Mortgage Advice Service - Council House Purchases

 

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At The Mortgage Advice Service we aim to help you find a competitive interest rate and then help you decide on the most appropriate mortgage available.

You probably have the Right to Buy if you are a secure tenant of:

  • a local authority or city council
  • a non-charitable housing association or other registered social landlord
  • a Housing Action Trust

You may also have the right to buy if you are a secure tenant of certain other bodies.

You do not have the Right to Buy until you have spent at least 2 years as a public sector tenant - with your present landlord; or another 'Right to Buy landlord'.

You will only be able to purchase under the scheme if your house or flat is a separate home and is your only home.

You cannot buy your home if a court makes a possession order which says that you must leave your home. Neither can you buy your home if you are an undischarged bankrupt, have a bankruptcy petition pending against you, or have made an arrangement with creditors (people you owe money to) and you still owe them money.

You may be able to exercise the Right to Buy jointly with members of your family who have lived with you for the past 12 months, or with someone who is a joint tenant with you.

Any land let together with your home (for example, gardens and garages) will usually be treated as part of your home.

Right to Buy grants vary from local authority but can be as much as £16,000 towards the purchase costs.

It is usually possible to buy your council home at no additional cost than is already being paid in rent and often extra money is available for home improvements.

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

 

Mortgage Advice Service Ltd.
12 Commercial Street
Ystrad Mynach
Mid Glamorgan
CF82 7DX (Map)
Tel: 01443 814914

Mortgage Advice Service Ltd.
61 Tredegar Street
Risca
Gwent
NP11 6BW (Map)
Tel: 01633 612858

 

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