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Right to Buy

The Right to Buy scheme gives council tenants a chance to buy the home they rent from us at a discounted price. Find out how.

Costs and financing

For most people buying a home is the biggest investment they'll ever make. It’s an exciting time, but there's a lot to think about. 

It’s a good idea to look into the costs of owning a home as early as possible before you get too far into the Right to Buy process. 

Even if you do not need a mortgage, it’s worth checking whether lenders are willing to give mortgages on the type of property you want. 

You're responsible for financing your Right to Buy purchase. We cannot arrange this for you.

Becoming a homeowner

When you buy your home you also become responsible for all repairs and maintenance within your property.

If you're buying a house, you'll be the freeholder. This usually means there are no services provided.

However, if your freehold house is on an estate you may have to pay some service charges.

If you're buying a flat or maisonette you're likely to become a leaseholder. Your lease will usually be 125 years. 

Leaseholders are responsible for paying for:

  • services like estate cleaning, network heating and lighting
  • ground rent
  • building’s insurance
  • major works

You should also take this into account when buying. 

Find out more about charges and owning your own home.