What Is the Right to Buy Scheme? A Simple Guide for Council Tenants

If you are a council tenant in the UK, you might have heard whispers about the Right to Buy scheme - maybe from a neighbour, a friend, or even a leaflet through the door. What is it exactly? Could this be your ticket to finally owning your own home?

Let us break it down in plain English.

What Is the Right to Buy Scheme?

The Right to Buy scheme is a government programme that allows eligible council tenants (and some housing association tenants) to buy the home they currently rent, often at a significant discount. The idea is to help people living in social housing move into homeownership, giving them the chance to build equity and have long-term security.

Who Can Apply?

To qualify, you usually need to:

• Have been a public sector tenant for at least three years (this doesn’t have to be three years in a row, and it can include time with different councils or housing associations)
• Live in a council home that’s your only or main home
• Have a secure tenancy (which gives you stronger renting rights)
• Not be facing bankruptcy or serious legal issues with your ten-ancy
• If you are renting from a housing association, you might still be eligible under something called the Right to Acquire or via a voluntary Right to Buy pilot in some areas but the rules are slightly different.

How Much Discount Can You Get?

Here is the bit that gets people’s attention:

• You could get up to 70% off the market value of your home although the discount depends on how long you have been a tenant, the type of property, its value and location in the UK.
• Generally, the longer you have rented, the bigger the discount and usually, flats qualify for a higher discount than houses.

Do You Need a Deposit?

Yes - you still need a mortgage unless you are buying the property out-right with savings or help from family. The discount acts like a deposit in many cases, but it is worth checking with mortgage lenders, as some may still require additional upfront cash.

Can You Sell the Property Later?

Yes - but with certain conditions. 

If you sell within 5 years, you might have to pay back some or the en-tire discount and if you sell within 10 years, the council has the right of first refusal (they get the chance to buy it back before you put it on the open market).

Do You Have to Do Repairs?

Once you own the property, you are responsible for all repairs and maintenance - just like any homeowner. So make sure you factor that into your budget, especially if the building is older or has ongoing is-sues.

Is Right to Buy Worth It?

That depends on your situation. Some benefits:

• You have the opportunity to own your home
• You gain security - you can’t be evicted like a tenant
• Over time, the property might increase in value
• You may only need a smaller deposit because of the discount applied

But also keep in mind:

• You’ll have legal and financial responsibilities
• You’ll need a mortgage (and the credit history to get one)
• You’ll pay for repairs, insurance, and council tax
• If you buy a flat, there may be service charges

How Do You Apply?

1. Check your eligibility on the official government website
2. Fill out the Right to Buy application form (RTB1)
3. Submit it to your landlord (your council or housing association)
4. They Council will respond within a set timeframe with a property valuation and offer

If you accept the offer, then it is on to the mortgage approval, legal checks, and eventually - getting the keys in your hand.

Thinking About Using Right to Buy?

It is a big decision and comes with responsibilities, so it is worth getting independent legal and financial advice before you jump in.

Want help understanding your rights or going through the application process? Contact your local HCB Office today our email Conveyancing@hcbgroup.com team. 

Disclaimer: This blog is for general information only and does not constitute legal advice. Always consult a solicitor for advice specific to your situation.