expert mortgage advisors can help you determine which option is best for you and guide you through the process.

The Process of Right to Buy

Applying for a Right to Buy mortgage can be complex, but we make it as simple as possible at Property Link Homes. First, you'll need to apply for a mortgage and provide evidence of your eligibility for the Right to Buy scheme.

Once your application has been approved, we'll guide you through the legal requirements and paperwork involved in the process. 

Throughout the process, we'll be on hand to answer any questions you may have and provide guidance and support as needed.

Eligibility Criteria for Right to Buy Scheme

To be eligible for the Right to Buy scheme, you must have been a council or housing association tenant for at least three years. Additionally, you must not have any outstanding debts or legal issues related to your tenancy.

Differences between Council and Housing Association Tenancies

Local councils usually provide Council tenancies, while non-profit organisations provide housing association tenancies. There may be differences in the tenancy agreement, rent rates, and tenant responsibilities between the two types of tenancies.

Frequently Asked Questions

We understand that you may have questions about Right to Buy, so we've compiled a list of common questions and answers to help you.

Q: How much can I borrow under the Right to Buy scheme?

A: The amount you can borrow depends on the value of the house you wish to buy and the discount you're entitled to under the scheme.

Q: How does the Right to Buy scheme affect my eligibility for benefits?

A: If you purchase your home under the Right to Buy scheme, your eligibility for benefits may be affected. We recommend speaking to a financial advisor to determine how this might affect you.

Q: What are the risks of the Right to Buy scheme?

A: There are risks associated with the Right to Buy scheme, including the potential for negative equity and the impact on inheritance planning.

Contact Us

If you're seeking help applying for a Right to Buy mortgage, please don't hesitate to contact us. You can call us on 01765 360058, email us at [email protected], or visit us at Property Link Homes, 10-10A North Street, Ripon, North Yorkshire, HG4 1JY (Above Joplings).