How To Buy Your House From The Council

If you ve bought an ex council property then you might be able to sell it back to your local council.

How to buy your house from the council. If you want to find out whether you can sell your house to the council the first thing you would need to do is to contact the housing department or development team at your local council. You ve had a public sector landlord for. The type of property you re buying a flat or house the value of your home if you re buying with someone else you count the years of whoever s been a public sector tenant the longest. After 5 years the discount goes up by 1 for every extra year you ve been a public sector tenant up to a maximum of 70 or. You then sold your home after 18 months for 120 000.

You re a secure tenant. You get a 35 discount if you ve been a public sector tenant for between 3 and 5 years. Right to buy allows most council tenants to buy their council home at a discount. Councils have no obligation to buy your property back so it depends as to whether they are actively buying property or not which is usually subject to how much demand they have for housing in the area. Discounts to buy your home.

Use the eligibility checker on the right to buy website to find out if you can apply. It s your only or main home. The only way you can check if your local council are buying ex council houses back is by getting in touch with them directly. 40 of 120 000 is 48 000. Under the preserved right to buy scheme the maximum discount to buy your home is 70 40 years for a house and 70 15 years for a flat apartment or maisonette.

House you may have the right to buy the freehold right of first refusal landlords who want to sell the freehold of a building containing flats usually have to offer the leaseholders the first. There are different rules for. Example you bought your home worth 100 000 and got a 40 discount 40 000. Under the right to buy scheme you can apply to buy your council home if. We all know that council and social housing stock is low these days with many people keen to rent and not enough houses to go around.