Purchasing a property can be complex and time-consuming. However, evaluating property finance options at the earliest possible stage can simplify the process significantly.
Every council is legally obliged to process Right to Buy applications within a specific time frame. If they fail to do so, the tenant may be eligible for an even bigger discount on the price of the property.
If you are interested in purchasing a property through the Right to Buy scheme, the process takes place over six stages as outlined below:
The discount amount you may be eligible for your property will be determined by multiple factors, including but not limited to the following:
For more information on the various factors than can affect the discount amount on your home, contact a member of the team at UK Property Finance anytime.
There is an eligibility quiz on the official government Right to Buy portal. Check that out and answer a few simple questions to determine whether you may be eligible for an enormous discount on your home’s current market value.
Housing Association Tenants - Recent changes have affected eligibility for the Right to Buy scheme for occupants of housing association properties. Find out more and determine how much you could save by purchasing your home through Right to Buy.
UK Property Finance has extensive experience and expertise in all aspects of Right to Buy applications for council and housing association tenants alike.